MGA Thermal raised $200,000 in a pre-Series B led by Electrifi Ventures to advance its clean energy thermal storage solutions.

Dec 03, 2024•about 1 year ago

Amount Raised

$200,000

Round Type

series b

Australia

Investors

Understorey VenturesPollination GroupClimate Venture Capital FundVarley HoldingsJekaraMelt VenturesMain SequenceArenaClimate SaladElectrifi Ventures

Description

MGA Thermal has secured an additional $200,000 from Electrifi Ventures and Climate Salad, increasing its total raised in pre-Series B to $14.15 million. This investment will help accelerate the completion of their Demonstration Unit, pivotal for advancing industrial energy storage.

Company Information

Company

MGA Thermal

Location

Australia

About

The company says a stack of 1,000 blocks is about the size of a small car and can store enough energy to power 27 homes for 24 hours. , MGA Thermal was founded in April 2019 by Erich Kisi and Alexander Post after nearly a decade spent researching and developing miscibility gap alloys technology at the University of Newcastle.

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MGA Thermal raised $200,000 in a pre-Series B led by Electrifi Ventures to advance its clean energy thermal storage solutions.

Investors

Description

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Funding Insights

Company Information