Magnets and water net Magnotherm $6.9M seed round to kill hazardous refrigerants
TechCrunch
APRIL 4, 2023
Now, a German startup thinks it can freeze those refrigerants out of the market using little more than magnets and water while consuming up to 40% less energy. Magnotherm has been refining its technology, known as magnetocaloric refrigeration, since it was spun out of TU Darmstadt in 2019. Magnets and water net Magnotherm $6.9M
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