Insider Brief
- Following its $645 million funding announcement, the company has secured an additional $83 million in Series C and project funding for its AirPlant™ One facility.
- New investors, including Amazon (The Climate Pledge Fund), Mitsui & Co., and the Development Bank of Japan, join existing backers such as SMBC and TPG in supporting the company’s carbon transformation technology.
- The funding accelerates the deployment of AirPlant™ facilities utilizing the Opus™ System to convert captured CO2 into sustainable materials and fuels, reinforcing efforts to replace fossil fuels in manufacturing and transportation.
PRESS RELEASE – Following the momentum of our $645 million funding announcement last fall, California-based carbon transformation company Twelve has secured additional strategic investments in our Series C and project funding for its AirPlant™ One facility, totaling $83 million and bringing the company even closer to realizing its mission to transform CO2 into the building blocks of a fossil-free future.
This latest milestone reflects the shared commitment of existing partners, including SMBC, TPG, and Pulse Fund, as well as new investors and partners: Amazon (The Climate Pledge Fund), Mitsui & Co., Ltd., Development Bank of Japan, Japan Hydrogen Fund (managed by Advantage Partners), Greycroft (Coca-Cola Sustainability Fund), 2551 Capital, TGVP, MOL Switch, CSC Leasing, and other leaders who believe in the potential of Twelve’s carbon transformation technology as a means to address some of the world’s most pressing challenges. Existing investors DCVC increased their Series C position in this latest tranche, and Fundamental Advisors upsized their construction loan to the AirPlant One installation. By diversifying its capital stack with a mix of global investors, strategic leaders, as well as sector-specific partners (e.g., aviation, shipping and transportation, etc.), Twelve is building not only a sustainable future, but a resilient foundation for long-term growth.
These partnerships enable the company to expand the reach of its AirPlant facilities, powered by the proprietary Opus™ System, which transform captured CO2 into critical materials and fuels, such as E-Jet® sustainable aviation fuel. As Twelve continues to work toward a zero-emissions future, this funding reinforces its ability to drive change across supply chains, industries, and geographies at scale. Each partnership brings the company closer to replacing fossil fuels in manufacturing and creating sustainable alternatives for everything from transportation to consumer goods, and beyond.
