LogisticsGulf Secures m in Series A Financing

In a groundbreaking move towards sustainable climate solutions, 44.01 has just announced the successful completion of a million Series A funding round. This investment round was spearheaded by Equinor Ventures, alongside key partners such as Shorooq Partners in the UAE, Air Liquide Venture Capital (ALIAD), Alumni Ventures, Amazon’s Climate Pledge Fund, Climate Investment, Innovation Development Oman, Planet A Ventures, Salica Oryx Fund, Siemens Financial Services, Sumitomo Corporation, and several other prominent investors.

The infusion of capital reflects a strong vote of confidence in 44.01’s pioneering mineralisation technology, which aims to safely and permanently eliminate CO2 emissions at scale. This funding will empower 44.01 to further enhance its technology, execute commercial-scale projects, and expand its global reach.

At the forefront of this innovative approach to carbon capture and storage is Talal Hasan, the Founder and CEO of 44.01. Hasan expressed his gratitude towards investors for their unwavering commitment to the company’s mission of climate protection and restoration through mineralisation technology.

Equinor Ventures’ Head, Lars Klevier, commended 44.01 for its specialization in CO2 mineralisation technology, underscoring the critical role it plays in the ongoing battle against climate change. Shorooq Partners’ Founding Partner, Mahmoud Adi, highlighted the significance of their lead investment in climate tech, emphasizing 44.01’s pivotal role in advancing carbon sequestration solutions globally.

Amazon, a key player in decarbonisation efforts, reiterated its dedication to combatting climate change by actively supporting initiatives aimed at carbon removal. Amazon’s Head of Carbon Neutralization, Jamey Mulligan, emphasized the importance of innovative technologies like 44.01’s carbon mineralisation solution in achieving industrial decarbonisation on a global scale.

By transforming CO2 into rock, 44.01’s revolutionary technology expedites the natural process of CO2 mineralisation, effectively locking up captured emissions permanently within a span of fewer than twelve months. This transformative approach not only mitigates CO2 levels but also contributes to the restoration of our planet’s fragile climate balance.

In a world grappling with the urgent need for sustainable solutions to combat climate change, 44.01’s breakthrough in CO2 mineralisation technology presents a beacon of hope. As the company continues to push boundaries and forge ahead with its mission to safeguard the environment, the recent influx of funding serves as a testament to the collective resolve and belief in the transformative power of innovation.

This investment not only propels 44.01 towards its goal of commercializing its technology but also signifies a broader shift towards sustainable practices and green investments in the global business landscape. The collaboration between key industry players, venture capital firms, and technology pioneers underscores a shared commitment to building a greener, more resilient future for generations to come.

As the world navigates the challenges posed by climate change, initiatives like 44.01’s CO2 mineralisation technology offer a ray of hope, demonstrating that through innovation and collaboration, we can chart a course towards a more sustainable and harmonious relationship with our planet.

In conclusion, the successful completion of the million Series A funding round marks a significant milestone for 44.01 and heralds a new chapter in the quest for innovative climate solutions. With steadfast support from investors and industry partners, 44.01 is poised to revolutionize the fight against climate change and pave the way for a brighter, cleaner future for all.