# Airloom Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/airloom-energy

- Industry: Renewable Energy
- Headquarters: Laramie, US
- Website: www.airloom.energy/
- Total disclosed funding: $15M
- Latest round: Seed (May 14, 2024)
- Investors on record: 6

## About

Founded in 2014 and based in Wyoming, US, Airloom Energy, Inc. engages in offering low-cost utility-scale wind energy. The company was founded by its CEO, Robert Lumley. In April 2023, Airloom Energy, Inc. raised venture funding from investors. In October 2024, Airloom Energy, Inc. received USD 1.25 million in grant funding from US Department of Defense.

The company’s offerings include its technology that propels wings along a lightweight track, utilizing wind power to generate electricity. The firm’s features are that it can be constructed both vertically and horizontally, whether onshore or offshore, offering adaptability to different landscapes and applications. Airloom’s technology features 10-meter wings traveling along a lightweight track that can span from meters to miles, and the 25-meter towers are secured with a patented bridling system, providing flexibility in configuration to suit various landscapes and energy needs. The company’s partners include Lower Carbon Capital, NSF, Impact 307, Wyoming SBDC Network, and others. In October 2024, Airloom Energy, Inc. received USD 1.25 million in grant funding from US Department of Defense.

## Funding rounds

- Seed, May 14, 2024, $11M — Crosscut Ventures Management, Breakthrough Energy Ventures, Lowercarbon Capital, WovenEarth Ventures, Adiuvans Foundation
- Seed, Nov 2, 2023, $4M — Breakthrough Energy Ventures, Lowercarbon Capital, MCJ

## Investors

- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Seed
- Lowercarbon Capital (https://capitalatlas.ai/funds/lowercarbon-capital) — Seed
- MCJ (https://capitalatlas.ai/funds/mcj) — Seed
- Crosscut Ventures Management (https://capitalatlas.ai/funds/crosscut-ventures-management) — Seed
- WovenEarth Ventures (https://capitalatlas.ai/funds/wovenearth-ventures) — Seed
- Adiuvans Foundation — Seed