pre-seed investment Round

refrigerant-free heat pump technology thermal change without climate change

Most people have never heard of refrigerants. They probably should have — many are thousands of times more potent than CO₂. Hidden inside almost every thermal system on the planet, many are among the most potent greenhouse gases in existence — a fundamental flaw at the heart of a multi-billion dollar industry.

The refrigerant problem isn't only a climate problem. Every refrigerant-based system in the world traces back to a narrow base of chemical manufacturers and a finite mineral supply chain — a structural dependency hiding in plain sight. Governments, defence operators and critical infrastructure managers are beginning to recognise refrigerant dependency for what it is — an energy security vulnerability embedded in their most essential facilities.

Governments worldwide are investing billions subsidising refrigerant-based heat pumps. Better than burning fossil fuels — but the refrigerants used carry significant Global Warming Potential (GWP), making today's climate solution part of tomorrow's problem. This makes them an improvement, but not the endpoint. Truly sustainable heating and cooling requires a step beyond incremental change. Refrigerant-free technology isn't just a compelling commercial opportunity — it's a global necessity.

The world is aware of the problem. The commercial opportunity for whoever solves it is enormous...

We've solved it. Our patented, refrigerant-free heat pump is a masterstroke in technological advancement — delivering high performance heating and cooling with zero global warming potential. Modular, scaleable, and cascadable, units combine to unlock performance levels and applications no competitor can touch. We're not waiting for the future — we're leading it.

Once in a generation, a technology arrives that doesn't just improve an industry — it makes the old way unthinkable. For a USD$520+ billion market built on a fundamentally flawed foundation, that moment is now. For the investor who recognises it early — whether drawn by the climate case, the energy security case, or both — the opportunity is as rare as the technology itself.

Friends and Family Investment round

We are offering early investors a stake in a climate deep-technology company before our formal Seed Round. This is an invitation to invest in the earliest and most rewarding stage of what we believe will become a transformational global business.

The problem we are solving

We have developed and patented a fundamentally different approach to heat pump technology — one that operates without synthetic refrigerants entirely. Our system has demonstrated the ability to operate across an extraordinary temperature range of -40°C to +120°C, significantly exceeding the performance envelope of conventional refrigerant-based systems.

We are currently advancing the technology through a formal research collaboration with the University of Canterbury (UC), focused on a direct electric drive system that will dramatically improve efficiency — further widening the performance gap with conventional competitors.

Conventional heat pumps rely on synthetic refrigerants — chemicals that are hundreds to thousands of times more potent as greenhouse gases than CO₂. Global regulators are now moving swiftly to phase them out under the Kigali Amendment to the Montreal Protocol, creating an urgent gap in a global heating and cooling market worth over $451B USD in directly addressable segments alone.

At the same time, the heat pump market is experiencing extraordinary growth. Governments worldwide are mandating the replacement of fossil-fuel systems, and industrial operators face increasing pressure to decarbonise process heat — one of the hardest sectors to clean up.

The result is a perfect storm: enormous and growing demand for heat pump technology, combined with a regulatory mandate to eliminate the chemicals that make current systems work. The company that solves this problem stands to capture a significant share of a US$520B+ global market.

Market opportunity

The global heating and cooling industry is undergoing its most significant transformation in a century. Driven by decarbonisation mandates and the accelerating phase-out of synthetic refrigerants under the Kigali Amendment, the market is not simply growing — it is being structurally disrupted. Our technology sits at the centre of that disruption — across a directly addressable market of $451B USD today, growing to over $700B by 2030.

Our solution

The investment structure

This round is structured as a SAFE (Simple Agreement for Future Equity) — the most founder- and investor-friendly structure available for early-stage investment. Here is what that means in plain language:

illustrative investor returns

The following figures are purely illustrative and based on the cap table model provided separately. They assume a conservative case exit at $2B NZD, a base case at $3.5B NZD, and a bull case at $5B NZD — all on a consistent 10-year horizon with Seed at Year 2, Series A at Year 4, Series B at Year 6, and Series C at Year 8. All three scenarios are supported by comparable climate tech transactions globally and the scale of a USD$451B+ directly addressable market. These are not guarantees.

environmental impact — profit with purpose

This is not only a financial opportunity. It is a chance to back technology that will materially reduce global greenhouse gas emissions at a scale that very few investments can claim. For investors with ESG commitments, net-zero targets, or simply a desire to do well by doing good — the environmental case here is as compelling as the financial one.

Synthetic refrigerants — the HFCs and HCFCs used in virtually every heat pump, air conditioner, refrigerator, and cold chain system on earth — are among the most potent greenhouse gases in existence. A single kilogram of the most common refrigerant, R-410A, has a Global Warming Potential (GWP) of approximately 2,088. That means one kilogram leaked into the atmosphere is the climate equivalent of over two tonnes of CO₂. Next-generation HFO refrigerants reduce GWP, but introduce new risks: flammability, persistent TFA (trifluoroacetic acid) pollution — now under regulatory scrutiny. Meanwhile, compliance burdens and supply chain complexity remain. A stopgap, not a future-proof solution.

Across the global installed base of cooling and heating equipment, refrigerant leakage is estimated to contribute up to 10% of total global greenhouse gas emissions — making it one of the single largest contributors to climate change, and one of the least visible. The Kigali Amendment to the Montreal Protocol commits 197 countries to phasing out HFCs, but the transition is constrained by the absence of a truly viable, scalable alternative.

Our technology does not offer a better refrigerant. It eliminates the need for synthetic refrigerants entirely. That is the difference between incremental improvement and structural transformation.

The refrigerant phase-out is the most significant mandated technology transition in the heating and cooling industry since the shift from CFCs in the 1990s. That transition created enormous value for companies positioned on the right side of it. This one is larger, faster, and driven by a more urgent climate imperative. An investment in this company is an investment in a world that heats and cools itself without poisoning the atmosphere. The financial returns are compelling. The environmental returns are generational.

Important considerations

The path forward

Your investment joins a clear, milestone-driven commercialisation pathway across a 10-year horizon — from working prototype today to global market leadership:

An invitation

This is a rare moment. The technology works. The patent is filed. The market is moving in our direction. And we are at the stage where the right early investors can participate at the most attractive possible terms — before institutional capital sets the price.

We believe this technology will change how the world heats and cools itself. The refrigerant phase-out is not a distant policy — it is happening now, and our patented technology is the most defensible solution. We are offering this opportunity to a small number of people we trust before we take it to the world. The upside is real — $2B to $5B NZD in 10 years across three credible scenarios, underpinned by a $451B+ directly addressable global market and the same foundational IP. The technology works. The market is moving. If you would like to be part of it, please reach out directly.

Once in a generation, a technology arrives that doesn’t just improve an industry — it makes the old way unthinkable. For a USD$520+ billion market built on a fundamentally flawed foundation, that moment is now — The technology works. The patent is filed. The market is moving in our direction. And we are at the stage where the right early investors can participate at the most attractive possible terms — before institutional capital sets the price.

We believe this technology will change how the world heats and cools itself. The refrigerant phase-out is not a distant policy — it is happening now, and our patented technology is the most defensible solution. We are offering this opportunity to a small number of people we trust before we take it to the world.

The upside is real — $2B to $5B NZD in 10 years across three credible scenarios, underpinned by a $451B+ directly addressable global market and the same foundational IP. The technology works. The market is moving. For the investor who recognises it early — whether drawn by the climate case, the energy security case, or both — the opportunity is as rare as the technology itself. If you would like to be part of it, please reach out directly.