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Beating the heat without warming the planet 

Evercloak raises $2 million to scale production of its first clean-tech product

There’s an irony to air conditioning.  

Traditional air conditioners condense water out of the air, a very energy-intensive process which pumps greenhouse gases into the environment. So, as we cool our indoors, we heat the climate even more.  

Velocity-based company Evercloak can break this cycle. The clean-tech startup has raised $2 million from Bioindustrial Innovation Canada, Greensoil Proptech Ventures, GroundBreak Ventures, Ontario Centre for Innovation (OCI) and angel investors.  

“Everyone has experienced the effects of the warming climate and I’m so excited that Evercloak can really have an impact on how people are cooling their homes and workplaces,” says Evelyn Allen, co-founder and CEO (pictured below, right). “We can support integration of new technologies that remove humidity out of indoor spaces much more efficiently than traditional methods.”

On the left: Dr. Michael Pope, co-founder and chief science officer of Evercloak. On the right is Evelyn Allen, CEO and co-founder. They are in standing in the Velocity incubator with the University of Waterloo and Velocity logos in the background.

Evercloak’s technology was created out of University of Waterloo research led by Evercloak’s co-founder and chief scientific officer, Dr. Michael Pope (pictured above left).

Read full story on Waterloo News