High Hopes Labs

High-altitude Carbon Capture

Industrial Technologies
Active
Seed Jerusalem Founded 2020
Total raised
$6.0M
Last: Undisclosed 2021-04
Stage
Seed
Founded
2020
Headcount
8
HQ
Jerusalem
Sector
Industrial Technologies

About

High Hopes Labs has developed a patented technology involving balloons that capture carbon dioxide from the atmosphere. These balloons are capable of reaching altitudes where CO2 is naturally found in a frozen state. They work by collecting this frozen CO2, separating the carbon as it passes through a payload mechanism at high altitudes, and then returning to the ground where the carbon can be processed further.

Funding history · 2 rounds · $6.0M total

2021-04
Undisclosed $5.0M
2020-06
Undisclosed $1.0M

Sectors & technology

Primary sector
Industrial Technologies
Sub-sectors
Climate TechCarbon TechCarbon Capture, Storage, Sequestration, UtilizationIndustrial TechnologiesMaterial Innovations & ApplicationsEnergy Tech
Target customers
Transportation & LogisticsTransportation InfrastructurePorts & HarborsAirportsEnergy, Utilities & Waste ManagementFossil FuelsGasOilUtilitiesElectricityIndustrial Manufacturing
Business model
B2GB2B

Highlights

Climate Tech1 Patents

Tags

energytechcarbon-captureclimate-techrenewable-energyair-pollution