Twelve, a carbon transformation startup, raised USD 57 million in a Series A funding round led by Capricorn Technology Impact Fund and Carbon Direct Capital Management. Investors DCVC, Munich Re Ventures, Microsoft Climate Innovation Fund, Breakout Ventures, and Evok Innovations also participated.

The company expects to use the proceeds to scale its technology. Twelve is currently taking pre-orders for its carbon transformation solution including from several automotive, household, and apparel partners including Mercedes-Benz, Procter & Gamble, and NASA.

Twelve (formerly Opus 12) develops chemicals, materials, and fuels using carbon dioxide, that would otherwise be produced using fossil fuels. The company’s core technology is an electrochemical reactor called “O12”, which replicates the photosynthesis process at an industrial scale to transform carbon dioxide into critical chemicals, materials, and fuels using water and renewable energy. Twelve’s technology can be integrated with existing carbon capture solutions to use carbon dioxide emissions from industrial processes as O12’s feedstock.