SolCold Overview
SolCold developed a patented nano-technological coating that cools everything under the sun. The material uses the sunlight and the sky for cooling and is most effective when it is very hot and the sun is strongest. The coating can be used to cool cars, buildings, containers, apparel, airplanes, etc. and is expected to bring tremendous savings in cooling and air-conditioning expenses and significantly reduce greenhouse gas emissions. After 3.5 years in the lab, in 2022, SolCold did 25 (all paid) pilots with major companies, such as Volkswagen, Hyundai, Elbit Systems, and the Tel Aviv municipality. Initial results are extremely promising, and negotiations are underway for large sales agreements.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
Israeli startup harnessing sun's rays for cooling tech touts new Volkswagen deal
SolCold, an Israeli startup that has developed an eco-friendly cooling technology, has partnered with Volkswagen to test its product and jointly develop a concept vehicle. The technology uses the suns rays to bring down temperatures in buildings, cars, and containers. SolColds product was able to bring down temperatures by 12-14 °C compared to a control vehicle. The partnership with Volkswagen could lead to the integration of SolColds technology in new vehicles. SolCold is also working on developing a cooling paint for commercial and residential buildings. The company has raised over $5 million in funding and is currently raising more for its Series B round. SolCold employs 10 people and plans to expand its business and establish a global presence.
PartnersExpand
growth-positive
This Startup Harnesses the Power of the Sun to Make Things Cool
SolCold, an Israeli startup, uses nanotechnology to create a coating material that uses sunlight to provide a cooling effect. The companys technology can be applied to various products, including cars, buildings, planes, clothing items, and electronic devices. SolCold is currently conducting final testing and expects its products to hit the market in early 2021. The company has raised $4.25 million to date and employs a team of 10 people.
Expand
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Israeli startup seeks to cool your home using sunlight
SolCold, an Israeli company, is developing a special paint based on nanotechnology that uses sunlight to create a cooling effect. The material absorbs sunlight and then reflects it at higher wavelengths, which lowers the temperature. The company recently raised $3.5 million from the Singapore investment fund Chartered Group and has received previous funding from crowdfunding and the Gad Zeevi group. SolCold aims to demonstrate its product in partnership with vehicle and aviation companies and launch commercial production. The companys vision is for the material to become a standard for vehicle and building roofs, reducing global warming. Other companies, such as Skycoool and Radi-Cool, are also working on similar cooling technologies.
CustomersInvestment
growth-positive
Israeli start-up raises 549,000 USD for cooling material against sun rays
Israeli start-up SolCold has raised $549,000 in a crowdfunding campaign on the Israeli platform ExitValley. The company has developed a nanotechnological coating material that produces a cooling effect under sunlight. The material converts its internal heat into light, resulting in a temperature lower than the ambient temperature. It can be used to cool various objects, including buildings, cars, airplanes, and even spaceships. The technology is 100% green and does not require electricity or moving parts. The funding raised will contribute to the companys growth.
Investment
growth-positive
New paint transforms sun's rays into cool air-conditioning
Israeli high-tech paint company SolCold has developed a double-layered coating that uses the suns power to activate a cooling mechanism, providing air conditioning without electricity. The company is raising funds and plans to begin trials within 18 months. SolCold has received hundreds of inquiries regarding orders and distribution rights, estimated to be worth around $100 million, from various countries. The product has generated interest for coating a wide range of surfaces, from chicken coops to cargo ships. SolColds technology has the potential to decrease electricity consumption by up to 60% and is expected to last for 10 to 15 years. The company aims to offer an affordable product with a quick return on investment.
CustomersInvestment
| Sector | Energy Tech |
Funding
| Total funding | $14.37M |
| Last funding | Undisclosed |
| Stage | B |
| Rounds | 8 |
| Investors | 3 |
Team Members
9
Employees: 11-50
Web & Social Links
| Website | www.solcold.co |
| Careers | Careers page |
Locations
HaMazmera St 13, Nes Ziona, Israel
Photos & Videos
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