Electrified Thermal, a Boston, MA-based electrified ehermal solutions company, raised $19M in funding.
Backers included Holcim MAQER Ventures, Vale Ventures, TechEnergy Ventures, EDP Venturesm Tupras Ventures, GVP Climate, Clean Energy Ventures, Starlight Ventures, Mass Ventures and Clean Energy Venture Group.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Daniel Stack, Electrified Thermal Solutions is providing Joule HiveTM Thermal Battery (JHTB) that represents an improvement in electric heating element technology in terms of high-temperature performance and durability. Its JHTB generates, stores, and delivers near-flame temperature heat (up to 1,800°C / 3,275°F), offering the most cost-effective, clean alternative to fossil fuels.
FinSMEs
12/12/2024