# Ocean-based Climate Solutions

Massively Scalable, Low-Cost Carbon Capture that Revitalizes the Ocean

## Elevator pitch
We build, deploy, and monitor Artificial Upwelling Pumps for Ocean Carbon Dioxide Removal.

- Canonical URL: https://wefunder.com/gigaton-carbon-capture
- Entity ID: wefunder:company:32490
- Last updated: 2026-06-11T23:53:50Z
- Generated at: 2026-06-12T03:54:10Z

## Quick facts
- 🙌 Raised $4 million for testing ocean trials, Sandia & Los Alamos National Labs & Oregon Wave Trust
- 🌊 Wave-powered pumps create phytoplankton blooms that absorb and sequester CO2
- 🚀 Low-cost. Estimated removal is $25/ton at scale vs. direct air capture at $60/ton at scale
- 🐳 Doesn’t harm the ocean ecosystem and benefits sea life by creating more food
- 👩‍🔬 Pump design has been validated in wave tank experiments and open ocean trials
- 🚀 McKinsey projects a market value of $50B by 2030; Swiss Re projects 60% year-over-year growth
- 📣 Companies like Microsoft, Stripe, Nestle, others are actively seeking carbon removal services

## Active fundraises
- wefunder:fundraise:50783: 4(a)(6) open (USD)

## FAQ
1. **In addition to the valuation cap, what are the terms of the convertible notes (discount rate, interest rate and maturity date)?**
   - Hi Jeff, the discount rate is 20%, integrate rate is 5%, and the maturity date is April 15, 2023. Best, Salvador
2. **Do you know where I can find the company's Form C? Thank you for your time.**
   - Hi David, thank you for your question. Wefunder recommended we fill the Form C when we hit the US$ 50k mark. Best, Salvador

## Team
- Philip Kithil (Founder & CEO)
- Salvador Garcia (Chief Revenue Officer)
- Davis Marques (Chief IT Officer; COO, Ocean Blooms (Australia))
- Bob Lipstein (Financial Advisor)
- Philip Fullam (Chief Engineer)
- Ian Walsh (Consulting Chief Scientist)
- Amal Bhattarai (Technical Director)
- Dr. Ana Novak (CEO, Ocean Blooms (Australia))
- Eva Chiu (CFO, Ocean Blooms (Australia))
- Nicholas Phelps (Design Engineer)
- Chris White (Board Member of Parent Company)

## Q&A
- Q: In addition to the valuation cap, what are the terms of the convertible notes (discount rate, interest rate and maturity date)?
  - A: Hi Jeff, the discount rate is 20%, integrate rate is 5%, and the maturity date is April 15, 2023. Best, Salvador
- Q: Do you know where I can find the company's Form C? Thank you for your time.
  - A: Hi David, thank you for your question. Wefunder recommended we fill the Form C when we hit the US$ 50k mark. Best, Salvador