Quilt rides heat pump heat wave with hefty $33M Series A [TechCrunch]
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Source: TechCrunch
Heat pumps are having a bit of a moment. They outsold gas furnaces for the second year running, and homeowners who install them are eligible for thousands in incentives under the Inflation Reduction Act . But they're not growing quite as fast as they perhaps could be. Getting consumers to adopt new technology isn't always easy, especially when it's something as fundamental as heating and cooling. Consumer hesitancy has been on the top of Paul Lambert's mind as he navigates bringing Quilt 's new heat pump to market. “No matter where someone is coming from today, what situation they're in, we want them to feel like they're upgrading,” Lambert, co-founder and CEO of the startup, told TechCrunch. Heat pumps are just different enough from existing heating and air conditioning setups to give many consumers pause. Some of it is the design: The most common installations use mini-splits on the inside of the house, which are basically big plastic appliances that hang high on the wall. No
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