Zero Carbon Ventures secures $5 Million in seed funding

UAE-based cleantech firm Zero Carbon Ventures has secured a whopping $5 million in seed funding. This significant financial boost comes from Sheikh Ahmed Mana Khalifa Al Maktoum, an esteemed Emirati businessman and a prominent member of Dubai's ruling family. With this strategic investment, Sheikh Ahmed will not only be a significant backer but will also take on crucial roles as a strategic advisor and chairman of the board.
Zero Carbon Ventures was established in 2022 by visionaries Peter Jodlowski and Martin Reynolds. Their main objective? To introduce the Mena region to revolutionary carbon-reducing technologies. This ambitious venture rests on four foundational pillars: waste management, water conservation, sustainable energy solutions, and innovative materials.
The recent influx of funds is pivotal for Zero Carbon Ventures. As the world looks ahead to COP28 – the next significant global climate conference set to take place in the UAE later this year – the company is poised to play an instrumental role. The newly acquired investment will enable Zero Carbon to further its mission of propelling sustainable development throughout the event and beyond.
With its strategic vision, robust backing, and now considerable resources, Zero Carbon Ventures is well on its way to making a lasting impact on sustainability in the Mena region and globally.

Press release:

Zero Carbon, a company dedicated to bringing carbon-reducing technologies to the Middle East and North Africa region, is honoured to announce the closing of its seed investment round. This coincides with the appointment of His Highness Sheikh Ahmed bin Mana bin Khalifa Al Maktoum as strategic investor and chairman of the board of directors.

This dual role not only underscores His Highness’ commitment to supporting Zero Carbon’s mission to deliver innovative decarbonization projects but also sets the stage for the company's intensified drive towards global sustainability execution at scale.

Martin Reynolds, CEO of Zero Carbon said: "We're thrilled to welcome His Highness Sheikh Ahmed not only as an investor but also as our chairman. His involvement is more than an endorsement; it's a powerful union of vision and purpose. Our ambition has always been to enact tangible change. Our fully established and experienced senior management team, with His Highness by our side, is incredibly well-positioned to drive our sustainability initiatives even further."

His Highness Sheikh Ahmed remarked on his new role, stating: "I initially met Martin and the Zero Carbon team in April this year, and fell in love with their vision. The world now needs people like them to actually get to work on the delivery of these kinds of projects. I hired Zero Carbon to begin work on decarbonizing my own Dubai real estate portfolio. I see immense potential in Zero Carbon, and I am eager to guide and do my part in this pivotal journey towards Net-Zero."

Since its inception in 2022, Zero Carbon has achieved significant progress in advancing sustainability initiatives. With a seasoned team of more than 20 business leaders, engineers, scientists and program managers, the company is uniquely positioned to deliver on significant sustainability projects and to help large-scale organizations and industries to execute tangible emission reductions through technological innovation. Zero Carbon stands firm in its quest to reduce emissions and galvanize others to turn words into action for a cleaner, more sustainable world.

This investment and appointment mark just the beginning for Zero Carbon. With the highly anticipated COP28 in Dubai Expo City less than three months away, the company is gearing up to be at the forefront of sustainability dialogues and actions on the global stage.