Total raised
$35.1M
Last: Undisclosed 2025-01
Stage
Seed
Founded
2020
Headcount
39
HQ
Sdot Yam
Sector
Energy Tech
About
LAVA develops advanced thermodynamic technologies to improve the efficiency and economics of heat-to-electricity and electricity-to-heat conversion. Its solutions include an isothermal heat engine for zero-emission electricity generation, a high-efficiency isothermal heat pump for industrial heating and cooling, and the Carnot Battery for long-duration energy storage. These innovations aim to provide cost-effective, high-performance solutions for energy and industrial applications.
Funding history · 4 rounds · $35.1M total
2025-01
Undisclosed
Undisclosed
2023-05
Seed
$12.5M
2022-05
Seed
$5.5M
2021-02
Pre-Seed
$2.0M
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- What is LAVA's primary focus in terms of technology development?
- LAVA develops advanced thermodynamic technologies to improve the efficiency and economics of heat-to-electricity and electricity-to-heat conversion, including an isothermal heat engine, a high-efficiency isothermal heat pump, and the Carnot Battery for energy storage.
- When was LAVA founded and what were its former names?
- LAVA was founded in March 2020. Its former names include Luminescent and Luminescent Solar Power.
- What was LAVA's most recent funding round, and who were the investors?
- In January 2025, LAVA completed an Undisclosed round of funding with investors Ineffable Ventures and Emissions Reduction Alberta.
- What was the total amount of grants LAVA received from the IIA in 2024 and 2025?
- LAVA received a total of $14,740,000 in grants from the IIA in 2024 and 2025, specifically $1,270,270 in July 2024 and $13,400,000 in February 2025.
- Which investors participated in LAVA's Seed round in May 2023?
- In May 2023, LAVA's Seed round included investments from Grove Ventures, Ormat New Ventures, and Techint.
- How many employees does LAVA currently have?
- LAVA currently has 39 employees.
- What is the total amount of funding LAVA has raised to date?
- According to startupim data, LAVA has raised a total of $35,098,840 USD.
- What is one of LAVA's key contributions to climate goals?
- LAVA contributes to climate goals by enabling zero-emission electricity generation, replacing fossil fuel-based industrial heating systems, and enhancing renewable energy reliability through long-duration storage.
- What was a significant news event for LAVA in March 2024?
- In March 2024, the NGIF accelerator announced its support for the development of LAVA's isothermal heat engine, which turns waste heat into zero-emission electricity.
Sectors & technology
Primary sector
Energy Tech
Sub-sectors
Climate TechClean Industry Tech Eco-Efficient ManufacturingEnergy TransitionEco-Efficient Energy StorageClean Energy GenerationEnergy TechEnergy Production & SourcesEnergy Management & Grid Integration
Target customers
Industrial ManufacturingProcess IndustriesCementMetal FabricationHybrid IndustriesMetalsMiningManufacturing FacilitiesEnterprise & Professional ServicesITData CentersEnergy, Utilities & Waste ManagementRenewable Energy SystemsSolar
Business model
B2B
Highlights
Climate Tech1 PatentsVerified
Tags
clean-manufacturingenergy-storageclimate-techheat-enginerenewable-energyelectric-utilitiesenergytechmanufacturing-facilitiesgas-utilities