Carbon Ridge, a leading developer of modular onboard carbon capture & storage solutions for decarbonizing the maritime shipping industry, today announced it has raised $9.5M in funding, bringing the company's total funding to date to $15.5M. The round was led by Crosscut Ventures and Western Technology Investment (WTI), with participation from existing investors The Grantham Foundation, Berge Bulk, Rusheen Capital Management and Plug and Play Ventures. Katapult Ocean, Incite, Spitzer Industries and Canopy Generations Fund also participated in the round.

Based in Los Angeles, California and Houston, Texas, Carbon Ridge is a leading developer of onboard carbon capture & storage solutions (OCCS) for the maritime shipping industry. Carbon Ridge's OCCS technology provides a low-cost, near-term solution to reduce carbon dioxide and other greenhouse gas emissions from commercial maritime shipping. Carbon Ridge's technology allows for non-disruptive integration to vessel exhaust systems, enables up to a 75.0% reduction in process equipment size and volume in comparison to conventional CCS technologies, and is designed for the rigor of commercial maritime operations. In addition to its onboard OCCS technology, Carbon Ridge provides an end-to-end decarbonization solution for its shipping customers, including CO2 transportation, sequestration and credit monetization.