France-based Caeli Energie, a deeptech startup that aims to replace polluting air conditioning with low-carbon technology made in France, announced that it has raised €10M in its second round of funding.
The investors in the round include Asterion Ventures, Starquest, Bpifrance, and Rise PropTech.
Caeli Energie mentioned in a press release that recent heat waves driven by climate change have increased the demand for air conditioning, but traditional systems using polluting refrigerants and consuming substantial energy worsen the problem. This creates a harmful cycle.
Caeli Energie aims to break this cycle by offering eco-friendly cooling solutions, highlighting the importance of addressing this challenge in the context of climate change.
Founded in 2020 by Rémi Perony and Stéphane Lips, Caeli Energie has developed a patented technology in collaboration with CNRS, creating a French-made air conditioner that operates without refrigerants, external heat rejection, or cold blocks.
This innovation boasts five times the energy efficiency of conventional air conditioners, offering a sustainable cooling solution.
Caeli Energie says it will use the funds to accelerate the production of its low-carbon air conditioning technology and expand its commercial presence, initially in France and later throughout Europe.
The company is automating a pilot production line to reduce costs and production time for their systems. Additionally, it plans to double its workforce, with approximately 15 new hires in industrial, marketing, or commercial roles over the next 18 months.
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