# Mojave Energy Systems

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

- Industry: Heating, Cooling & Ventilation Equipment and Services
- Headquarters: Sunnyvale, US
- Website: www.mojavehvac.com
- Total disclosed funding: $41M
- Latest round: Series B (Sep 23, 2026)
- Investors on record: 9

## About

Founded in 2022 and based in California, US, Mojave Energy Systems, Inc. provides thermal energy solutions. With a focus on revolutionizing air conditioning and dehumidification technologies, products are designed to enhance efficiency and reduce operating costs for a wide range of commercial applications. In September 2026, Mojave Energy Systems, Inc. raised USD 19 million in series B funding led by new investor Fairtree Capital, with participation from other new investors Cleo Capital, River Bay Investments, and Trail Capital. Returning investors At One Ventures, Fifth Wall Ventures, Myriad Venture Partners, and Starshot Capital. The company plans to utilize September 2026 funding to expand production, grow its sales team, and develop new humidity control products. The company’s flagship product, the Mojave Oasis, uses advanced liquid desiccant regeneration technologies, offering two distinct systems to redefine air conditioning efficiency. The first, an all-thermal system, employs surplus heat from the compressor to evaporate water collected from the desiccant, effectively enabling desiccant reuse. The second, an electrochemical system, leverages a unique shuttle-promoted electrolyte removal (super) electrodialysis process to recover desiccant from collected water, boasting unprecedented efficiency and resourcefulness. Mojave's products seamlessly integrate a liquid desiccant system, prioritizing humidity management, with a modern vapour compression system that excels in temperature control. These systems operate independently, permitting optimized control over both humidity and temperature, yielding significant cost and energy savings. Mojave Oasis excels in applications requiring air temperatures at or below 40 degrees Fahrenheit to remove moisture from indoor environments. It boasts exceptional dehumidification efficiency, as evidenced by an impressive ISMRE2 rating of 9.2 lbs/kWh, surpassing industry standards.

## Funding rounds

- Series B, Sep 23, 2026, $19M — Trail Capital, Fairtree Capital, Fifth Wall Ventures, Cleo Capital, At One Ventures, Myriad Venture Partners, Starshot Capital
- Series A, Aug 29, 2024, $9.6M — Alumni Ventures Group, Fifth Wall Ventures, At One Ventures, Myriad Venture Partners, Starshot Capital, Earth Venture Capital
- Seed, Apr 3, 2023 — Alumni Ventures Group
- Seed, Feb 3, 2023, $12M — Fifth Wall Ventures, At One Ventures, Myriad Venture Partners

## Investors

- Fifth Wall Ventures (https://capitalatlas.ai/funds/fifth-wall-ventures) — Seed, Series A, Series B
- At One Ventures (https://capitalatlas.ai/funds/at-one-ventures) — Seed, Series A, Series B
- Myriad Venture Partners (https://capitalatlas.ai/funds/myriad-venture-partners) — Seed, Series A, Series B
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed, Series A
- Starshot Capital (https://capitalatlas.ai/funds/starshot-capital) — Series A, Series B
- Earth Venture Capital (https://capitalatlas.ai/funds/earth-venture-capital) — Series A
- Trail Capital (https://capitalatlas.ai/funds/trail-capital) — Series B
- Fairtree Capital (https://capitalatlas.ai/funds/fairtree-capital) — Series B
- Cleo Capital (https://capitalatlas.ai/funds/cleo-capital) — Series B