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Carbominer: EIC Accelerator Grant Fuels Carbon Capture Revolution

Kyiv-based climate technology startup Carbominer just struck gold by landing a grant deal with the EIC Accelerator Fund
February 22, 2024

In the heart of Kyiv, Carbominer, a pioneering carbon climatetech startup, is making waves with its latest achievement. The company has inked a significant grant agreement with the EIC Accelerator Fund, bagging a generous €1.5 million grant with the potential to unlock up to €7.5 million in equity in subsequent stages.

Founded in 2020 by the visionary Ukrainian innovator Nick Oseyko, Carbominer boasts a team blending engineering expertise with corporate acumen. At its core lies a revolutionary technology designed to capture carbon dioxide directly from the atmosphere, known as Direct Air Capture (DAC).

Far from viewing CO₂ as a mere waste, Carbominer sees it as a valuable resource with multifaceted applications across global markets. The startup's initial focus is on indoor agriculture, where it aims to transform traditional farming practices by providing green atmospheric CO₂ to indoor farmers. By integrating this fossil-free CO₂ into greenhouse and vertical farm environments, Carbominer enables sustainable and efficient food production, boasting potential crop yield increases of up to 30 percent.

The EIC's backing represents a pivotal milestone for Carbominer, fueling its mission to commercialize DAC technology. The funding will support the scaling of DAC machines to capacities of 50 and 250 tons per year, facilitate pre-commercialization initiatives with European vertical farms and smart greenhouses, and lay the groundwork for establishing a DAC-unit production line over the next four years.

Carbominer's success underscores its position as a trailblazer in Ukraine's burgeoning startup ecosystem. As only the second Ukrainian startup to secure financing under the new EIC Accelerator program, Carbominer joins a select cohort driving innovation and sustainability forward.

The collaboration between Carbominer and the EIC marks a significant step towards realizing a greener, more sustainable future. With bold initiatives like Carbominer leading the charge, the landscape of carbon capture technology is set for transformative change.

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