Bedrock Energy Raises $8.5M To Decarbonize Commercial Real Estate With Geothermal Energy
10/11/23, 1:33 PM
Location
los angelesMoney raised
$8.5 million
Industry
energy
Investors
Climate Capital, Divergent Capital, First Star Ventures, Toba Capital, Cantos, Long Journey Ventures, Overture Climate Vc, Wireframe Ventures
Bedrock Energy, a technology startup that designs, constructs, and delivers geothermal heating and cooling systems, today announced $8.5M in seed capital. The financing round is led by Wireframe Ventures, with participation from Overture Climate VC, Long Journey Ventures, Cantos, Toba Capital, First Star Ventures, Divergent Capital, and Climate Capital. The funding will accelerate manufacturing and deployment of technologies that improve the economics of all-electric geothermal HVAC systems, thus helping real estate properties achieve Net Zero operations.
Company Info
Location
1225 cypress ave
los angeles, california, united states
Additional Info
Bedrock Energy is a startup transforming the heating and cooling of buildings, using geothermal energy to radically reduce costs for people and the environment. Bedrock designs, constructs, and delivers geothermal using novel drilling technologies that enable widespread, affordable, and accessible installations of carbon-free geothermal HVAC for urban real estate properties. This allows properties to reduce heating and cooling costs up to 50% and cut direct emissions to zero. To learn more, visit bedrockenergy.com.