Magnotherm Unlocks €6.9M Seed Round to Power the Future of Eco-Friendly Cooling & Heating Solutions

Magnotherm is excited to announce that we have successfully raised €6,900,000 in our latest funding round, marking a significant milestone in our journey to revolutionize the heating and cooling industry. Headquartered in Darmstadt, Germany, our young and innovative company is committed to pioneering advancements in permanent magnets and magnetic cooling. Backed by the support of forward-thinking investors, this funding will accelerate our research and development initiatives, allowing us to refine and scale our cutting-edge energy conversion technology. Our system, which leverages solid state materials and water to achieve efficient thermal energy conversion, is designed to replace conventional gas compression cooling or heating solutions while strictly adhering to current and future F-gas regulation standards. With a dedicated team of over 30 experts, Magnotherm has been transforming the market with a solution that offers up to 30% more efficiency compared to standard systems. Our technology operates on low-pressure systems, around 0.5 bar, and is fully compliant with the stringent requirements imposed by the European Union. By eliminating the risks associated with explosions and flammability, our 100% green technology not only meets but exceeds expectations in terms of safety and sustainability. The funds raised will be strategically deployed to further develop scalable systems that cater to a wide range of applications, from decentralized to mid-range powered integrations across various industries. This expansion is poised to meet the growing worldwide demand for clean, reliable, and sustainable heating and cooling solutions, paving the way towards a greener future.