Calectra raised $2M in a pre-seed round led by Finnish VCs Lifeline Ventures to develop its thermal battery technology for industrial heating.
Calectra raised $2M in a pre-seed round led by Finnish VCs Lifeline Ventures to develop its thermal battery technology for industrial heating.
08/26/24, 11:44 AM
Location
oaklandMoney raised
$2 million
Industry
electronics
renewable energy
energy
manufacturing
Round Type
seed
Investors
Security Trading, Prodeko Ventures, Wave Ventures, Orca Climate Fund, Aera Vc, Lifeline Ventures
Calectra, a startup focused on electrifying industrial heat, has successfully raised $2 million through a pre-seed round and grants. The funding includes contributions from several Finnish investors. The company plans to utilize the funds to enhance its technology as it prepares for a future seed round.
Company Info
Location
oakland, california, united states
Additional Info
Calectra is a Bay Area-based startup on a mission to electrify the heavy industry - at low cost.
We provide zero-carbon, low-cost up to 1600°C process heat for heavy industries like cement, chemicals, glass, steel, and other metals - using our thermal storage technology. Our thermal storage technology stores off-peak renewable electricity as heat in our patent-pending bricks. The stored heat is provided to the retrofitted industrial process with up to 1600°C air.
Calectra is backed by Activate, the US Department of Energy-funded Cradle to Commerce, NYSERDA-funded Venture for Climate Tech, and MIT The Engine's Blueprint programs.