Exergyn

Founded in 2012 in Dublin, Ireland, Exergyn is focused on developing advanced heat pump solutions that eliminate refrigerants. The company has undergone strategic pivots to enhance its offerings and operates independently. Alan Healy is the founder.847 million.Exergyn's primary offering is a groundbreaking, emission-free heat pump that operates without refrigerants, leveraging innovative solid-state technology. The core of this product is a modular system made from shape memory alloy (SMA), designed to efficiently convert thermal energy for heating and cooling applications. This technology addresses key challenges in the HVAC sector, such as environmental impact and service costs associated with traditional refrigerants. Target end users include commercial and residential sectors seeking sustainable energy solutions, and the products are marketed across various geographical regions, including Europe, North America, and potentially Asia.The revenue model for Exergyn is centered on direct-to-business transactions, primarily focusing on partnerships with engineering firms and HVAC system distributors. Customers typically engage in agreements for the provision of Exergyn's heat pumps and related services, which may include installation and maintenance. The structure of these transactions is designed to foster long-term relationships, with potential for recurring revenue through service contracts and upgrades. Pricing plans may vary depending on the scale of the projects and specific customer requirements; however, details on specific pricing tiers for the heat pumps or associated services have not been disclosed. Exergyn plans to expand its market presence, particularly in Europe and North America, and potentially into Asian markets, although specific timelines for these expansions have not been disclosed.

1. Series A

   Dec 20, 2021

   Amount

   $34M

   Investors

   Locked