Evercloak raises USD$1.5M in seed funding to cut energy demands in air conditioners

Canada-based Evercloak, that aims to turn the theoretical potential of membrane-based dehumidification into a viable commercial option with its method of manufacturing graphene composite membranes at scale, has announced that it has raised CAD$2 Million (around USD$1,475,000) in an oversubscribed seed round of investment, driven by interest in its HVAC technology.