ThermoLift Inc
Date | Investors | Amount | Round |
---|---|---|---|
$26.0m | Late VC | ||
Total Funding | $26.0m |
Recent News about ThermoLift Inc
EditThermoLift is a pioneering company in the energy sector, specializing in advanced heat pump technology designed for a sustainable and efficient future. The company's flagship product, the TC3, is a state-of-the-art heat pump that is hydrogen-ready and free of toxic refrigerants, aimed at reducing carbon footprints and enhancing energy efficiency. ThermoLift operates primarily in the clean energy market, serving both residential and commercial clients who are looking to adopt green technologies. The business model revolves around the development, manufacturing, and installation of their patented heating and cooling systems. Revenue is generated through the sale and installation of the TC3 units, as well as through partnerships and funding from both private and public sectors, including significant investments from the U.S. Department of Energy and the NY State Energy Research Development Authority. The company is expanding its operations with a new facility in Novi, MI, to increase its testing, development, and assembly capabilities.
Keywords: heat pump, sustainable energy, hydrogen-ready, carbon footprint, clean technology, energy efficiency, TC3, residential, commercial, patented technology.