LAVA (formerly Luminescent)
We make clean energy more efficient and profitable than fossil fuels
We make clean energy more efficient and profitable than fossil fuels
Luminescent is an Israel-based startup founded in 2020 aiming to revolutionize the energy landscape. With the slogan "We turn heat into zero-emission electricity," Luminescent focuses on isothermal heat engine technology, converting waste heat into emission-free electricity, spanning from 70°C to 700°C. The startup's vision extends to long-duration energy storage, geothermal power, and cryogenic electricity generation, emphasizing sustainability and industry decarbonization. The company raised a noteworthy $7.00M in a Seed Round investment on December 15, 2022, with the backing of Grove Ventures and Extantia Capital. Luminescent's competitive edge lies in offering 30% cost advantage over the Organic Rankine Cycle, positioning itself diversely within the Energy and Renewable Energy sectors. The startup presents a compelling opportunity to invest in innovative, sustainable, and cost-effective energy solutions.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Seed Round | $7.00M | 2 |
|
15 Dec 2022 |
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