Promethean Power Systems

United States
Panora, Iowa, United States, 02210

Company profile

Promethean Power Systems company profile

Promethean Power Systems designs and manufactures rural refrigeration systems for commercial cold-storage applications in off-grid. Dairy processors who have not been able to collect enough quality milk to meet demand, which is growing at 6% annually. Milk producers whose milk gets spoiled because it is not collected in time are also beneficiaries, though they cannot afford the purchase price of the chillers. The system preserves milk at the village level, which reduces spoilage and transportation costs for processors, leading to increased farmer incomes. <BR/> The chillers enable processors to collect milk that has been chilled at the source, which improves the quality of milk and enables them to collect from isolated dairy villages. <BR/> The system is powered by the grid and by a generator when the grid is down, but will in future use a thermal battery backup to store grid energy.

Business identity

Contact email
[email protected]
Phone number
617-512-8811
Operating status
Active
Company type
For Profit
Employee range
11-50 employees
Revenue range
$0+
Founded
2007-01-01, Year

Headquarters

Postal code
02210
Country code
US
Continent
North America

Capital profile

Funding and company signals

Funding stage
Early Stage Venture
Funding rounds
7
Total equity funding
$1.1M
Last funding
Series B / 2020-01-21
Last equity funding
Series B
Investors
8
Lead investors
3
Founders
2
Articles
11

Founders and investors

Founders

Sam WhiteSorin Grama

Lead investors

AcumenInvested DevelopmentNational Science Foundation

Investors

AcumenNational Science FoundationTotalEnergies VenturesUnited States Agency for International DevelopmentVentureWell