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In a world where air pollution causes seven million deaths a year [according to the World Health Organization], Molekule has taken up the challenge to fight air pollution and provide clean pollution free air to the masses. Molekule is determined to provide clean indoor air to everyone, everywhere. Molekule's innovative photoelectrochemical oxidation (PECO) technology destroys an entire range of tiny pollutants, including VOCs, mold, bacteria, viruses, and allergens
FREMONT, CA: Molekule, a San Francisco-based company leading in reinventing air purification, secured $58 million in Series C round of financing. The round was led by RPS Ventures with participation from Founder's Circle Capital, existing investors including Foundry Group, Uncork Capital, Crosslink Capital, and TransLink Capital, also new participation from Inventec Appliances Corp (IAC).
The financing will support the company to make further improvements in its air purification technologies.
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Molekule is determined to provide everyone from everywhere with clean indoor air. Molekule's innovative photoelectrochemical oxidation (PECO) technology destroys an entire range of tiny pollutants, including VOCs, mold, bacteria, viruses, and allergens. Based on over 20 years of research, PECO has been tested and validated by multiple third-party laboratories. Recently, Lawrence Berkeley National Laboratory's (Berkeley Lab) Indoor Environment Group found that the Molekule Air purifier eliminates common volatile organic chemicals (VOCs), including formaldehyde, limonene, and toluene, and also ozone, a pollutant highly regulated by the EPA. Aerosol Research and Engineering (ARE) Laboratories also discovered that Molekule's PECO technology was able to reduce the concentrations of bacteria, viruses, mold, and endospores in the tested air by more than 99.99 percent. Nationally Recognized Testing Laboratory, Intertek, recently found that Molekule's PECO technology was able to reduce 95 percent of particulate matter .3 microns in size and larger.
Molekule received its latest funding after the much-awaited product launch of [vendor_logo_first] Molekule Air Mini, which is geared with PECO as its Molekule Air device.
Dilip Goswami, Co-Founder of Molekule, said, "Over the years, air quality has become a worsening issue. This financing will enable us to continue to innovate our technology to revolutionize air quality in a way the industry has yet to see from other players in the space. We're excited to continue to scale the technology and deliver innovation of this nature to the masses."
In a world where air pollution causes seven million deaths a year, Molekule has taken up the challenge to fight air pollution and provide clean pollution-free air to the masses. To accomplish its mission, the company works actively with scientists, doctors, sufferers, and policy-makers.
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