According to Odaily, Net Zero Company, a Swedish start-up specializing in carbon removal, has successfully raised $5.5 million in seed funding. The investors in this round included Oilinvest, VARO Energy, and SilviCarbon. The company plans to use this funding to support its global expansion and launch a new suite of products, including a real-world asset-backed token known as the 'Carbon Removal Token'.
Net Zero Company's primary focus is on developing solutions to combat climate change by removing carbon from the atmosphere. The newly acquired funds will significantly aid in the company's mission to expand its operations globally and introduce innovative products to the market.
One of the key products in the pipeline is the 'Carbon Removal Token'. This asset-backed token represents a unique approach to addressing the global carbon emissions problem. More details about the token and its functionality will be revealed as the product development progresses.