Source:https:\/\/techcrunch.com\/2023\/05\/18\/night-sweats-to-climate-tech-kelvin-eyes-heat-pumps-and-nabs-30m\/<\/a><\/br>
\nNight sweats to climate tech: Kelvin eyes heat pumps and nabs $30M<\/br>
\n2023-05-18 21:48:58<\/br><\/p>\n

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Radiator Labs<\/a>, a company born to solve steam radiator night sweats (an all<\/a>\u2013too<\/a>\u2013common<\/a> problem in cities such as New York), is expanding beyond smart radiator covers with $30 million in fresh funds. The firm also announced a new name, Kelvin<\/a>.<\/p>\n

Climate tech-focused investor 2150<\/a> led Kelvin\u2019s Series A round, while Schmidt Family Foundation (aka Google money), Partnership Fund for NYC (aka private equity money) and \u201cseveral previous investors\u201d also chipped in, the company said in a statement.<\/p>\n

When Kelvin\u2019s \u201cCozy\u201d radiator cover debuted on Kickstarter, the company promoted it as a \u201cNEST thermostat\u201d for overly hot radiators. Since then, the product evolved from cloth covers for renters (think: giant oven mitts) to a series of sleeker metal covers<\/a> offered to buildings under a subscription, costing \u201caround $10\u2013$15 \/ apartment \/ month,\u201d Kelvin told TechCrunch.<\/p>\n

Kelvin declined to share its valuation and said it will use the money to expand into the U.K., Germany and other parts of Europe. The company added that it plans to start offering heat pumps \u2014 heating tech that is crucial to building decarbonization<\/a> \u2014 \u201clater this year.\u201d<\/p>\n

Asked whether it will be challenging for Kelvin to differentiate itself from the temperature scale of the same name<\/a>, the company told TechCrunch that it is not \u201coverly concerned about confusion.\u201d<\/p>\n

\u201cAs our technology scope expands beyond radiators, we wanted a name that was concise and descriptive of our mission,\u201d the company said. \u201cIn essence, what we\u2019re trying to do is to upgrade temperature control for occupied spaces in the most cost efficient way possible.\u201d<\/p>\n<\/p><\/div>\n

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Science, Tech, Technology<\/br>
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\nSource:https:\/\/techcrunch.com\/2023\/05\/18\/night-sweats-to-climate-tech-kelvin-eyes-heat-pumps-and-nabs-30m\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/05\/18\/night-sweats-to-climate-tech-kelvin-eyes-heat-pumps-and-nabs-30m\/ Night sweats to climate tech: Kelvin eyes heat pumps and nabs $30M 2023-05-18 21:48:58 Radiator Labs, a company born to solve steam radiator night sweats (an all\u2013too\u2013common problem in cities such as New York), is expanding beyond smart radiator covers with $30 million in fresh funds. The firm also announced a new name, Kelvin. […]<\/p>\n","protected":false},"author":1,"featured_media":32635,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-32634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\n