October 29, 2021

Daphne Technology secures strategic investments from Shell Ventures, Trafigura, AET and Saudi Aramco Energy Ventures.

Lausanne, 29th of October 2021 – Daphne Technology, a Swiss climate tech startup addressing the Greenhouse Gas (GHG) challenge, continues to attract world leaders of the global economy. Investors in this round include Shell Ventures, Trafigura, AET, and Saudi Aramco Energy Ventures, all committed to limiting global warming.

Daphne leverages innovative technology to remove toxic and GHG emissions such as nitrogen oxides, methane and carbon dioxide from the combustion gas of any fuel type, including oil, LNG, biofuels, ammonia, and hydrogen. The plug-and-play solution breaks down the pollutants, converting them into non-hazardous by-products, which are either released into the environment or transformed into valuable products. As a result, Daphne contributes to a circular economy and a significant reduction in GHG emissions.

Why it matters: The transition to sustainable energy sources is fundamentally reshaping the global economy. Daphne Technology will help the transition to net-zero in the maritime and hard-to-decarbonise sectors.

  • A dramatic reduction of GHG emissions is a must to meet the Paris Agreement goals and International Maritime Organization (IMO) regulations.
  • The vision of Daphne Technology is to convert toxic and GHG pollutants such as nitrogen oxides, methane and carbon dioxide into upcycled and useful products, both at sea and on land.
  • The company is currently pursuing commercial deployment and scaleup and is positioning its solutions in landmark projects.

Because Daphne’s technology can be applied to multiple fuel types, it has the potential to make a substantial impact across the energy system.

Deal details: Shell Ventures led the CHF 10 million capital raise along with Trafigura. AET, and all previous investors co-invested, including Saudi Aramco Energy Ventures and the Innovation Fund. The capital raise earmarks the second round of funding since Daphne Technology spun off from the Swiss Federal Technical Institute (EPFL) in 2018.