Calectra raised $2M in a pre-seed round led by Finnish VCs Lifeline Ventures to develop its thermal battery technology for industrial heating.

Aug 26, 2024•over 1 year ago

Amount Raised

$2 Million

Round Type

seed

OaklandElectronicsRenewable EnergyEnergyManufacturing

Investors

Security TradingProdeko VenturesWave VenturesOrca Climate FundAera VcLifeline Ventures

Description

Calectra, a startup focused on electrifying industrial heat, has successfully raised $2 million through a pre-seed round and grants. The funding includes contributions from several Finnish investors. The company plans to utilize the funds to enhance its technology as it prepares for a future seed round.

Company Information

Company

Calectra

Location

Oakland, California, United States

About

Calectra is a Bay Area-based startup on a mission to electrify the heavy industry - at low cost. We provide zero-carbon, low-cost up to 1600°C process heat for heavy industries like cement, chemicals, glass, steel, and other metals - using our thermal storage technology. Our thermal storage technology stores off-peak renewable electricity as heat in our patent-pending bricks. The stored heat is provided to the retrofitted industrial process with up to 1600°C air. Calectra is backed by Activate, the US Department of Energy-funded Cradle to Commerce, NYSERDA-funded Venture for Climate Tech, and MIT The Engine's Blueprint programs.

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