Israel-based cleantech startup Airovation Technologies has announced today the receipt of funding for the development of its air purification technology to now also include carbon capture and utilization (CCU). The investment was made by South Korean venture capital firm Yozma Group Korea that specializes in seeking investments in early-stage tech-based companies.
Airovation Technologies focuses on delivering air purification solutions based on technology that removes airborne viruses and other pathogens and ultrafine dust, as well as converts harmful gases into clean air. The superoxide radical technology is a product of the Hebrew University of Jerusalem.
Superoxide radical is considered to be the most potent oxidizer, and the Israeli company uses patented technology that can stabilize and control it.
The innovative purification process involves the use of complex software, chemical technology, and engineering to clean the air efficiently.
Airovation Technologies is set to visit South Korea in the latter half of June to “explore cooperating with potential partners”, according to the company’s co-founder and COO, Gil Tomer.
CSO of Yozma Group Korea Dongjun Lee shared on the investing party’s behalf that helping fund Airovation Technologies was in line with the firm’s aim to expand its ESG-based portfolio and its vision for a carbon neutral future.