What is Mojave?
Founded in 2022, Mojave Energy Systems is an engineering-focused enterprise dedicated to transforming the HVAC landscape. The company specializes in the development of novel liquid desiccant systems that offer superior energy efficiency compared to conventional vapor-compression cooling methods. By addressing the high energy consumption and environmental footprint associated with climate control, Mojave provides a scalable solution for commercial and industrial applications. Its market position is bolstered by a strategic focus on the built world, where energy-efficient retrofitting and new construction standards are increasingly prioritized by global real estate stakeholders.
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, Xerox Ventures, and At One Ventures
Series A (2024): $9.5M led by Fifth Wall, Myriad Venture Partners, At One Ventures, 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 innovative technologies that redefine the physical environment.
At One Ventures
At One Ventures is a mission-driven firm that identifies and scales teams working to ensure humanity has a net-positive impact on the natural world.
Myriad Venture Partners
Myriad Venture Partners provides capital and strategic insights to early-stage companies in AI and deep tech, focusing on industrial revitalization and sustainable business operations.
What's next for Mojave?
With the successful closure of its Series A round, Mojave is poised to transition from product development to commercial deployment. The strategic nature of its recent financing suggests a focus on integrating its liquid desiccant technology into large-scale real estate portfolios, leveraging the expertise of its investor base. Future initiatives will likely center on manufacturing optimization, supply chain expansion, and the pursuit of pilot programs with major property owners. As the regulatory environment tightens around carbon emissions, Mojave's ability to deliver measurable energy savings will be a key driver for its long-term market penetration and competitive advantage in the HVAC sector.
See full Mojave company page
