Transaera, a New York-based climate tech startup, raised $4.5M in Seed funding.
The round was led by Energy Impact Partners LP, with participation from Carrier Ventures, Saint Gobain, and MassCEC.
The company intends to use the funds to accelerate growth and expand operations.
Co-founded by CEO Sorin Grama, and Mircea Dincă, Professor of Energy in the Department of Chemistry at MIT, Transaera is exploring desiccant materials to develop efficient climate systems that can regulate indoor environments critical to business and human productivity, all while reducing the impact on global climate and local grid infrastructure. The company’s technology uses an innovative sponge-like material that grabs moisture from the atmosphere enabling the air conditioner to cool the air more efficiently. The heat generated by the unit is then used to dry the material for the next cycle.
Transaera is an MIT spinout and performs research and development at Greentown Labs, the largest climatetech startup incubator in North America.