What is Mojave?
Founded in 2022, Mojave Energy Systems is dedicated to engineering novel liquid desiccant systems designed to drastically improve energy efficiency within heating, ventilation, and air conditioning (HVAC) frameworks. The company's core value proposition lies in its ability to decouple latent and sensible cooling, a process that significantly reduces the climate impact of traditional climate control systems. As the global real estate sector faces increasing pressure to meet net-zero mandates, Mojave's technology offers a scalable pathway for property owners to optimize energy consumption without compromising occupant comfort. The company operates at the intersection of deep tech and green building, leveraging advanced material science to solve one of the most energy-intensive challenges in modern infrastructure.
How much funding has Mojave raised?
Mojave has raised a total of $22M across 2 funding rounds:
Angel/Seed
$12.5M
Series A
$9.5M
Angel/Seed (2023): $12.5M with participation from Fifth Wall, At One Ventures, and Xerox Ventures
Series A (2024): $9.5M led by Fifth Wall, At One Ventures, Myriad Venture Partners, and Alumni Ventures
Key Investors in Mojave
Fifth Wall
Fifth Wall is a premier venture capital firm specializing in proptech, connecting global real estate leaders with transformative technologies to modernize the built environment.
At One Ventures
At One Ventures is a mission-driven investment firm that supports teams developing technologies to ensure humanity acts as a net positive force for nature.
Myriad Venture Partners
Myriad Venture Partners provides strategic capital and ecosystem support to early-stage deep tech and enterprise software companies focused on industrial transformation.
What's next for Mojave?
With the successful closure of this Series A round, Mojave is poised to transition from pilot-stage development to commercial scaling. The influx of capital will likely be directed toward expanding manufacturing capabilities and accelerating the deployment of its desiccant systems across commercial and industrial real estate portfolios. Strategic priorities will include deepening partnerships with major property operators to integrate Mojave's hardware into existing HVAC retrofits. As the firm matures, it will likely focus on refining its supply chain and establishing a robust service network to support the widespread adoption of its energy-efficient solutions, ultimately aiming to set a new standard for sustainable climate control in the global built world.
See full Mojave company page
