ecoLocked Secures €4M In Seed Funding For Biochar Carbon Removal

ecoLocked Secures €4M In Seed Funding For Biochar Carbon Removal - Carbon Herald

ecoLocked, a Berlin-based biochar carbon removal (BCR) company, has raised €4 million in a seed funding round, led by Matterwave Ventures and Climentum Capital, with participation from existing investors CounteractSFOSabanci Building Solutions, and Voyagers.

Founded in 2021, the company focuses on reducing the carbon footprint of the construction industry through carbon-negative building materials.

Utilizing BCR technology, which accounted for 94% of carbon credits delivered in 2023, ecoLocked converts sequestered carbon into building materials, aiming to turn buildings into significant carbon sinks.

The new funding will enable ecoLocked to expand its production facilities, introduce new product lines, and enhance demand for its products, the company said in a statement Monday.

Additionally, the startup plans to grow its research and development (R&D) team and further develop its AI-driven platform to optimize raw material variability and ensure high-quality product output.

Relevant: remove Announces Next 20 Startups To Join Its Accelerator Program

ecoLocked’s flagship product, eLM Zero, is an additive for carbon-neutral concrete, already being used by several manufacturers in the DACH region (Germany, Austria, and Switzerland) as well as the Netherlands.

Dörte Hirschberg of Climentum Capital noted that they chose ecoLocked among a number of options because their solution is effective today and is compatible with future decarbonization technologies.

In turn, Ines Kolmsee from Matterwave Ventures emphasized the importance of biochar as one of the most cost-effective and scalable solutions currently available to remove carbon from the air and store it safely.

ecoLocked operates with a diverse team of 18 employees from 13 nations, specializing in sustainability, materials science, construction, and economics.

The company is based in Berlin, with production and laboratory facilities in Bernau, just northeast of the capital.

Read more: International Biochar Initiative And CSI Merge Standards For Industry Growth

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