MAGNOTHERM
MAGNOTHERM develops magnetocaloric cooling systems and solid-state materials to provide refrigeration without gases.
About MAGNOTHERM
Founded in 2019, MAGNOTHERM is a young company headquartered in Darmstadt, near Frankfurt. Our international team of over 40 experts has world-leading expertise in magnetic cooling and magnetocaloric materials. MAGNOTHERM aims to make a significant contribution to reversing the climate crisis and revolutionising the cooling industry, currently responsible for at least 7% of global CO2 equivalent emissions, by developing technology which represents the future of refrigeration and cooling. Our technology allows cooling and heating with low pressure and is up to 30% more energy efficient than current gas compression systems, whilst non-explosive, non-flammable, and low maintenance. We look to meet the world’s rapidly growing demand for cost-effective and sustainable cooling applications, and offer a path forward for policy makers to help transition away from gas compression cooling, a technology which hasn’t changed for nearly two centuries.
Company Facts
- Headquarters
- Darmstadt
- Founded
- 2019
- Operating Status
- active
- Company Type
- for_profit
- IPO Status
- private
- Employees
- c_00011_00050
- Funding Stage
- seed
- Total Funding
- $12,668,247
- Last Funding Type
- non_equity_assistance
- Last Funding Date
- 2024-03-26
- Website
- https://www.magnotherm.com/
Industries & Categories
3D Printing, Advanced Materials, Chemical Engineering, Data Center, Food and Beverage, Heating, Ventilation, and Air Conditioning (HVAC), Mechanical Engineering, Simulation
Social Links
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