Carbon Upcycling Technologies announced the closing of its $18 million investment round led by Builders Vision, a team of investors and philanthropists accelerating tomorrow’s most promising solutions.
The latest investment comes as the company develops its first-of-its-kind carbon capture and utilization technology project at the Ash Grove cement plant in Mississauga, Ontario, and executes a newly signed memorandum of agreement with Titan Group to assess projects at two of its cement plants.
“Builders Vision’s investment, alongside the renewed support of our partners, is a powerful signal that the market is ready for scalable, science-based solutions like Carbon Upcycling,” said Apoorv Sinha, CEO of Carbon Upcycling. “With the support of Builders Vision and our strategic partners, we are setting the foundation for low-carbon construction, demonstrating that it is not just possible – but practical, profitable, and available today.”
The investment round garnered follow-on participation from a strong contingent of existing investors, including Business Development Bank of Canada, Climate Investment, Amplify Capital, and strategic investors CRH Ventures, Oxy Low Carbon Ventures, and Titan Group. The continued participation of returning investors underscores the growing confidence in Carbon Upcycling’s commercial readiness and role in manufacturing localized, low-carbon building materials.
Carbon Upcycling’s groundbreaking technology produces high-performance, sustainable supplementary cementitious products by utilizing and upcycling locally sourced, low-value materials and captured CO₂ emissions. In doing so, the technology localizes critical building material supplies, bolstering construction supply chains and significantly reducing cement emissions.
