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ELECTRONICS | Chips & Semiconductors
thermoaurainc.com

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Stage

Angel | Alive

Total Raised

$2.29M

Last Raised

$1M | 6 yrs ago

Mosaic Score

+10 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About ThermoAura

ThermoAura is a nanomaterials and clean-energy company commercializing a novel manufacturing technology. The Company seeks to market high-performance nanomaterials made on their novel manufacturing methods to unlock the multibillion-dollar potential of thermoelectric energy conversion applications such as electricity harvesting from waste heat and solid-state refrigeration.

ThermoAura Headquarter Location

123 B. Railroad Ave

Colonie, New York, 12205,

United States

518-813-4997

Latest ThermoAura News

With $1 million raised, this Albany startup can start full-scale production

Apr 20, 2016

ThermoAura, an Albany, New York thermoelectrics company, has raised $1 million that will… more Donna Abbott-Vlahos ThermoAura makes thermoelectric materials for applications in smart cooling and heating. The company uses a chemical process that, when cooked in a microwave, turns chemicals into nanoparticles. The nanomaterials are available in powder, wafer or ingot forms. The latest investment of around $1 million will be used to buy new equipment, build out the team and hire more people to move to full-scale manufacturing. "The technology is, for the most part, developed," Mehta said. "We need to move into large-scale, high-volume manufacturing. " The investment was led by the Eastern New York Angels (ENYA), along with the Executive Forum angel group and the Soundboard Angel Fund. ThemoAura is in talks with two other, unnamed funds, to contribute money before closing this round. ENYA, the National Science Foundation , and New York State Energy Research and Development Authority have all previously made investments in the startup. Thermoaura is expecting to get around $500,000 more from the National Science Foundation in a program that gives $1 for every $2 of private money raised. The money will help ThermoAura increase its team. Mehta is looking to hire several people with backgrounds in chemical engineering, chemical technicians and some shipping and handling. The company has already hired two more employees, bringing its staff to eight. In short time, Mehta said the company may have to look for a larger office space that lets them stay in Colonie. Chelsea Diana covers technology and money

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ThermoAura Patents

ThermoAura has filed 1 patent.

The 3 most popular patent topics include:

  • Hydrogen compounds
  • Metal hydrides
  • Photovoltaics
patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/27/2016

8/14/2018

Metal hydrides, Photovoltaics, Hydrogen compounds, Reducing agents, Tellurides

Grant

Application Date

10/27/2016

Grant Date

8/14/2018

Title

Related Topics

Metal hydrides, Photovoltaics, Hydrogen compounds, Reducing agents, Tellurides

Status

Grant

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