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About Twelve
Industries
Energy
Consumer Goods
Company Size
201-500
Company Stage
Series C
Total Funding
$946.4M
Headquarters
Berkeley, California
Founded
2015
Overview
Twelve focuses on transforming carbon dioxide (CO2) into valuable products that are usually derived from fossil fuels. The company uses a technology that mimics industrial photosynthesis, combining CO2, water, and renewable energy to produce hydrocarbons, which serve as the foundation for various materials and fuels. This method significantly lowers lifecycle emissions by up to 90% compared to traditional processes and aims to eliminate reliance on fossil fuels. Twelve differentiates itself by licensing its technology to industrial partners and selling CO2-derived products, while also engaging in joint ventures to expand its impact. The company's goal is to address environmental challenges and contribute to a circular carbon economy by turning CO2 into useful resources.
Simplify's Take
What believers are saying
- Twelve's partnerships with airlines like Alaska Airlines boost demand for their e-fuels.
- Recent $83M funding supports Twelve's commercial-scale plant development in Washington.
- EU's carbon neutrality push by 2050 aligns with Twelve's sustainable aviation fuel focus.
What critics are saying
- Increased competition from startups like CarbonQuest may impact Twelve's market share.
- Global sustainable fuel shortage could hinder Twelve's ability to meet large contracts.
- Reliance on external funding poses financial risks if investor priorities shift.
What makes Twelve unique
- Twelve converts CO2 into valuable products, reducing reliance on fossil fuels.
- Their technology mimics industrial photosynthesis, using CO2, water, and renewable energy.
- Twelve's CO2 electrocatalysis and reactor design are pioneering in carbon transformation.
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Funding
Total Funding
$946.4M
Above
Industry Average
Funded Over
8 Rounds
Industry standards
Growth & Insights and Company News
6 month growth
↑ 2%1 year growth
↑ 1%2 year growth
↑ 5%Tokyu Construction, through its TOKYU-CNST GB Innovation Fund, has invested in U.S. startup Twelve Benefit Corporation, which specializes in low-carbon synthetic fuel production. Twelve uses a unique CO2 electrolysis technology to create e-fuel from renewable hydrogen and CO2. The company is building a commercial-scale plant in Washington and has agreements with airlines like Alaska Airlines for jet fuel use. Twelve also collaborates with major firms like Mercedes-Benz for CO2Made products.
Global Brain Corporation, through its Tokyu Construction-GB Innovation Investment Business Limited Partnership (TCIF), has invested in Twelve Benefit Corporation, a U.S.-based startup with technology for producing low-carbon synthetic fuels and chemical raw materials. Twelve uses CO2 electrolysis to create e-fuels from CO2, water, and renewable energy. They are building a commercial-scale plant in Washington and have offtake agreements with Alaska Airlines and IAG for sustainable aviation fuel. TCIF's total fund is ¥5 billion.
Mitsui & Co. has invested in U.S.-based Twelve, a startup developing E-Jet fuel, a synthetic sustainable aviation fuel (SAF) made from clean energy, water, and CO2. Twelve's first plant in Washington will produce up to five barrels of fuel per day by 2025. Offtake agreements are in place with companies like Alaska Airlines and Microsoft. Mitsui aims to expand its carbon value chain and low-carbon fuel business globally, collaborating with Twelve to develop carbon-neutral fuels.
US carbon transformation company Twelve has raised USD 83 million (EUR 79.8m) in an extension to its Series C round and additional project funding to advance its first AirPlant One sustainable aviation fuel (SAF) plant.
MOL Switch LLC, a subsidiary of Mitsui O.S.K. Lines, invested in Twelve Benefit Corporation, a U.S. company developing synthetic fuel (e-fuel) technology. Twelve completed an $83 million funding round in February 2025, following a $645 million round last fall. Other investors include Mitsui & Co., Development Bank of Japan, and Advantage Partners. Twelve's e-fuels, E-Jet® and E-Marine™, offer over 90% GHG reduction and are used in partnerships with Alaska Airlines, Microsoft, and Virgin Voyages.
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About Twelve
Industries
Energy
Consumer Goods
Company Size
201-500
Company Stage
Series C
Total Funding
$946.4M
Headquarters
Berkeley, California
Founded
2015
There are no jobs for Twelve right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Twelve