Quilt

Emerging

Raised $20M Series B (Dec 2025) led by Energy Impact Partners and Galvanize Climate Solutions. ~1,000 units across 16 US states and 5 Canadian provinces. OTA software updates. Apple/Tesla/Nest design pedigree.

Smart Heat Pumps & Virtual Power Plants
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Updated April 2026

Company Overview

About Quilt

Quilt makes premium whole-home heat pumps designed by alumni of Apple, Tesla, and Nest — applying consumer hardware product excellence to HVAC systems that have historically been designed by mechanical engineers with minimal user experience investment. The company raised $20 million in Series B financing in December 2025, led by Energy Impact Partners and Galvanize Climate Solutions, with approximately 1,000 units installed across 16 US states and 5 Canadian provinces.

Business Model & Competitive Advantage

Quilt's Tesla-inspired product philosophy — treating the heat pump as a software-defined hardware product — is the primary differentiator from incumbent HVAC manufacturers like Carrier and Lennox. Quilt deploys over-the-air software updates that improve heat pump performance post-installation, incorporating operating data from the installed base to continuously optimize the thermodynamic control algorithms. This creates an improving product experience over time, opposite to traditional HVAC systems that degrade without service.

Competitive Landscape 2025–2026

The premium consumer positioning and Energy Star certification qualify Quilt installations for the Inflation Reduction Act's $2,000 heat pump tax credit, directly subsidizing adoption economics and aligning Quilt with the federal incentive structure designed to accelerate building decarbonization. Energy Impact Partners' investment connects Quilt to utility relationships that enable virtual power plant integration — aggregating Quilt heat pumps for demand response programs that provide grid services revenue.

Revenue
$20M
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Key Differentiators

Emerging Innovator

Quilt is an emerging player bringing innovative solutions to the Climate Tech market.

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