# Montana Technologies secures $10M investment from Rice Investment Group

Montana Technologies announced a $10 million investment from Rice Investment Group as part of a private capital consortium led by Carrier Ventures, to accelerate commercialization of its AirJoule HVAC system. The investment supports Montana's business combination with Power & Digital Infrastructure Acquisition II.

- Type: Investment
- Announced: 2024-02-20
- Where: United States
- Value: $10.0M
- Status: announced
- Products: AirJoule HVAC system
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Montana Technologies](https://endata.com/companies/70669.md)
- [Rice Investment Group](https://endata.com/companies/75754.md) (investor)
- [Carrier Ventures](https://endata.com/companies/75755.md) (investor)

## Sources

- [news.spacconference.com](https://news.spacconference.com/2024/02/20/montana-technologies-secures-10m-investment-to-support-power-digital-infrastructure-ii-deal/), 2024-02-20: "The investment from Rice will accelerate the commercialization of Montana’s patented AirJoule® system."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.