Dioxycle Explained

Dioxycle
Industry:Technology
Founded:2021

Dioxycle is a French-American technology startup company. Founded in 2021, it aims to develop sustainable ethylene from recycled carbon emissions. In 2023, it raised US$17 million in its Series A round from Lowercarbon Capital, Breakthrough Energy Ventures Europe, and Gigascale Capital.[1] The company's primary product is a proprietary electrolyzer that uses water, carbon dioxide, and electricity to produce ethylene. It moved from lab trials to its first prototype in 2022.[2]

Corporate structure

The company was cofounded by Sarah Lamaison, who serves as its chief executive officer,[3] and its chief technology officer, David Wakerley.[4]

Notes and References

  1. News: Jessop . Simon . July 25, 2023 . Dioxycle raises $17 million to help develop green ethylene . July 15, 2024 . Reuters.
  2. Web site: Dillet . Romain . 2023-07-26 . Dioxycle raises $17 million for its electrolyzer that turns CO2 into ethylene . 2024-07-15 . . en-US.
  3. News: Peters . Adele . July 26, 2023 . This Gates-backed startup makes chemicals from carbon emissions . July 15, 2024 . Fast Company.
  4. News: Fehrenbacher . Katie . Jul 26, 2023 . Dioxycle raises $17M from Breakthrough and Lowercarbon . July 15, 2024 . Axios.

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