Lightrock Climate Impact Fund managed by Lightrock LLP, Carbon Direct Fund II LP managed by Carbon Direct Capital Management LLC, Carbon Solutions Investments Pte. Ltd., and Kibo Investments Pte. Ltd. agreed to acquire Velocys plc (AIM:VLS) from Lansdowne Partners (UK) LLP and others for £4.1 million on December 5, 20232.

Carbon Direct Fund has agreed to provide a secured bridging loan of £3.5 million ("Bridge Financing") to provide sufficient capital for Velocys through to the Acquisition becoming Effective.