As per ESG Today, Phlair's solution is powered entirely by electricity and uses readily-available components, which can help operators scale up operations faster and use durable systems, which also incorporate energy storage solutions. This cuts the need to implement expensive and space-consuming external energy storage systems, while the captured CO2 can either be stored in the long term or used to manufacture clean fuels and chemicals.

Company officials claim that the 14.5 million USD funding will also be used to support the development of the production hubs that will assemble the DAC systems, which could go online in 2025 and deliver the first machines to customers such as Shopify and Stripe.

Phlair founder & CEO Malte Feucht, said that "combining our manufacturability with rapid execution, we are able to start addressing the world’s urgent need for scalable DAC solutions and deliver meaningful volumes. All of this while driving costs down toward our long-term goal of sub $100/tCO2, putting us in a great position to lead this industry."

Extantia Capital, Planet A and Verve Ventures are among the investors who contributed to the seed funding round.