VEIR develops superconducting power transmission lines using high-temperature superconductors and ambient-air cooling to carry significantly more electricity in a smaller footprint. The lines can transmit 5 to 10 times more power than conventional cables, enabling dense urban grids and easier integration of renewables, data centers, and other high-demand facilities. It works by HTS materials reducing electrical resistance and an air-cooled system that maintains superconductivity without bulky cryogenics. The goal is to expand grid capacity with scalable, cost-efficient, and reliable infrastructure for urban loads and regional upgrades, differentiating itself with compact, air-cooled HTS cables.
Company Size
51-200
Company Stage
Series C
Total Funding
$227.1M
Headquarters
Woburn, Massachusetts
Founded
2019
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