Active Impact Investments and Lowercarbon Capital led the round with participation from SOSV, Skyview, Peter Nagar, Resilience Capital Partners, Shell Ventures, Susquehanna Foundation, and 3M Ventures.
The startup plans to use the fresh funds to expand its team and grow utility and distribution partnerships while building next-generation products and experiences. Flair will expand on its OEM partnerships to drive heat-pump adoption, leveraging its leading home hybridization solution to transition the US building sector off oil and gas energy sources as quickly as possible.
“Flair is providing its customers with an elegant set of solutions that not only reduce their energy consumption and improve their comfort, but also enable a more flexible, responsive energy system. Exactly these types of solutions are needed to decarbonize buildings and advance the energy transition,” said Hector MacQuarrie, Venture Principal at Shell Ventures.
Flair is building the most sophisticated solutions for decarbonizing heating and cooling in residential and commercial buildings,” said Daniel Myers, Co-Founder, and CEO of Flair.
“This funding will increase our product compatibility and customer base while continuing to support our mission of bringing meaningful energy reduction and improved comfort to people’s lives,” added Daniel Myers....