US Edition$50 million prize funded by Musk foundation goes to Indian carbon-capture company
- The XPrize Foundation announced winners of its carbon removal competition in Houston on April 23, 2025.
- The four-year global contest, funded by the Musk Foundation, challenged teams to develop scalable carbon removal solutions.
- Grand prize winner Mati Carbon applies crushed rock to farmland, while runners-up use methods like converting waste or adding minerals to the ocean.
- Mati Carbon received the $50 million grand prize, and Vaulted Deep won $8 million.
- Winners demonstrated practical approaches capable of removing the required carbon amount and showing scaling potential.
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27 Articles
Elon Musk-backed XPRIZE just doled out $100 million to carbon-removal startups as DOGE cuts funding to science-based agencies
A company that spreads crushed rock on farmers' fields to help draw climate-warming carbon dioxide from the atmosphere has been awarded a $50 million grand prize in a global competition funded by Elon Musk's foundation. Mati Carbon was among more than 1,300 teams from 88 countries that participated in the four-year XPRIZE Carbon Removal competition, launched in 2021 to encourage deployment of carbon-removal technologies. Many scientists believe …
Associated Press News
$50 million prize funded by Musk foundation goes to Indian carbon-capture company
An Indian company that spreads crushed rock on farmers’ fields to draw climate-warming carbon dioxide from the atmosphere has won the $50 million grand prize in a global competition funded by Elon Musk’s foundation.
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