MGA Thermal raised $200,000 in a pre-Series B led by Electrifi Ventures to advance its clean energy thermal storage solutions.
MGA Thermal raised $200,000 in a pre-Series B led by Electrifi Ventures to advance its clean energy thermal storage solutions.
12/03/24, 2:20 AM
Location
australiaMoney raised
$200,000
Round Type
series b
Investors
Understorey Ventures, Pollination Group, Climate Venture Capital Fund, Varley Holdings, Jekara, Melt Ventures, Main Sequence, Arena, Climate Salad, Electrifi Ventures
MGA Thermal has secured an additional $200,000 from Electrifi Ventures and Climate Salad, increasing its total raised in pre-Series B to $14.15 million. This investment will help accelerate the completion of their Demonstration Unit, pivotal for advancing industrial energy storage.
Company Info
Location
australia
Additional Info
The company says a stack of 1,000 blocks is about the size of a small car and can store enough energy to power 27 homes for 24 hours. , MGA Thermal was founded in April 2019 by Erich Kisi and Alexander Post after nearly a decade spent researching and developing miscibility gap alloys technology at the University of Newcastle.