Emerson unit leads almost $7 million funding round for Ecovent
Ecovent, the maker of an intelligent home zoning system that delivers complete room-by-room climate control, announced that it has closed a $6.9 million Series A funding round led by Emerson Climate Technologies, a business segment of Emerson.
Ecovent started the year being named Automation Product of the Year at CES 2015, and has struck a chord with consumers, bringing in more than $1 million in pre-orders. With Ecovent, homeowners have the ability to control the temperature of each room individually through an app, saving energy and money by heating and cooling only the rooms that need conditioning instead of the entire home.
“Today’s cars allow passengers and drivers to set individual temperatures, yet most homes have only one adjustable zone, and it’s time to change that,” said Dipul Patel, CEO and co-founder of Ecovent. “We developed the Ecovent system to give people room-by-room temperature control in any home – automatically. It’s incredibly exciting to have the support of an industry titan like Emerson to help us bring Ecovent to a larger audience as we change the way homeowners experience comfort in their homes.”
For HVAC contractors and other industry professionals looking to deliver home climate control to their customers, Ecovent provides a complete, wireless zoning system that is more cost effective, less invasive and far easier to install than traditional zoning systems.
“With Ecovent, we see the potential to fix an issue that has gone unsolved in the residential HVAC industry for decades,” said Bob Sharp, Emerson executive vice president and climate technologies business leader. “Ecovent’s ability to function seamlessly in tandem with Emerson’s solutions for home comfort and energy efficiency makes them a natural fit as an investment and strategic partner.”