Mojave, a Sunnyvale, CA-based air conditioning company, raised $9.5M in Series A funding.
The round was led by Fifth Wall and At One Ventures, with participation from returning investors Myriad Venture Partners, Starshot Capital, Alumni Ventures Group, and new investor Earth Venture Capital.
The company intends to use the funds to accelerate the adoption of its Dedicated Outdoor Air System (DOAS) solution, ArctiDry, which began shipping earlier this year.
Led by CEO Phil Farese, Mojave produces novel liquid desiccant systems designed to change the nature of air conditioning by increasing energy efficiency and reducing the climate impact of AC. Its patented technology cools and dehumidifies the air, enabling the independent control of dew point and dry bulb. the ArctiDry product focuses on dehumidification, lowering energy consumption, reducing refrigerant use, and improving indoor air quality for commercial buildings.
In addition to accelerating the adoption of ArctiDry, Mojave is focused on developing the next generation of its advanced technology.
FinSMEs
18/12/2024