What is HT Materials Science?
Founded in 2018, HT Materials Science specializes in advanced thermal management through its award-winning Maxwell 2020 technology. As a sub-micron heat transfer fluid additive, Maxwell 2020 functions as a drop-in solution for existing heating and cooling systems, significantly enhancing thermal conductivity. By optimizing heat transfer efficiency, the technology enables industrial operators to achieve substantial reductions in energy consumption while simultaneously increasing overall system capacity. This innovation places HT Materials Science at the intersection of deep tech and sustainability, providing a scalable solution for the global energy transition.
How much funding has HT Materials Science raised?
HT Materials Science has raised a total of $23.2M across 3 funding rounds:
Angel/Seed
$2.4M
Series A
$5.8M
Series A
$15M
Angel/Seed (2020): $2.4M with participation from Progress Tech Transfer Fund
Series A (2021): $5.8M led by Saudi Aramco and Progress Tech Transfer Fund
Series A (2023): $15M supported by Progress Tech Transfer Fund and ARaMCo Venture Management
Key Investors in HT Materials Science
Progress Tech Transfer Fund
An investment fund specialized in sustainable technologies derived from research at Italian universities and public research organizations, focusing on deep tech opportunities in energy and smart materials.
ARaMCo Venture Management
A Mid-Atlantic based private equity firm that operates as an active investor and asset manager, focusing on value-added projects across diverse industrial and service sectors.
Saudi Aramco
A global integrated energy and chemicals company that invests in innovative technologies to enhance energy efficiency and support the transition to sustainable industrial practices.
What's next for HT Materials Science?
With this latest capital infusion, HT Materials Science is expected to prioritize the scaling of its manufacturing capabilities and the expansion of its international distribution network. The strategic focus will likely remain on penetrating high-demand industrial sectors where energy optimization is a primary operational driver. By continuing to refine its Maxwell 2020 additive, the company aims to solidify its market position as a leader in sustainable thermal management. Future growth will be supported by the firm's ability to integrate its technology into existing infrastructure, thereby minimizing the barrier to adoption for large-scale commercial clients seeking to meet stringent environmental, social, and governance (ESG) targets.
See full HT Materials Science company page
