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How a box on a roof helped Transaera land $8.2 million in funding
The company has been toiling for seven years, developing a novel air conditioning technology and searching for a beachhead market.
“From a customer perspective, there are lots of incentives for higher efficiency AC,” including occupant comfort and lower electricity bills. For now, the residential work has been put on the back burner, he added, though research and development for the project will continue with the help of$2.3 million in grants that Transaera was awarded by the Department of Energy. Ultimately, Transaera won’t be making the whole widget, but manufacturing components to ship to major HVAC companies, who can then assemble the entire system to be marketed and sold under their names.
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