Nevoya has just secured $9.3 million in seed funding, a significant milestone as it works to build a next-generation platform for sustainable cooling. The round was led by climate-focused and forward-thinking investors including Lowercarbon Capital, Floating Point, LMNT Ventures, Third Sphere, Stepchange, Never Lift, and angel investor.

Founded by Sami Khan, Nevoya is taking on one of the most energy-intensive and overlooked segments of infrastructure: cooling systems. With climate change intensifying and global energy demands surging, Nevoya’s mission has never been more urgent - or more valuable.

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Tackling the Cooling Crisis with Modern Tech

Cooling infrastructure - from HVAC systems in buildings to industrial refrigeration - currently consumes over 10% of global electricity. Most systems are outdated, inefficient, and heavily reliant on refrigerants with high global warming potential (GWP).

Nevoya is building smarter, cleaner, and more climate-aligned cooling systems for commercial and industrial use. Though the company has kept product details under wraps, it’s positioned itself as a platform-layer company - developing integrated cooling solutions that are modular, energy-efficient, and digitally optimized.

Think of Nevoya as the "Nvidia for cooling" - building both the hardware and software stack to modernize an antiquated, high-emission sector.

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Why It Matters Now

The need for cooling is growing exponentially. As global temperatures rise, the demand for cooling is expected to triple by 2050, according to the International Energy Agency (IEA). Yet most cooling systems today are dirty, wasteful, and poorly integrated with clean energy sources.

Nevoya is solving this problem not by building another AC unit - but by reimagining cooling as infrastructure. The company is creating a new category of climate tech: decentralized cooling that’s scalable, efficient, and sustainable.

And here’s the real lesson for founders building in frontier markets: the future isn’t just about building better products - it’s about reframing the system you’re plugging into. Nevoya isn’t positioning itself as a product to be installed, but as an infrastructure layer that other products will rely on. That shift - from component to core utility - is what drives platform leverage.

When you build something critical that becomes invisible once deployed, you tap into high retention, low churn, and defensibility that’s baked into operations - not marketing. This is how utility-grade companies are born: not by chasing end users, but by becoming the default layer beneath their workflows.

For early-stage climate or infrastructure founders, this approach isn’t just strategic - it’s survivable. It aligns your growth with unavoidable global needs, regulatory momentum, and massive downstream demand from other builders who need your system to scale their own.

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Climate-First Investors Get Behind the Vision

Nevoya’s backers include some of the most respected names in climate, deeptech, and platform infrastructure:

• Lowercarbon Capital, known for investing in moonshots tackling planetary risk
  
• Floating Point, a fund that thrives at the intersection of atoms and bits
  
• LMNT Ventures and Third Sphere, both deeply embedded in sustainability ecosystems
  
• Stepchange and Never Lift, rising stars in early-stage hardtech funding
  
• Qasar Younis, CEO of Applied Intuition and former Y Combinator partner, who adds operational depth and scaling insight
  

This syndicate reflects not just capital support - but strategic alignment across climate policy, infrastructure deployment, and industrial scaling.

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Sami Khan’s Bold Bet on Infrastructure

Sami Khan, the founder and CEO of Nevoya, previously held product and technical roles at infrastructure-forward companies. Now, he’s channeling that experience into one of the most pressing problems of the century: cooling the planet - literally.

While the product roadmap remains stealthy, Khan has teased a platform-centric approach that abstracts complexity for users but optimizes deeply under the hood. His leadership style reflects first-principles thinking, a trait shared by many climate tech builders now disrupting legacy systems.

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Industry Outlook: Cooling is a $380B Market - and Growing

The global cooling market - including air conditioning, refrigeration, and industrial systems - is projected to exceed $380 billion by 2032, growing at 6.1% CAGR (Source: Allied Market Research).

Regulatory mandates are accelerating the shift to low-emission refrigerants, and energy efficiency standards are tightening globally. Meanwhile, data centers, cold chain logistics, and battery manufacturing are driving entirely new cooling needs that existing systems can’t meet.

This presents a massive opportunity for startups like Nevoya to leapfrog incumbents with clean, connected, and modular infrastructure.

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What’s Next for Nevoya

With its $9.3 million seed round secured, Nevoya is expected to ramp up R&D, expand its team, and begin commercial pilots in high-demand sectors. Focus areas likely include:

• Warehousing and logistics hubs
  
• EV battery manufacturing and thermal management
  
• Grid-integrated cooling nodes for urban areas
  

The company is also exploring how to integrate its cooling systems with renewable energy sources and potentially offer cooling-as-a-service (CaaS) models for enterprise clients.

As climate tech continues to mature, Nevoya stands at the intersection of hardware, software, and sustainability - quietly building the rails for a cooler, cleaner future.