Tech Company Financing Transactions
AirLoom Energy Funding Round
On 10/9/2024, AirLoom Energy received $13.8 million in Seed financing from Lowercarbon Capital, Breakthrough Energy Ventures and CrossCut Ventures.
Transaction Overview
Company Name
Announced On
10/9/2024
Transaction Type
Venture Equity
Amount
$13,750,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds for the development of a pilot in Wyoming to prove out power production and system efficiency.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
5452 Aerospace Drive Hwy 130
Laramie, WY 82070
USA
Laramie, WY 82070
USA
Phone
Website
Email Address
Overview
AirLoom Energy uses the strength of the wind to propel wings down a lightweight track. The company's geometry produces the same amount of energy as conventional turbines at a fraction of the cost. The company offers low-cost utility-scale wind energy.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Neal Rickner
Chief Operating Officer
Blossom Ko
President
Robert Lumley
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