Airthium
100x cheaper battery to stop Climate Change
Overview
Raised: $632,967
Total Commitments ($USD)
Wefunder
07/22/2022
04/30/2023
$50,000
$5,000,000
$250
SAFE
Seed
RegCF
$42,000,000
$55,000,000
0%
Rolling Commitments ($USD)
Active
03/29/2023
32
1,266%
13%
$2,532
484
2017
Energy, Power, & Natural Resources
Cleantech
B2B
Medium
High
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$230,796 |
$196,621 |
|
COGS |
$0 |
$0 |
|
Tax |
$-157,945 |
$-118,908 |
| ||
| ||
|
Net Income |
$-536,360 |
$-176,074 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$947,199 |
$315,548 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,220,548 |
$504,695 |
|
Short-Term Debt |
$106,131 |
$65,198 |
|
Long-Term Debt |
$2,133,776 |
$922,496 |
|
Total Liabilities |
$2,239,907 |
$987,694 |
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Analyst Report
Climate change is both one of the biggest threats humanity has ever faced and the biggest business opportunity of the century. The rapid pace of climate change endangers our ability to adapt to our changing environment. Its ultimate severity will depend on our ability to quickly reduce greenhouse gas emissions.
Airthium is developing a heat pump and energy storage solution that could be transformative in the fight against climate change.
Founder Profile
Airthium Founder Andrei Klochko on Replacing Fossil Fuel
Industrial buildings venting sky-high plumes of smoke are the epitome of air pollution. Many of them still rely on fossil fuels, one of the greatest culprits of climate change. But like Hawaii, which recently shut down its last coal-fired power plant, some want to change for the greener.Airthium is assisting with a low-cost, zero-emission heat pump for industrial use and electric power generation. The company also plans to use its heat pump for long-term energy storage, making renewable energy a more viable power option. We reached out to co-founder and CEO Andrei Klochko to learn how Airthium's solution can compete against fossil fuel prices and help prevent carbon emissions.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.