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Quilt Raises $33M Series A to Revolutionize Heat Pump Market

Quilt Raises $33M Series A to Revolutionize Heat Pump Market

The quiltThe California-based HVAC and refrigeration equipment company raised $33M in Series A funding to transform the heat pump market.

The third funding round was led by Energy Impact Partners and Galvanize Climate Solutions. Additional investors include Garage Capital, Gradient Ventures, Inksite Ventures, MCJ Collective, Lower Carbon Capital, and “Property Brother” Drew Scott. The funding will enable Quilt to strengthen its marketing efforts, increase installer capacity, and roll out its innovative heat pumps in select regions.

The Series A funding marks an important milestone for Quilt as it transitions from a research and development-focused organization to a full-fledged company poised to revolutionize the heating and cooling industry. With its commitment to innovation and customer-centric design, Quilt aims to promote the widespread adoption of heat pump technology, contributing to a more sustainable future.

Quilt co-founder and CEO Paul Lambert recognizes these obstacles and aims to address them with the company's innovative heat pump solutions. Lambert emphasizes the importance of providing customers with an upgrade experience, ensuring that the transition to heat pumps is smooth and appealing.

Quilt's upcoming heat pump features a sleek design and versatile installation options, aiming to overcome aesthetic concerns associated with traditional heat pump setups. With a focus on centralized controls, Quilt offers a user-friendly experience, allowing homeowners to easily adjust settings for the entire home or individual rooms. The company's proprietary technology integrates occupancy sensors to optimize energy use by accurately identifying room occupancy.

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