Everest Launches with $3M in Funding

San Francisco, CA - Everest Carbon, a carbon removal measurement company, launched today and announced $3M in funding from a syndicate of investors including Carbon Removal Partners, Ponderosa Ventures, and Carbon Drawdown Initiative. The investment will be leveraged to commercialize the company’s breakthrough alkalinity sensor for enhanced rock weathering (ERW), providing the most direct, scalable, and affordable method for impact quantification.

“ERW is a critical pathway for the multi-gigatonne-per-year carbon removal industry we need to tackle the ongoing climate crisis,” said Pascal Michel, Co-Founder and CEO of Everest Carbon. “The industry has, however, faced a lack of trusted, reliable, and affordable tools to measure and verify ERW removals. Our patent-pending sensor meters the additional carbonate alkalinity generated through ERW deployments right infield. It leverages a specialized ion exchange resin that selectively absorbs carbonate alkalinity as water traverses its measurement cell, then digitizes the system's chemical state for real-time transmission to the cloud. Wrapping well-established material science into a scalable digital sensor will facilitate a new era of independently verifiable, data-driven carbon removals while enabling more than 10x lower measurement cost as we eliminate the need for labor-intensive sample collection and lab analysis.”

ERW removes carbon dioxide from the atmosphere by accelerating the natural weathering of silicate rocks. Ground rock dust is spread on agricultural land using existing bulk transportation and farmland machinery, where it converts atmospheric carbon into durably stored carbonate alkalinity while acting as a natural fertilizer and improving soil health. The challenge with this otherwise simple and highly cost-effective approach is accurately quantifying the impact in such an open system. Existing ERW quantification tools have been unable to meet carbon-removal-credit-buyer demands for measurement rigor and transparency, thereby preventing the industry from scaling.

“Everest’s sensor is a breakthrough for ERW—for the first time, all stakeholders can get access to real-time, accurate measurements directly from deployment fields,” said Max Zeller, Founding Partner of Carbon Removal Partners. “A live feed of measurement data provides unprecedented transparency and measurement scalability, digitizing reporting and eliminating the need for labor-intensive lab sampling. We are delighted to partner with Everest in scaling ERW to address the global climate crisis.”

About Everest Carbon

Everest is making open-system carbon removal measurable. Founded in late 2022 as an ERW project developer, the company was immediately frustrated by existing measurement solutions and started developing its own sensor. At the end of 2023, Co-Founders Pascal Michel, Dr. Matthias Ginterseder, and Jonte Boysen pivoted the company to commercialize its proprietary sensor. The company is now on a mission to reduce MRV costs by over 90% while automating processes to unlock ERW as a viable gigaton-scale carbon removal pathway. Learn more about Everest’s technology at www.everestcarbon.com