Mati Carbon has won the $50 million grand prize of the XPRIZE Carbon Removal competition. Mati Carbon (Mati) delivers Carbon Dioxide Removal (CDR) through its Enhanced Rock Weathering (ERW) programme working with agricultural farms in Africa and India. It uses the sale of durable CDR credits to fulfil its mission to improve income and climate resilience of smallholder farmers in a warming world.
The XPRIZE Carbon Removal competition is a $100 million global challenge intended to accelerate scalable solutions for removing carbon dioxide from the atmosphere. Launched in 2021, it drew over 1,300 teams from 112 countries, each aiming to demonstrate the ability to remove at least 1,000 metric tons of CO₂ from the atmosphere.
Founded in 2022, Mati was selected in 2024 as one of 20 global finalists and has won the $50 million grand prize for its scalable, scientifically robust, and cost-effective strategy.
“Winning this XPRIZE competition is an incredible honour and a definitive validation of our research and development, and building out the infrastructure needed to impact millions of farmers while delivering verifiable carbon dioxide removal at a gigaton scale. I couldn’t be prouder, not just of the Mati team, but of our collaborators, research partners and the thousands of smallholder farmers who let us be part of their lives,” says Mati Carbon Founder and CEO Shantanu Agarwal.
Top Opinions
Top Interviews
