Transaera, Inc. is a startup focused on revolutionizing residential air conditioning with a mission summed up in their slogan "Cooling for All." The company aims to make air conditioning more accessible while minimizing its impact on the environment and grid infrastructure. With a projected three billion new residential air conditioning units to be installed globally by 2050, especially in countries like India and China, the need for sustainable cooling solutions is paramount. One of the company's standout features is its use of a novel desiccant material developed at MIT to create an ultra-efficient air conditioning system - a promising step toward ensuring comfort for billions of people while mitigating the environmental repercussions. This innovative approach places Transaera at the intersection of Energy Efficiency, a crucial industry in today's sustainability-focused world. Founded in 1990 and headquartered in the United States, Transaera secured a recent Venture Round investment in 01 November 2022 from Elemental Excelerator, showcasing their potential in the eyes of savvy investors. The alignment of their mission, technological innovation, and investor support positions Transaera as a noteworthy player in the future of sustainable cooling solutions.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Venture Round | Unknown | 1 | 01 Nov 2022 | |
Seed Round | $4.50M | 3 | Saint-Gobain | 15 Sep 2022 |
Venture Round | $3.65M | - | 18 Jul 2022 | |
Grant | $100.00K | 1 | 30 Jun 2021 | |
Grant | $100.00K | 1 | 13 Oct 2020 |
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