AirJoule Technologies Corporation announced on April 24, 2025, that it has entered into subscription agreements to issue approximately $15 million in common stock through a private placement. This PIPE offering was anchored by GE Vernova, a significant strategic partner, along with participation from other investors.
The proceeds from this investment are designated to accelerate the commercialization of AirJoule® technology. This capital infusion strengthens the company's financial position as it moves towards scaling its innovative water harvesting solutions.
The investment also reinforces the collaboration between AirJoule Technologies and GE Vernova on waste heat-to-water projects. These projects target industrial activities such as data centers, power generation, and advanced manufacturing, leveraging AirJoule®'s efficiency in these sectors.
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