# Alpinov X

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/alpinov-x

- Industry: Heating, Cooling & Ventilation Equipment and Services
- Headquarters: France
- Website: www.alpinovx.com
- Total disclosed funding: $2.4M
- Latest round: Series A (Oct 16, 2018)
- Investors on record: 2

## About

Founded in 2017 and based in Rhone-Alpes, France, Alpinov X develops eco-friendly cold production and refrigeration systems using water (R718) as a refrigerant, based on a process of water in a closed vacuum evaporation-condensation cycle. In February 2024, Alpinov X raised EUR 10 million in series A funding led by investor Crédit Mutuel Equity.

The company’s refrigeration units cater to various sectors, including urban cooling networks, data centers, and the food and pharmaceutical industries. Their technology utilizes a process of combined evaporation and condensation under vacuum to provide a solution for winter sports resorts that depends on the weather factor, which significantly reduces environmental impact by eliminating harmful greenhouse gases and other pollutants. Alpinov X’s offers energy savings and reduced operational costs compared to traditional refrigeration systems. The firm also provides cold power generators including Snowfarm X®, an all-weather snowgun. 

The company plans to utilize the February 2024 funding to build and commission its second facility which will increase its production area by twofold.

## Funding rounds

- Series A, Oct 16, 2018, $2.4M — InnoEnergy, Rhône Finance

## Investors

- InnoEnergy (https://capitalatlas.ai/funds/innoenergy) — Series A
- Rhône Finance — Series A