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§ Private Profile · Los Angeles, CA, USA
Turbomachinery systems developer electrifying industrial thermal processes with advanced heat pumps for waste heat recovery.
Karman Industries, based in Long Beach, California, develops advanced turbomachinery systems, including Heat Processing Units (HPUs) and next-generation electric heat pumps, to electrify industrial thermal energy processes. Their technology recycles waste heat at efficiencies of 300% to over 1,000%, leveraging aerospace, EV power electronics, and advanced manufacturing to cut industrial costs and emissions. The company sells compact, modular heat pump systems to industrial customers in sectors like food and beverage, chemical processing, and pulp and paper, with units designed for rapid payback through energy savings. CEO David Tearse indicated a product demonstration is planned for May 2025, with commercial deliveries targeted for early 2026, following undisclosed investor backing. Founded in 2024 by David Tearse and Chiranjeev Kalra. Its business model centers on sells compact, modular heat pump systems to industrial customers, with units designed to pay for themselves in months through energy savings.
Karman Industries has raised $4.0M across 1 funding round.
Karman Industries has raised $4.0M in total across 1 funding round.
Karman Industries has raised $4.0M across 1 funding round. Most recently, it raised $4.0M Pre-Seed in September 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 19, 2024 | $4M Pre Seed | Riot Ventures | — | Announced |
Karman Industries has raised $4.0M in total across 1 funding round.
Karman Industries's investors include Riot Ventures.