Funding Details
- Awarder
- Greentown
- Date Award
- June 12, 2024
- Vertical
- Buildings
- Funding URL
- View Funding Page
Company Info
- Founding Year
- 2017
- Traction
- Transaera is one of eight finalists in the Global Cooling Prize, an innovation competition featuring some of the world’s largest air conditioner manufacturers.
- Organizations Involved
- MIT
- Founders
- Sorin Grama, Matthew Dorson
- Company Description
- Transaera is bringing comfort to billions of people while reducing the impact on climate and grid infrastructure. Residential air conditioning is becoming a necessity rather than a luxury. Three billion new residential air conditioning units will be purchased and installed throughout the world by 2050. India and China will account for the majority of this global expansion. Using a novel desiccant material developed at MIT, Transaera is developing an ultra-efficient air conditioning system that will bring comfort to billions of people while reducing the impact on climate and grid infrastructure.
- Market
- Residential and Industrial Cooling Systems
- Location
-
Somerville,
MA,
US
- Coinvestors
- EIP’s Deep Decarbonization Frontier Fund
Links