MicroEra Power
Latest round
- Seed
Last raised
- Jan 2018
Total raised
- $0.1M
Investors
- 1
About MicroEra Power
MicroEra Power, Inc.Founded in 2015 in Rochester, US, MicroEra Power, Inc. operates in the field of thermal energy management, providing advanced storage systems.MicroEra Power's primary offering is the THERMAplus™, an innovative on-site thermal energy storage system designed to enhance the efficiency of heating and cooling in commercial buildings and campus/district energy systems. This system functions by storing thermal energy generated from chillers and heat pumps at optimal temperatures, enabling buildings to manage their energy costs more effectively. By facilitating the use of lower-cost and lower-carbon electricity, THERMAplus™ addresses challenges related to energy consumption, as buildings are responsible for nearly half of all energy use and a significant portion of urban greenhouse gas emissions. The primary client base includes building owners and property managers across various geographical markets, particularly in urban settings where energy efficiency and sustainability are paramount.MicroEra Power generates revenue through direct transactions with commercial building owners and property managers who adopt its THERMAplus™ thermal energy storage solutions. The business model appears to be structured around direct sales and potentially long-term partnerships, as clients seek to implement energy-efficient solutions and achieve cost savings in their heating and cooling operations. Typical transactions may involve the purchase of THERMAplus™ systems, with additional services provided for installation and maintenance of the technology. Revenue is driven by the demand for energy efficiency, with clients benefiting from significant energy cost savings, efficiency gains, and reductions in geothermal requirements.15 mn to expand its product offerings and market reach. The company is currently designing new versions of the THERMAplus™ system with enhanced capabilities, aimed for launch by the end of 2023. Additionally, MicroEra Power aims to penetrate new geographic markets, particularly targeting northeast urban centers and the southeastern regions of the US by 2024, to enhance its footprint in energy-efficient solutions.
Who invested in MicroEra Power
1 investor across 1 round
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Funding rounds
Seed
Jan 1, 2018
Amount
$0.1M
Investors
Questions about MicroEra Power
Who invested in MicroEra Power?
MicroEra Power has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has MicroEra Power raised?
MicroEra Power has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did MicroEra Power last raise money?
MicroEra Power's most recent round on record is a Seed, in Jan 2018.
What does MicroEra Power do?
MicroEra Power is a heating, cooling & ventilation equipment and services company.
Where is MicroEra Power headquartered?
MicroEra Power is headquartered in Rochester, US.
Which VCs invest in companies like MicroEra Power?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back heating, cooling & ventilation equipment and services companies at MicroEra Power's stage. Their profiles are linked below.
VCs backing heating, cooling & ventilation equipment and services startups at Seed
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