Terms
- Not ranked
- Announced, not closed
- Announced
- 6 Nov 2025
- Instrument
- Equity
- Amount
- UndisclosedReported as up to $17m
- Source
- avnos.com
Parties
- Project developer
- Avnos, Inc.
- Recipient type
- Technology company
- Country
- United States
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Shell Investor Not credited Not ranked Mitsubishi Corporation Investor Not credited Not ranked
Carbon
- Pathway
- DAC
What happened
- Up to USD 17m to build the flagship Cedar hybrid direct air capture facility. The up to phrasing signals a milestone tranche rather than capital committed at signing.
Kumo note
- A facility financing rather than a corporate round, from two strategic parties that are also prospective buyers of the captured CO2.
Know more about this transaction?
Not yet known: deal size.
Tell us what is missing or wrong, and where you read it.
Next step
Capital Connections
Meet the other side of deals like these.
Kumo introduces assessed projects to capital providers whose mandate fits, whichever side you are on.
Get started
Free to explore. No card required.
Terminal
Compare the transactions behind these figures.
Pricing, structures and comparables across Kumo's carbon finance dataset.
Explore the Terminal