Congratulations to our portfolio company Mojave Energy Systems, Inc. on their latest $9.5M Series A funding! As HVAC systems account for about 40% of a commercial building’s energy use, Mojave’s air conditioning technology dramatically lowers electricity consumption by 50%. We’re proud to be part of Mojave’s journey and stand alongside other future-forward investors. Huge kudos to Philip Farese and the whole Mojave team ⸺ we can’t wait to see what’s next! Read more in Axios: https://lnkd.in/eXv46bqa
We are thrilled to announce that Mojave has raised $9.5 million in Series A funding. The funding will accelerate the adoption of Mojave’s groundbreaking Dedicated Outdoor Air System (DOAS) solution, ArctiDry, which sets new a new standard for energy efficiency. This year, we launched ArctiDry and signed on 19 firms to our Sales Partner Network that are actively representing Mojave in their regions. Units are shipping to customer sites. A big thank you goes to our investors for their ongoing support as we advance into our next phase focused on accelerated adoption, product line expansion, and new market development. The round was led by existing investors Fifth Wall and At One Ventures, with participation from returning investors Myriad Venture Partners, Starshot Capital, Alumni Ventures, and new investor Earth Venture Capital. Read the news here: https://lnkd.in/gxKEh5KN #HVAC #ArctiDry #ClimateHVAC #climatetech #venturecapital #energyefficiency #climatesolutions