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§ Private Profile · Ismaning, Bayern, Germany
Phlair is a technology company.
Phlair develops Hydrolyzer-based Direct Air Capture (DAC) technology for scalable, affordable removal of atmospheric carbon dioxide. Its core innovation features an energy-efficient electrochemical process, designed for integration with renewable energy sources. This approach directly extracts CO2 from ambient air, offering a solution for climate mitigation.
Founded in 2022 by Malte Feucht, Paul Teufel, and Steffen Garbe, Phlair emerged from a vision to create cost-effective, scalable direct air capture. Based in Munich, Germany, the founders applied their expertise to carbon removal. Malte Feucht is CEO and Paul Teufel serves as CTO, guiding strategic and technical development.
Phlair serves leading carbon removal organizations, underscored by partnerships like its agreement with Frontier for substantial CO2 removal. The company's vision centers on enabling widespread, low-cost CO2 capture. Its long-term objective is to facilitate global deployment of DAC technology, making atmospheric carbon reduction achievable.
Phlair has raised $32.1M across 2 funding rounds.
Phlair has raised $32.1M in total across 2 funding rounds.
Phlair has raised $32.1M across 2 funding rounds. Most recently, it raised $16.1M Grant / Seed in September 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 19, 2024 | $16.1M Grant | Extantia | — | Announced |
| Sep 1, 2024 | $16M Seed | — | Sophie Bakalar, Energy Revolution Ventures, Ultratech Capital Partners, Union Square Ventures | Announced |
Phlair has raised $32.1M in total across 2 funding rounds.
Phlair's investors include Extantia, Sophie Bakalar, Energy Revolution Ventures, Ultratech Capital Partners, Union Square Ventures.
Phlair is a Munich-based technology company founded in 2022 that develops Hydrolyzer-based Direct Air Capture (DAC) technology to extract CO₂ from ambient air at low cost and high scalability.[1][2][3][5] Its electrochemical process uses a pH-swing mechanism with basified solvents, enabling compatibility with intermittent renewables like solar, and supports permanent storage, carbon removal credits, or utilization in products such as synthetic fuels and carbonated drinks.[1][2][3][4][5] Phlair serves corporate buyers like Google, Stripe, JPMorganChase, Shopify, and H&M, addressing the climate challenge of achieving net-zero by inverting fossil fuel dependency through verifiable CO₂ removal.[1][3][4] With over 35 team members, rapid funding including a €14.5M seed round in 2024, and plants under construction like Electra 00 (10 tCO₂/year in Germany, Q1 2025) and Dawn (15,000+ tCO₂/year in Canada, 2028+), Phlair demonstrates strong growth momentum in the carbon removal sector.[1][2][3][5]
Phlair was founded in 2022 by Malte Feucht (CEO), Paul Teufel, and Steffen Garbe, all graduates of the Technical University of Munich, with the mission to create the most cost-effective and scalable DAC technology.[1][3][4][5] Previously known as Carbon Atlantis, the idea emerged from recognizing DAC's potential as a "puzzle piece" for verifiable, permanent net-zero solutions amid the global push to counter fossil fuel emissions.[2][4] Early traction included securing advisory from industry veterans like former Climeworks CTO Carlos Haertel and Covestro CEO Dr. Markus Steilemann, plus investments from Verve Ventures, Extantia Capital, and Planet A.[1][2][6] Pivotal moments feature presales to Frontier (backed by McKinsey, Alphabet, Meta, etc.) and partnerships for initial plants, fueling team growth to over 35 and a first commercial pilot.[1][3][4][5]
Phlair stands out in the DAC field through these key advantages:
Phlair rides the carbon dioxide removal (CDR) megatrend, essential for net-zero goals as emissions cuts alone fall short, with DAC targeted to remove gigatons annually by 2050.[1][3][4] Timing aligns with surging demand from corporate net-zero pledges, $1B+ advance markets like Frontier, and policy incentives for CCUS, positioning Europe-based Phlair as a leader in the race against U.S./Swiss rivals like Climeworks.[2][3][4] Market forces favoring it include falling renewable costs, electrochemical innovations reducing energy barriers (key for scalability), and utilization pathways turning CO₂ into economic value.[1][2][5] Phlair influences the ecosystem by pioneering Europe’s first Frontier supplier, building cross-border plants, and fostering partnerships that accelerate DAC commercialization and cost curves.[3][4]
Phlair is poised for explosive growth with Electra 00 launching Q1 2025, Electra 02 in Canada Q4 2025, and Dawn scaling to commercial volumes by 2028, backed by €14.5M seed and carbon presales.[2][3][5] Trends like AI-driven climate tech, renewable oversupply, and CDR mandates will propel it, potentially expanding to industrial capture and global licensing.[1][2][5] Its influence may evolve from pioneer to infrastructure provider, enabling net-zero at scale if it sustains cost leadership amid competition. This positions Phlair as a cornerstone in revolutionizing DAC from promise to reality.[1][4]