Fundz

ecop receives €8.5M in grant funding from EIC Accelerator for heat pump tech

PRIVATEJul 26, 2024

Amount Raised

€8.5 Million

Round Type

Grant

Wiener NeudorfManufacturingEnergyRenewable Energy

Investors

Eit Inno EnergyEIC Accelerator

Description

Austrian heat pump company ecop has been awarded €8.5 million in grant funding from the European Innovation Council (EIC) Accelerator to scale the production of its novel rotation heat pump. The funding will enable ecop to finalize the development of its new rotor design and take the next step in scaling up, making its heat pump solution more broadly available.

Quick answer

ecop raised €8.5 Million in a Grant round, dated July 26, 2024. Investors: Eit Inno Energy and EIC Accelerator. ecop is based in Wiener Neudorf, Niederösterreich, Austria.

How much did ecop raise?
ecop raised €8.5 Million in a Grant round on July 26, 2024.
Who invested in ecop?
Eit Inno Energy and EIC Accelerator are named as investors in this round.
What does ecop do?
ecop is a technology company that develops, manufactures and sells novel high-temperature large-scale heat pumps and chillers for industrial use.
Where is ecop based and how big is it?
ecop is based in Wiener Neudorf, Niederösterreich, Austria.
Who are the decision-makers at ecop?
Fundz holds 1 contact at ecop. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as ecop that raised within 45 days of this round, from Fundz verified event records.

  • Oxylus Energy raised $4.5M (Seed) on September 3, 2024.
  • Last Energy raised $40M (Series B) on September 2, 2024.
  • Mojave Energy Systems raised $9.6M on August 29, 2024.
  • Calectra raised $2M (Pre-Seed) on August 26, 2024.
  • pH7 Technologies raised $1M (Seed) on August 23, 2024.
  • Aptera Motors raised $200K (Seed) on August 23, 2024.

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Company Information

Company

ecop

Location

Wiener Neudorf, Niederösterreich, Austria

About

ecop is a technology company that develops, manufactures and sells novel high-temperature large-scale heat pumps and chillers for industrial use. The systems have a much higher efficiency (COP) compared to the prior art and have lower operating costs due to less loaded wearing parts. Further advantages arise when used with different temperature ranges and the possibility of high temperature delivery. The basis for this is the compression of the working fluid by centrifugal force with rotation up to 1800 revolutions and subsequent expansion of the medium in a single-phase process.

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