Modern Electron
Modern Electron is a startup spun out of Intellectual Ventures that develops heat-to-electricity converters to capture wasted heat from...
Facts
- Sectors
- Energy, Clean energy, Hardware
- Stage
- Startup
- Total raised
- $87.8M SEC Form D filings Total of this company's SEC Form D filings
- Last round
- $25M · Nov 2024 SEC Form D
Modern Electron files for $30M raise to scale heat-to-electricity converters, led by CEO Tony Pan and CTO Max Mankin
Modern Electron, an Intellectual Ventures spinoff, is raising $30 million per an SEC filing to commercialize its heat-to-electricity converters that capture wasted heat from furnaces, hot water tanks and industrial sources. The Bothell, Washington startup previously raised about $40 million including backing tied to Bill Gates, and is led by co-founders CEO Tony Pan and CTO Max Mankin.
