{"id":7546,"date":"2023-07-31T16:58:48","date_gmt":"2023-07-31T16:58:48","guid":{"rendered":"https:\/\/founderlodge.com\/latest-news\/?p=7546"},"modified":"2023-07-31T16:58:49","modified_gmt":"2023-07-31T16:58:49","slug":"veir-raises-24-9-million-in-series-a-funding-to-revolutionize-high-temperature-superconductor-based-transmission-lines","status":"publish","type":"post","link":"https:\/\/founderlodge.com\/latest-news\/veir-raises-24-9-million-in-series-a-funding-to-revolutionize-high-temperature-superconductor-based-transmission-lines\/","title":{"rendered":"VEIR Raises $24.9 Million in Series A Funding to Revolutionize High-Temperature Superconductor-based Transmission Lines"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/07\/image-324.png\" alt=\"\" class=\"wp-image-7547\" width=\"96\" height=\"96\" srcset=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/07\/image-324.png 200w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/07\/image-324-150x150.png 150w\" sizes=\"(max-width: 96px) 100vw, 96px\" \/><\/figure>\n\n\n\n<p>Woburn, Massachusetts &#8211; <a href=\"https:\/\/veir.com\/\">VEIR<\/a>, a cutting-edge technology company specializing in the development of High-Temperature Superconductor (HTS)-based transmission lines, announced today the successful closure of its Series A funding round, securing a total of $24.9 million in investments. The funding was led by prominent investors, including <a href=\"https:\/\/breakthroughenergy.org\/\">Breakthrough Energy<\/a>, <a href=\"https:\/\/engine.xyz\/\">The Engine<\/a>, <a href=\"https:\/\/finestructure.vc\/\">Fine Structure Ventures<\/a>, <a href=\"https:\/\/congruentvc.com\/\">Congruent Ventures<\/a>, and <a href=\"https:\/\/galvanizeclimate.com\/\">Galvanize Climate Solutions<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"356\" src=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/07\/image-326-1024x356.png\" alt=\"\" class=\"wp-image-7548\" srcset=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/07\/image-326-1024x356.png 1024w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/07\/image-326-300x104.png 300w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/07\/image-326-768x267.png 768w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/07\/image-326.png 1462w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Founded by visionary entrepreneur Tim Heidel, VEIR is at the forefront of transforming the utility industry through its innovative evaporative cooling architecture. This groundbreaking technology offers an astounding 20 times the cooling power per kilogram of coolant flow compared to conventional methods. By harnessing the potential of High-Temperature Superconductors, VEIR aims to enable reliable, low-loss, and cost-effective transmission of electricity over long distances in narrow rights-of-way, connecting the most affordable renewable power to precisely where and when it is needed.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"512\" src=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/07\/image-327-1024x512.png\" alt=\"\" class=\"wp-image-7549\" srcset=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/07\/image-327-1024x512.png 1024w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/07\/image-327-300x150.png 300w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/07\/image-327-768x384.png 768w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/07\/image-327.png 1504w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The successful Series A funding will be a pivotal turning point for VEIR as it accelerates the development and commercialization of its pioneering HTS-based transmission technology. With the backing of these distinguished investors, the company is poised to realize its vision of revolutionizing the energy transmission landscape.<\/p>\n\n\n\n<p>&#8220;Securing this substantial funding marks a pivotal milestone for VEIR as we continue to push the boundaries of innovation in the utility sector,&#8221; said <a href=\"https:\/\/www.linkedin.com\/in\/timheidel\/\">Tim Heidel<\/a>, Founder and CEO of VEIR. &#8220;Our high-temperature superconductor-based transmission lines will usher in a new era of efficient and eco-friendly energy distribution, unlocking the full potential of renewable energy sources while reducing carbon emissions and ensuring a sustainable future for generations to come.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Woburn, Massachusetts &#8211; VEIR, a cutting-edge technology company specializing in the development of High-Temperature Superconductor (HTS)-based transmission lines, announced today the successful closure of its Series A funding round, securing a total of $24.9 million in investments. The funding was led by prominent investors, including Breakthrough Energy, The Engine, Fine Structure Ventures, Congruent Ventures, and [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":7550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.2.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>VEIR Raises $24.9 Million in Series A Funding<\/title>\n<meta name=\"description\" content=\"Woburn, Massachusetts - VEIR, a cutting-edge technology company specializing in the development of High-Temperature Superconductor (HTS)-based transmission lines, announced today the successful closure of its Series A funding round, securing a total of $24.9 million in investments.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/founderlodge.com\/latest-news\/veir-raises-24-9-million-in-series-a-funding-to-revolutionize-high-temperature-superconductor-based-transmission-lines\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VEIR Raises $24.9 Million in Series A Funding\" \/>\n<meta property=\"og:description\" content=\"Woburn, Massachusetts - VEIR, a cutting-edge technology company specializing in the development of High-Temperature Superconductor (HTS)-based transmission lines, announced today the successful closure of its Series A funding round, securing a total of $24.9 million in investments.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/founderlodge.com\/latest-news\/veir-raises-24-9-million-in-series-a-funding-to-revolutionize-high-temperature-superconductor-based-transmission-lines\/\" \/>\n<meta property=\"og:site_name\" content=\"Founder Lodge Latest News\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-31T16:58:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-31T16:58:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/07\/image-328.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1531\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"ucheezuma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ucheezuma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/founderlodge.com\/latest-news\/veir-raises-24-9-million-in-series-a-funding-to-revolutionize-high-temperature-superconductor-based-transmission-lines\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/founderlodge.com\/latest-news\/veir-raises-24-9-million-in-series-a-funding-to-revolutionize-high-temperature-superconductor-based-transmission-lines\/\"},\"author\":{\"name\":\"ucheezuma\",\"@id\":\"https:\/\/founderlodge.com\/latest-news\/#\/schema\/person\/2854d3c2f2bb3f7ff9ae13c649048af3\"},\"headline\":\"VEIR Raises $24.9 Million in Series A Funding to Revolutionize High-Temperature Superconductor-based Transmission Lines\",\"datePublished\":\"2023-07-31T16:58:48+00:00\",\"dateModified\":\"2023-07-31T16:58:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/founderlodge.com\/latest-news\/veir-raises-24-9-million-in-series-a-funding-to-revolutionize-high-temperature-superconductor-based-transmission-lines\/\"},\"wordCount\":266,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/founderlodge.com\/latest-news\/#organization\"},\"articleSection\":[\"Daily Startup Funding News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/founderlodge.com\/latest-news\/veir-raises-24-9-million-in-series-a-funding-to-revolutionize-high-temperature-superconductor-based-transmission-lines\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/founderlodge.com\/latest-news\/veir-raises-24-9-million-in-series-a-funding-to-revolutionize-high-temperature-superconductor-based-transmission-lines\/\",\"url\":\"https:\/\/founderlodge.com\/latest-news\/veir-raises-24-9-million-in-series-a-funding-to-revolutionize-high-temperature-superconductor-based-transmission-lines\/\",\"name\":\"VEIR Raises $24.9 Million in Series A Funding\",\"isPartOf\":{\"@id\":\"https:\/\/founderlodge.com\/latest-news\/#website\"},\"datePublished\":\"2023-07-31T16:58:48+00:00\",\"dateModified\":\"2023-07-31T16:58:49+00:00\",\"description\":\"Woburn, Massachusetts - 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