VEIR is enabling reliable, cost-effective HTS transmission over very long distances through narrow rights-of-way, connecting lowest cost renewable resources to where they're needed, when they're needed. Its passive, evaporative cryogenic cooling delivers 20 times the cooling power per kilogram of nitrogen flow compared to mechanical subcooling. The future isn't just cleaner, it's affordable.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 03/04/21 | $10,000,000 | Series A |
Breakthrough Energy Ventures Congruent Ventures The Engine | undisclosed |
| 01/28/25 | $75,000,000 | Series B |
Breakthrough Energy Ventures Congruent Ventures Dara Holdings Engine Ventures Fine Structure Ventures Galvanize Climate Solutions Microsoft Climate Innovation Fund Munich Re National Grid Partners Piva Capital SiteGround Tyche Partners VXI Capital | undisclosed |
