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Magneto develops magnetocaloric heat pumps and materials for heating and cooling.
Founded in 2020 and based in Delft, Netherlands, Magneto is a Delft University of Technology spin-off developing magnetocaloric heating and cooling systems. Its technology uses magnetocaloric materials as an alternative to greenhouse gas-based compression systems and also explores converting low-temperature waste heat into electricity. In July 2022, the company raised EUR 1 million in seed funding from Graduate Entrepreneur, Rabobank Group, SHIFT Invest, and UNIIQ.
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