MAGNOTHERM
Darmstadt · Founded 2019
About MAGNOTHERM
Founded in 2019, MAGNOTHERM is a young company headquartered in Darmstadt, near Frankfurt. Our international team of over 40 experts has world-leading expertise in magnetic cooling and magnetocaloric materials. MAGNOTHERM aims to make a significant contribution to reversing the climate crisis and revolutionising the cooling industry, currently responsible for at least 7% of global CO2 equivalent emissions, by developing technology which represents the future of refrigeration and cooling. Our technology allows cooling and heating with low pressure and is up to 30% more energy efficient than current gas compression systems, whilst non-explosive, non-flammable, and low maintenance. We look to meet the world’s rapidly growing demand for cost-effective and sustainable cooling applications, and offer a path forward for policy makers to help transition away from gas compression cooling, a technology which hasn’t changed for nearly two centuries.
Company Facts
- Founded: 2019
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Employees: 11 – 50
- Estimated revenue: $1K – $10K
- Total funding: $12.7M
- Funding stage: Seed
- Last round: Non-Equity Assistance (Mar 2024)
- Website: https://www.magnotherm.com/
- Phone: [email protected]
Industries & Categories
3D Printing, Advanced Materials, Chemical Engineering, Data Center, Food and Beverage
Social Profiles
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