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MTPV

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MTPV | Designing Energy for the Future

Austin, United StatesFounded 2003Energy

Valuation $50–100M Last recorded · 2018

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About MTPV

MTPV Power Corporation specializes in converting industrial waste heat into electricity using advanced semiconductor technology. Operating in the clean energy sector, MTPV serves industries such as glass, steel, oil, gas, mining, and thermal biogas. The company's core product, the Power Platform, is designed to efficiently transform waste heat into usable electricity, thereby reducing both the amount and temperature of vented waste heat emissions. This not only generates clean power but also mitigates the environmental impact of industrial thermal emissions, contributing to the reduction of global warming and urban heat islands.

MTPV's business model revolves around the sale and implementation of its Power Platform products in industrial settings. Revenue is generated through direct sales, licensing agreements, and long-term service contracts. The company leverages its breakthrough Micron gap ThermoPhotoVoltaics (MTPV) technology, which offers a solid-state solution for heat-to-electricity conversion, akin to how solar panels convert sunlight into power.

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At a glance

Status: Closed
Founded: 2003
Headquarters: Austin, United States
Employees: 7
Open positions: None listed
Dealroom signal: 0.0/100
Industry: Energy
Sub-industry: Clean Energy
Sector: Energy, Hard Tech
Client focus: b2b
Links: Website LinkedIn X

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Funding history

7 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES C✓Equity / VC	Oct 2018	$16M	$64M	Lake Bridge Capital · LakeBridge Capital	—
SERIES B✓Equity / VC	Jun 2014	$11M	$45M	SABIC · Point Financial · Northwater Capital	—

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Growth signals

MTPV website traffic

Latest recorded traffic for MTPV is 140 monthly website visits, down 80% over the last three months. MTPV's team grew 0% over the past year.

Latest monthly visits140 3-month web change-80% 1-year team growth0%

Monthly website visitsApr 2016–Apr 2023

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