$68M doesn't seem like much compared to the billions of capital available. Lyft can burn 1 billion per year but a crucial technology like this for climate change can't get even half of that? Society's ability to allocate capital is really ineffective sometimes.
If this technology got more R&D and was refined, it could potentially be the solution for excess solar/wind. Why build expensive large batteries if all that excess solar/wind can suck CO2 from the air and produce fuel? Then cars running on such fuel could effectively be carbon neutral.
Thats not really how investing works though. I agree 100% on importance but in high risk unproven markets you dont just throw 100m over the fence and see what happens. This is a phenomenal outcome.
If this technology got more R&D and was refined, it could potentially be the solution for excess solar/wind. Why build expensive large batteries if all that excess solar/wind can suck CO2 from the air and produce fuel? Then cars running on such fuel could effectively be carbon neutral.