Modern Electron Raises $30 Million in Series B; Aims at Reducing Carbon Emissions

Human beings are consistently engaged in an attempt to make their experiences more and more refined. This attempt, however, can take up many different shapes as we move forward in our lives. You see, to match what are actually ever-evolving goals, human beings must reinvent their approach time and time again. Now, such a methodology can leave a lot on the table, but our ability to invest previous lessons into future pursuits has made sure that it only delivers better results over time. If we have to assess these results from a hindsight view, we’ll notice how each one got us something totally unique in terms of core value. However, the benchmark will be raised dramatically once we reach technology. Technology’s high stature around the block today is largely down to the way in which it has empowered us across so many frontiers. The creation’s enormous impact would eventually trigger a major shift in the world’s identity. While every little contribution from technology was important beyond all means, there is a chance that its biggest accomplishments might still be in store. In fact, Modern Electron’s recent funding does a lot to back the said claim up.

Modern Electron has officially raised a sum worth $30 million in a recently-concluded Series B round. According to certain reports, the round saw new investors, including At One Ventures, the fund co-founded by former Google X head, Tom Chi, along with Extantia, Starlight Ventures, Valo Ventures, Irongrey and Wieland Group, join the party. Further details even indicated towards old investors like Bill Gates and MetaPlanet expanding their investment share. It’s a significant milestone as Modern Electron plans to use the cash injection for developing a system, which will optimize the heat produced by housings, apartment buildings, and offices. It will do so through the route of capturing gas emissions and then converting them into clean hydrogen. The decarbonization of gas is expected to result in significantly better environment, and more resilient heat & electricity systems. Apart from it, positioning everyone to use the said heat for manufacturing electricity can also make things economically beneficial over the long-term.

“We are working closely with leading brands in the heating industry to bring innovative technologies to market. And partners like At One Ventures and our new strategic investors support the scaling and commercial realization of our tech. They understand the landscape well, as well as the practical dimensions of getting climate tech innovations to market,” said Tony Pan, Co-founder and CEO of Modern Electron.

Share

Related

Bold Penguin Announces Partnership in Agency Network Space

Bold Penguin—a rapidly growing insurance technology provider—announced its collaboration...

Redesigning the Perception

When it comes to technology, we talk a lot...

How did the insurance industry perform in 2020?

Like in every other industry, the New Year brings...

Rising from the Dead

Human beings do have many abilities that can be...

Rethinking the Streaming Space

The human arsenal tends to possess a wide assortment...

A Sand Grain Attempt to Save the World

As discouraging as it sounds, every good experience of...

Unveiling Cybersec Asia x Thailand International Cyber Week 2024 (powered by NCSA)

The Premier exhibition & conference of Global Experts in...

Orchestrated Building Administration System: Energy Savings in Hospital

Every aspect of an HVAC system is controlled by...

Latest

No posts to display

No posts to display