Reservoir raises $8M to scale its in-house water-heater installation model
The Formlabs veteran is pairing predictive heat-pump hardware with an in-house plumbing crew to reach homeowners and, eventually, utilities.
By RuntimeWire Staff · Published
Primary source: TechCrunch
Why it matters
Reservoir is betting that climate hardware wins through service and distribution as much as efficiency. Owning installation gives it customer access and operating data, but adds labor and geographic complexity before grid revenue is proven.
Reservoir, the Boston water-heater maker founded by Luke Winston-Almanzar, Gabriel Parisi-Amon and Jake Felser, raised an $8 million seed round led by Asymmetric Capital Partners, according to TechCrunch's August 12th report.…
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