Alum heat pump company Jetson secures backing to fuel growth
A company launched in 2024 by three Waterloo Engineering graduates has secured US $50 million in backing to help drive a move away from residential gas furnaces to its all-electric, smart heat pumps.
Vancouver-based Jetson, which was started by experienced technology entrepreneurs Stephen Lake, Matthew Bailey and Aaron Grant (all BASc ’12, mechatronics engineering), announced the funding infusion this week as it sets its sights on transforming the home heating and cooling industry in North America.