Karman Industries, Inc.

Established in 2024 and based in California, US, Karman Industries Inc. operates as a manufacturer of Thermal01 machinery to its customers to assist in removing CO2 emissions from their sites. In September 2025, Karman Industries raised USD 20 million in series A funding led by returning investor Riot Ventures, with participation from other returning investors Space. VC and Wonder Ventures.

New investor Wonder Capital, individual, and other unspecified investors also participated in the round. Thermal01 addresses the environmental and financial costs associated with traditional natural gas-powered industrial heat systems, which contribute to 20% of global greenhouse gas emissions and account for annual spending for low-temperature heat generation. The company's flagship product, the 300°C in a Box, leverages advancements from the aerospace and electric vehicle industries to provide a modular, rapidly deployable solution that eliminates onsite CO2 emissions while reducing operational costs. This system can be integrated into existing facilities within just two weeks and can retrofit current natural gas boilers to enhance redundancy and resiliency.

In January 2025, Karman Industries raised USD 7. 5 million in venture funding from 8090 Industries, Wonder Ventures, Riot Ventures, and Space VC. The company will use the funding to scale operations, develop electric heat pump technology, and expand efforts to reduce greenhouse gas emissions.