Tech Company Financing Transactions
Electrified Thermal Solutions Funding Round
Clean Energy Venture Group, Clean Energy Ventures and EDP Ventures joined a $19 million capital raise for Electrified Thermal Solutions. The funding round was announced on 12/12/2024.
Transaction Overview
Company Name
Announced On
12/12/2024
Transaction Type
Venture Equity
Amount
$19,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The investment will help Electrified Thermal lay the foundation for scaling manufacturing and support efforts to expand its industrial customer base and secure contracts.
Company Information
Company Status
Private & Independent
Industry
Clean Tech
Mailing Address
407 Rear Mystic Ave.
Medford, MA 02155
USA
Medford, MA 02155
USA
Phone
Undisclosed
Website
Email Address
Overview
Electrified Thermal Solutions started at MIT in the noisy laboratory basement of the Department of Nuclear Science and Engineering. The goal was simple: start an energy revolution. We knew that a zero-carbon world needed a new heat source to replicate the temperature and intensity of fossil fuels, but we didn't yet know how to convert abundant alternative energy to high temperature heat.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Daniel Stack
Chief Technical Officer
Joey Kabel
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