Climate and Clean Tech | November 17, 2022

Impulse scores $20 million for battery-powered induction stoves

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, November 17 — Gas stoves, still used by one-third of U.S. households, emit methane even when turned off and release toxins linked to respiratory illnesses. Fast-heating electric-powered induction cooktops are starting to catch on.

San Francisco-based Impulse has raised $20 million in a Series A round led by Lux Capital, with participation from Fifth Wall VC, Construct Capital and Lachy Groom, a former Stripe product manager. The company raised $5 million in a seed round last year.

Impulse this week launched lithium-ion battery-powered induction stoves that don’t require new electric panels or rewiring.

“By building an induction stove that’s not only easy to install and access, but also fundamentally better than current offerings, we hope to make it more compelling for more people to switch to electric powered appliances which are better for the environment,” Impulse’s Deanna Chang told ImpactAlpha

Consumer savings and incentives from the Inflation Reduction Reduction Act are expected to drive a boom in induction stovetops.