Mars inspired carbon capture company raises $1m

Allan Scott says Aspiring Materials' carbon extraction is energy efficient. (Image: Supplied)

Fri, 15 Oct 2021

A Christchurch startup developing carbon capture methods to help the fight against climate change has raised $1 million in a pre-seed funding round led by Icehouse Ventures with support from Outset Ventures.Aspiring Materials has developed a method of extracting minerals from olivine rock that can capture carbon at the source of emission. The idea for the business began in about 2012 when co-founders Allan Scott and Chris Oze were on a night out discussing another planet in our solar system. “He's a geologist, and I'm a...

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