Twelve: Carbon Transformation Company Raises $645 Million
By Amit Chowdhry ● Sep 23, 2024
Twelve, a carbon transformation company that converts captured carbon dioxide into valuable chemicals, fuels, and other essential products typically made from fossil fuels, announced $645 million in funding. This funding is based on a strategic mix of capital which includes $400 million in project equity led by TPG Rise Climate, $200 million in Series C funding, and an additional $45 million in credit facilities from leading funders in the renewable energy sector marking this as one of the largest financing rounds to date in the e-fuels space.