The worldwide exchange AirCarbon Exchange (ACX), which is reshaping the voluntary carbon market (VCM), is happy to announce the successful closing of its convertible note series, with lead investor and Singapore-based decarbonization investor TRIREC investing.
TRIREC delivers to ACX substantial knowledge and experience in financial markets and climate technologies from a global perspective as Asia’s first and leading early stage decarbonization venture capital investor. The significant business synergies between TRIREC and ACX’s respective operations enhance the value of this profitable venture.
Additionally, the Corporate Venture Capital division of Banpu Public Company Limited and Mubadala Investment Company PJSC, an existing shareholder in ACX, invested in the convertible note series.
ACX’s CEO and co-founder, Thomas McMahon, said, “This note series serves as yet another endorsement of ACX’s work to date and exhibits investors’ faith in our mission to transform the carbon markets. We are excited to collaborate closely with the TRIREC team to advance ACX’s growth and are thrilled to have TRIREC on board.”

Source: Prnewswire