# Phlair

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/phlair

- Industry: Environmental Services
- Headquarters: Ismaning, Germany
- Website: www.phlair.com/
- Total disclosed funding: $16M
- Latest round: Seed (Jun 7, 2024)
- Investors on record: 10

## About

Based in Germany, Phlair GmbH specializes in Direct Air Capture (DAC) technology, focusing on innovative solutions for efficient carbon removal from the atmosphere, integrating renewable energy sources for scalability.Phlair GmbH, founded in 2022 in Ismaning, Germany, operates in the carbon capture sector. The company was co-founded by Malte Feucht, Nicolas Chalons, and Paul Teufel. In 2024, Phlair raised EUR 2.5 mn in a GRANT from the European Innovation Council, contributing to a total amount raised of EUR 14.5 mn. The company has completed 2 deals, with its most recent deal occurring on September 19, 2024.Phlair specializes in Direct Air Capture (DAC) technology, focusing on the development and deployment of innovative solutions for carbon removal from the atmosphere. Their core product, the Hydrolyzer, enables the efficient generation of acid and base, essential for their DAC operations. Phlair's technology is designed to be fully compatible with renewable energy sources, particularly solar power, making it scalable and capable of achieving low energy costs for CO2 capture. The company targets various geographical markets, including Germany and Canada, with plans for significant projects such as Electra 00, Electra 01, and Dawn, which will contribute to CO2 removal in these regions. Phlair's customer base includes enterprises aiming to offset their unavoidable emissions through verified carbon removal credits and firms interested in developing their own DAC projects.Phlair’s revenue model is structured around direct transactions with clients seeking carbon removal solutions and technology partnerships. The company provides verified carbon removal credits, allowing clients to effectively offset their emissions, while also offering the opportunity to develop customized projects integrating DAC technology. These transactions involve direct sales agreements where clients purchase carbon removal credits or enter partnerships to implement DAC solutions tailored to their specific needs. Pricing structures for these services are aligned with the scale of projects, ranging from small-scale installations to larger initiatives, such as those planned for 2025 and beyond. Phlair’s focus on establishing a robust client base in the carbon removal market positions it well for future revenue growth through both direct sales and strategic collaborations.With the EUR 2.5 mn grant funding from the European Innovation Council received in July 2022, Phlair GmbH plans to focus on bringing its first direct air capture plants online in 2025. The company is also targeting expansion into new markets in Canada, alongside its existing operations in Germany, with specific projects planned to enhance carbon removal capabilities in these regions.

## Funding rounds

- Seed, Jun 7, 2024, $16M — Unternehmertum Venture Capital, Atlantic Labs, Verve Ventures, Planet A Ventures, Counteract, Extantia, Mercutio GmbH, Rose Mountain GmbH, Bavarian Sustainable Capital GmbH, Waldegg Equity Partners

## Investors

- Unternehmertum Venture Capital (https://capitalatlas.ai/funds/unternehmertum-venture-capital) — Seed
- Atlantic Labs (https://capitalatlas.ai/funds/atlantic-labs) — Seed
- Verve Ventures (https://capitalatlas.ai/funds/verve-ventures) — Seed
- Planet A Ventures (https://capitalatlas.ai/funds/planet-a-ventures) — Seed
- Counteract (https://capitalatlas.ai/funds/counteract) — Seed
- Extantia (https://capitalatlas.ai/funds/extantia) — Seed
- Mercutio GmbH — Seed
- Rose Mountain GmbH — Seed
- Bavarian Sustainable Capital GmbH — Seed
- Waldegg Equity Partners — Seed