Svante Raises US$318 Million in Series E Round, Led by Chevron New Energies

Chevron New Energies (CNE), a division of Chevron U.S.A. Inc., and Svante announced that Chevron is the lead investor in Svante’s Series E fundraising round, which raised $318 million that will be used to accelerate the manufacturing of Svante’s carbon capture technology.
Chevron leads $318 mln raise for carbon capture tech firm Svante | REUTERS

U.S. oil company Chevron has led a $318 million fundraising round for Canada-based Svante, which develops filters to capture industrial carbon emissions for storage or reuse, the companies said