Deals Counterparts

Remora

company

Remora is a Detroit-based technology company that develops and deploys proprietary carbon capture technology for heavy-duty vehicles like locomotives and semi-trucks. Their system extracts and purifies CO2 from exhaust, which is then sold for revenue or permanent sequestration, offering a rapid payback for operators. The company was founded in 2020 and has raised $117M in funding.

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Founded 2020 Parent: Echeneidae Inc.
Carbon Capture Technology CompanyOEM/EquipmentDeveloperOperator

Strategic Overview

  • Focuses on mobile carbon capture technology for heavy-duty vehicles like freight trains and semi-trucks.
  • Generates revenue for operators by extracting, purifying, and selling captured CO2, with a stated 3.5-year payback period.
  • Utilizes proprietary adsorbents and a gas separation process for high capture efficiency (90%).
  • Technology is modular and has potential applications in other sectors including ships, data center generators, cement kilns, and power plants.

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Key People

Paul Gross
Co-Founder and Chief Executive Officer
Phil Wratchford
VP of Engineering
Darius Harris
VP of People
Jeff Hyman
General Counsel

Track Record

4
Years Active
$M117M
Total Value

Detailed Analysis

Sectors
Carbon Capture & Storage (CCS)TransportationIndustrial DecarbonizationData CentersPower GenerationMaritimeShipping
Geographies
United StatesUSA (3 deals)Norway (1 deal)Global

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