UP Catalyst raises €18.0M Bridge round
8 April 2025· Tallinn, Estonia· materials, environmental_services, carbon_capture, nanotechnology, b2b, software_hardware
The financing is crucial for scaling up the molten salt electrolysis process, enabling the utilisation of CO2 in larger volumes to produce high-performance materials for batteries, defence equipment, paints, coatings, polymers, and concrete. It will also expand the output of synthetic graphite and multi-walled carbon nanotubes (MWCNTs) by the end of 2027 and strengthen the resilience of EU industries and manufacturing in the transition to a more independent product supply chain.
Investors
LeadEuropean Investment Bank
About UP Catalyst
Stage
Bridge
Headquarters
Tallinn, Estonia
Founded
2019
Team Size
21–50
Sectors
materialsenvironmental_servicescarbon_capturenanotechnologyb2bsoftware_hardware