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Magneto logo — Low-cost, efficient, eco-friendly heat exchangers to unlock...

Magneto

Low-cost, efficient, eco-friendly heat exchangers to unlock the global market for magnetocaloric heat pump applications

Founded 2020 The Netherlands The Netherlands 12 employees Grant Total: $1.00M Manufacturing, Clean Energy +1

General Information

Company Name Magneto
Founded Year 2020
Location The Netherlands The Netherlands +1
Employees 12
Industries Manufacturing, Clean Energy, Energy Efficiency
Funding Stage Grant
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About Magneto

Magneto Systems is a Dutch startup founded in 2019, focusing on the development of magnetocaloric materials and heat pumps. Leveraging cutting-edge research from Delft University of Technology and BASF, the company is dedicated to commercializing novel material recipes and scaling up production for various applications. The company's flagship product, magnetocaloric heat pumps, has the potential to revolutionize the energy efficiency sector. With the capability to save up to 30% of global energy used for cooling, amounting to an estimated $250 billion annually, Magneto Systems aims to bring about significant cost savings and reduce greenhouse gas emissions from traditional cooling technologies. Additionally, the technology is projected to play a crucial role in addressing the increased demand for air conditioning, especially in developing countries. The recent grant investment from The European Innovation Council on 23 June 2023 signifies external validation and support for the company's groundbreaking work. In parallel, Magneto Systems is also developing solutions for low-temperature waste heat to power conversion below 80°C, targeting the significant portion of wasted heat in this range, which accounts for approximately 30% of total waste heat. Their unique materials have the potential to harness this low-grade heat and convert it into usable energy, demonstrating their commitment to addressing energy efficiency and clean energy challenges. As it continues to make strides in the manufacturing, clean energy, and energy efficiency industries, Magneto Systems stands as a promising player in the global transition towards sustainable and efficient energy utilization.

Taxonomy: Magnetocaloric materials, Thermal energy conversion, Heat pumps, Energy efficiency, Green technology, Material production, Sustainable cooling, Zero emissions, Waste heat recovery, Energy generation, Clean energy, Environmental impact, Renewable energy, Climate change mitigation, Research and development

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Grant Unknown 1 EIC Accelerator 23 Jun 2023
Seed Round €1.00M 4
SHIFT Invest
Graduate Entrepreneur Fund, UNIIQ +1 		07 Jul 2022

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FAQ About Magneto

Low-cost, efficient, eco-friendly heat exchangers to unlock the global market for magnetocaloric heat pump applications
Magneto was founded in 2020.
Magneto is headquartered in The Netherlands.
Magneto operates in the following industries: Manufacturing, Clean Energy, Energy Efficiency.
Magneto has approximately 12 employees.
Magneto has completed 2 funding rounds, raising a total of $1.00M. The latest funding stage is Grant.
Top alternatives and competitors to Magneto include Geothermal Exchange Organization (GEO), Mojave Energy Systems, Inc., ISIGENERE. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Magneto and Geothermal Exchange Organization (GEO) are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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