A startup making air conditioning systems more efficient has just raised a $12.5 million seed round co-led by VC funds At One Ventures and Fifth Wall, which invests in real estate tech.
California-based Mojave has developed an air conditioning system that uses 50% less energy and 20% less refrigerant than existing systems, it claims.
A heating, ventilation, and air conditioning (HVAC) system's footprint is mainly split between the energy used to control the temperature and what it takes to remove humidity, the research found.
The "big breakthrough" was finding a way to cool the desiccant with cool air, Farese said.
The startup is tackling the outdoor air system (DOAS) market, which refers to systems that precondition air coming into a building from outside.
Persons:
Philip Farese, Farese, DOAS
Organizations:
One Ventures, Palo Alto Research, PARC, National Renewable Energy Laboratory, Xerox PARC, Xerox Ventures, Starlight Ventures
Locations:
California, Mojave