Montana Technologies today announced commitments by third parties to invest in excess of $50 million led by Carrier and Rice Investment Group. The private capital commitments are expected to satisfy the minimum cash condition and clear the way for Montana’s planned business combination with Power & Digital Infrastructure Acquisition II. The SPAC’s shareholders are set to vote on the deal March 12.
Montana Technologies’ signature offering is AirJoule, a renewable energy and cooling technology. Read more.
