Westchester & Fairfield County Business Journals
Summary
Dandelion Energy is blooming. The company that specializes in geothermal heat pump systems has a new 31,000-square-foot headquarters and warehouse at 333 N. Bedford Road in Mount Kisco.
And it just obtained $30 million from investors, including a fund led by Bill Gates, bringing the company’s total funding to $65 million.
And the company, which has more than 100 employees, is in a hiring mode.
“We used to have a corporate headquarters in Manhattan but we don’t do any geothermal installations in Manhattan,” Dandelion Energy’s CEO Michael Sachse told the Business Journal. “We do it in Westchester, going up to Albany, going east into Connecticut.
“We really felt like the heart of our business is in Westchester so when we decided to expand our warehouse we decided to also put our corporate headquarters into Mount Kisco as well.”
Breakthrough Energy Ventures (BEV), the investment fund led by Bill Gates, has already given out $1 billion to high-tech startups and recently raised another $1 billion to invest in scientific breakthroughs that have the potential to deliver cheap and reliable clean energy to the world.
Among the other investors in BEV are former New York City mayor and presidential candidate Michael Bloomberg, Jeff Bezos of Amazon and Ben Walton whose grandfather, Sam Walton, founded Walmart.
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