Climate and Clean Tech | May 24, 2023

Lowercarbon Capital and MCJ Collective back Quilt’s heat pump designs

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, May 24 – Sales of heat pumps in the US last year outpaced gas furnaces. Many systems come with installation challenges, however, requiring new duct systems or the installation of wall-mounted “mini-split” units for room-by-room use.

Redwood City, Calif.-based Quilt is designing smaller units that don’t require the duct work and can be controlled with a smart thermostat.

Lowercarbon Capital, MCJ Collective and others backed Quilt’s $9 million equity round.

Quilt’s system “divides the workload between a heat pump located outside the home and multiple, hyper-efficient indoor air handling units,” MCJ explained in an investment note. “Quilt will be at the forefront of catalyzing the transition to clean home energy.”

The company expects to have its systems ready to sell next year.