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February 18, 2025

Twelve Secures $83 million in Additional Series C & Project Funding

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Twelve Secures $83 million in Additional Series C & Project Funding

2025 is shaping up to be a transformative year for our journey in building a world made from air.

Following the momentum of our $645 million funding announcement last fall, we’re thrilled to share that we’ve secured additional strategic investments in our Series C and project funding for our AirPlant™ One facility, totaling $83 million and bringing us even closer to realizing our 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 our carbon transformation technology as a means to address some of the world’s most pressing challenges. Our 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 our capital stack with a mix of global investors, strategic leaders, as well as sector-specific partners (e.g., aviation, shipping and transportation, etc.), we are building not only a sustainable future, but a resilient foundation for long-term growth.

These partnerships enable us to expand the reach of our AirPlant facilities

These partnerships enable us to expand the reach of our AirPlant facilities, powered by our proprietary Opus™ System, which transform captured CO2 into critical materials and fuels, such as E-Jet® sustainable aviation fuel. As we continue to work toward a zero-emissions future, this funding reinforces our ability to drive change across supply chains, industries, and geographies at scale. Each partnership brings us closer to replacing fossil fuels in manufacturing and creating sustainable alternatives for everything from transportation to consumer goods, and beyond.

Together with our investors, customers, and team, we are proving that the future isn’t just imagined—it’s being built today. A world made from air™ is within reach, and thanks to this expanded Series C round, we’re one step closer to making it a reality.

Stay tuned for more updates as we continue to accelerate our progress and drive the next era of industrial transformation.

About Twelve

Twelve™ is the carbon transformation company™ with a mission to eliminate global emissions and build a fossil-free future. Carbon transformation uses CO2 to displace fossil fuels as a feedstock. Opus™, Twelve’s revolutionary carbon transformation technology, works like industrial photosynthesis. It transforms CO2, water, and renewable energy into hydrocarbons, the building blocks for essential chemicals, materials, and fuels. Twelve can make the same chemicals, materials, and fuels from CO2 that are conventionally made from fossil fuels.

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