Mitico

What Mitico does

Mitico (legal entity Mitico, Inc.; formerly C-Quester) is a Pasadena, California-based climate technology company founded in 2022 as a spin-out of Caltech, where the core technology was developed in Professor Michael Hoffmann's laboratory. The company designs and commercializes post-combustion carbon capture systems for industrial point-source emitters—gas-fired power plants, boilers, waste-to-energy and biomass-to-energy facilities—using a granulated metal carbonate (GMC) sorbent based on potassium carbonate (K₂CO₃) packed into conventional Temperature Swing Absorption (TSA) packed bed reactors. The proprietary sorbent, which is patent-pending and licensed from Caltech, captures over 95% of CO2 from flue gases with 3–18% CO2 concentration, is non-toxic, and uses a narrow temperature swing for absorption and release. Mitico's product platform comprises three integrated units: Design (engineering of Scope 1 and Scope 2 reduction solutions), Capture (the TSA reactor system using GMC sorbent), and Track (a proprietary onsite and online CO2 tracing solution for carbon credit verification). The flagship hardware product, Centennial, is a modular, automated 100-ton-per-year capture unit. The company has completed ISO-compliant Life Cycle Assessment (July 2024) and is undergoing third-party validation with DNV and field testing with Johnston Engineering via U.S. Department of Energy vouchers.

Mitico operates a Carbon Capture, Utilization, and Storage (CCUS) as a Service model at approximately $60 per ton of CO2 captured, on a pay-as-you-go, outcome-based billing cadence, with the client retaining ownership of the captured CO2 and the associated tax benefits (e.g., 45Q credits). A secondary equipment and technology licensing revenue stream is contemplated. Go-to-market is direct enterprise field sales to industrial facility decision-makers, supported by participation in multiple accelerators (Rice Alliance Clean Energy Accelerator, Halliburton Labs, Snam HyAccelerator, Scale for ClimateTech, Carbon to Value Initiative) that provide customer introductions in the U.S., Canada, Italy, and Southeast Asia. The customer base is early-stage: two paid pilot projects are scheduled for 2025 deployment, with industrial partner names undisclosed. Mitico has raised approximately $5.5 million across a $1.2M Pre-Seed (December 2023, led by SOSV/HAX with Freeflow Ventures and Caltech) and a $4.3M Seed (February 2025, led by Exergon/Audacia with Gore Ventures, AP Ventures, Halliburton Labs, SOSV, Freeflow Ventures, SoCal Alliance for Innovation, and Deepbright Ventures), supplemented by non-dilutive capital from the Caltech Rocket Fund, DOE voucher programs, and NGIF Accelerator (CAN $727,215). The team is led by co-founders Clément Cid (CEO), Alan Gu (CTO), and Léopold Dobelle (COO, Forbes 30 Under 30 Energy & Green Tech 2025), with approximately 11 named team members across R&D, operations, business development, and international roles.

Name

Mitico

Legal name

Mitico, Inc.

Website

https://mitico.tech

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Mitico is a Caltech spin-out that builds granulated potassium carbonate sorbent technology and conventional TSA reactor systems to capture over 95% of post-combustion CO2 from industrial point sources, selling CCUS-as-a-Service at approximately $60 per ton to power plants, boilers, and waste-to-energy facilities.

Ownership category

akta.pro rank

Product category

Industrial Carbon Capture Technology

NAICS

Power Boiler and Heat Exchanger Manufacturing (332410)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

Post-combustion Capture Systems (Solid Sorbents & Structured Adsorbents) (EUABAGAB)

Keywords

• Carbon capture technology
• Post-combustion CO2 capture
• Industrial point-source emissions
• Carbon capture sorbents
• CCUS services

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Carbon Capture as a Service (CCUS): Mitico offers carbon capture and storage (CCS) as a service for industrial emitters. The company captures CO2 at the source, purifies it, and provides it to customers for utilization or sequestration. The captured high-purity CO2 can be used, sold, or permanently sequestered.
2. Equipment and Technology Licensing: Sale of carbon capture systems and technology solutions for industrial point-source emitters. The integrated solution includes sorbent technology, reactor systems, and tracking capabilities.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Mitico designs, builds, and operates carbon capture systems for industrial point-source emitters such as gas-fired power plants, boilers, and waste-to-energy and biomass-to-energy facilities. Its core offering combines a proprietary granulated potassium carbonate (K2CO3) sorbent with conventional temperature swing absorption (TSA) packed bed reactors to capture over 95% of CO2 from post-combustion flue gases. The company delivers these capabilities through an integrated platform (Design, Capture, Track), a modular Centennial system rated at 100 tons of CO2 per year, and CCUS as a Service at approximately $60 per ton of CO2.

Product overview

Mitico is a carbon capture technology company offering an integrated three-service-unit platform: Design, Capture, and Track. The core Capture offering utilizes proprietary granulated metal carbonate (GMC) sorbent technology developed at Caltech, packed into conventional Temperature Swing Absorption (TSA) tower reactors. The flagship product is Centennial, a modular carbon capture system designed for 100 tons/year CO2 removal capacity. The Track service provides proprietary CO2 tracing for emission verification and carbon credits. The Design unit engineers optimal solutions for Scope 1 and Scope 2 emissions reduction. The company offers CCUS as a service at approximately $60 per ton, with captured CO2 available for utilization, sale, or permanent sequestration.

Differentiator

Problem solved

Functional benefit

Products and services

• Centennial First modular, versatile, and automated carbon capture system designed to remove 100 tons of CO2 per year, utilizing proprietary granulated metal carbonate sorbent in a temperature swing absorption reactor. Built for industrial point-source emitters.
• Carbon Capture, Utilization, and Storage (CCUS) as a Service End-to-end carbon capture service that captures, purifies, and delivers CO2 for industrial clients. Captured high-purity CO2 can be utilized, sold, or permanently sequestered. Clients retain ownership of the CO2 to obtain applicable tax benefits.
• Design Engineering and solution design service that determines the best approach for meeting Scope 1 and Scope 2 carbon footprint reduction goals for industrial clients.
• Capture Post-combustion CO2 capture using temperature-assisted fixed bed reactor technology with proprietary granulated metal carbonate sorbent, applicable to flue gases from boilers, turbines, and industrial processes with 3% to 18% CO2 concentration.
• Track Proprietary onsite and online CO2 tracing solution that maximizes carbon emission reduction credits and provides real-time emission data tracking at industrial facilities.

Quantifiable outcome

• Over 95% CO2 capture rate from post-combustion point sources
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core, significant and minor.

• California Institute of Technology (Caltech)coreTechnology or IntegrationLicenses intellectual property from Caltech. Technology developed under Professors Hunt and Hoffmann at Caltech. Caltech also invested in Pre-Seed round.
• Bangchak CorporationsignificantStrategic or Co-development PartnerMOU signed in June 2023 for collaboration on carbon capture technology development. Bangchak is a Thai energy company targeting Carbon Neutrality by 2030 and Net Zero GHG Emissions by 2050.
• Asian Institute of Technology (AIT)significantStrategic or Co-development PartnerPartner in the three-way MOU with Bangchak and C-Quester (now Mitico) for knowledge exchange and expertise sharing in carbon capture technologies.
• DNVsignificantTechnology or IntegrationValidation and certification partnership with DNV (world-renowned classification and risk management company) to test and validate Mitico's GMC sorption technology against industry standards.
• Johnston EngineeringsignificantImplementation/ SI/ Consulting PartnerField testing partner for comprehensive on-site testing of carbon capture process, including design and building of specialized test fixtures.
• SnamsignificantStrategic or Co-development PartnerWinner of Snam's HyAccelerator 2025 - Net Zero Revolution Call4Startup. Will enter Validation Phase to develop pre-feasibility studies for real-world applications with support from Snam and partners.
• Rice Alliance Clean Energy AcceleratorsignificantImplementation/ SI/ Consulting PartnerSelected for Class 4 of Rice Alliance Clean Energy Accelerator (Houston). Gain access to 70+ industry experts, mentors, and Executives-in-Residence.
• Scale for ClimateTech (S4C)minorImplementation/ SI/ Consulting PartnerSelected for Scale for ClimateTech 5th Cohort. Program provides technical assistance from prototype phase to manufacturing development, including MRL assessments.

Scale indicators5 records

Recent moves6 records

Expansion highlights7 records

Emerging players

• Charm Industrial: Charm Industrial converts biomass-derived CO2 into liquid fuel for underground sequestration. While using a different capture pathway, Charm competes with Mitico for the same corporate sustainability budgets and serves overlapping industrial decarbonization customers.
• Heirloom Carbon Technologies: Heirloom is an emerging climate-tech company using limestone-based direct air capture (DAC) technology. While Heirloom focuses on DAC rather than point-source capture like Mitico, both target the same corporate buyers seeking high-quality carbon removal credits.
• Climeworks: Climeworks is a leading DAC technology provider using solid sorbent structures. While Climeworks focuses on atmospheric rather than point-source CO2 capture, it is a comparable climate-tech player using sorbent-based capture chemistry and similar modular system architectures.

Direct peers

• Carbon Clean: Carbon Clean offers post-combustion CO2 capture using its proprietary CycloneCC solvent technology, targeting the same industrial point-source emitter customers as Mitico including power, cement, steel, and refinery operators.
• Svante: Svante is the closest direct competitor to Mitico, offering post-combustion carbon capture using structured solid sorbents in rotating adsorbent reactor technology. Both companies target industrial point-source emitters with modular, lower-cost solid sorbent solutions.
• ION Clean Energy: ION Clean Energy provides post-combustion CO2 capture using proprietary solvent-based technology for industrial emitters and power generation. Both ION and Mitico serve the same point-source carbon capture market with comparable modular plant designs.
• CarbonCapture Inc. CarbonCapture Inc. develops post-combustion CO2 capture systems using solid sorbents for industrial point sources including power plants and cement facilities, directly competing with Mitico in the same customer segment with a similar modular approach.

Broad incumbents

• Honeywell UOP: Honeywell UOP offers the Econamine FG Plus solvent-based CO2 capture technology for industrial emitters. As a division of a Fortune 100 industrial conglomerate, it represents the kind of well-capitalized incumbent Mitico competes against for point-source capture deals.
• Mitsubishi Heavy Industries: Mitsubishi Heavy Industries operates the proprietary KM CDR (Kansai Mitsubishi CO2 Recovery) post-combustion amine capture process, one of the most widely deployed commercial CCS technologies in power and industrial applications worldwide.
• Aker Carbon Capture: Aker Carbon Capture is a large, publicly listed Norwegian CCS technology provider with amine-based post-combustion capture systems deployed at industrial and power-generation sites. As a much larger incumbent, it competes with Mitico on the same point-source capture use cases.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=_UJ6O10cqos
• LinkedInlinkedin.com/company/miticotech

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds4 records

Investors12 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mitico