# Sustaera

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

- Industry: Renewable Energy
- Headquarters: Cary, US
- Website: www.sustaera.com
- Total disclosed funding: $10M
- Latest round: Series A (Dec 16, 2021)
- Investors on record: 2

## About

Sustaera Inc. specializes in innovative Direct Air Capture (DAC) technology, addressing carbon emissions and climate change by effectively removing carbon dioxide from the atmosphere for reuse.Founded in 2021 and headquartered in Cary, US, Sustaera Inc. focuses on Direct Air Capture technology. The company has successfully completed 3 funding deals, with the most recent being a Series A round that raised USD 10.00 mn on July 6, 2023, backed by investors including Breakthrough Energy Ventures and Grantham Foundation. Shantanu Agarwal is the founder of Sustaera, who has previously been involved in other ventures.Sustaera develops and offers advanced Direct Air Capture (DAC) technology designed to combat carbon emissions and climate change. By utilizing renewable energy, the company effectively extracts carbon dioxide from the atmosphere, making it reusable at scale. Targeting industrial applications and corporate sustainability initiatives, Sustaera serves corporate clients, governments, and environmental organizations committed to sustainability in markets across North America and Europe.Sustaera earns revenue through partnerships and agreements with companies interested in carbon removal solutions. Their revenue model primarily consists of long-term contracts for deploying Direct Air Capture systems, allowing clients to incorporate this technology into their operations. While specific pricing details are not publicly disclosed, their model involves enterprise-level contracts that support the scalable implementation of their carbon capture technology across various sectors.Following a recent funding round on July 6, 2023, where Sustaera Inc. secured USD 1.46 million in venture debt funding, the company aims to enhance its product offerings and expand into new geographical markets. Upcoming plans include the launch of additional DAC solutions designed for specific industrial applications, targeting expansion into regions in Europe and Asia by 2025. The recent funding will be utilized to support these growth initiatives and enhance the company's technological capabilities.

## Funding rounds

- Series A, Dec 16, 2021, $10M — Grantham Foundation, Breakthrough Energy Ventures

## Investors

- Grantham Foundation — Series A
- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Series A