Jetson (also referred to as Jetson Home) is a Canadian home electrification company headquartered in North Vancouver, British Columbia, with operations in the United States. Founded in 2024, the company sells, installs, and services all-electric heat pump systems for residential customers, using a vertically integrated model that combines proprietary hardware, software, remote assessments, rebate management, and in-house installation. Jetson operates in British Columbia, Colorado, Massachusetts, and New York. The company has raised US$55 million in total funding as of January 2026.[1]
History
Jetson was founded in 2024 by Stephen Lake, Matthew Bailey, Aaron Grant, and other former members of the leadership team at North Inc. (formerly Thalmic Labs), a Canadian wearable technology company that was acquired by Google in 2020.[2] Lake, a mechatronics engineering graduate from the University of Waterloo, had co-founded Thalmic Labs in 2012 with two classmates. The company later rebranded as North and developed the Myo armband and Focals prescription smart glasses before being acquired by Google for an undisclosed sum; The Globe and Mail reported an unconfirmed figure of approximately US$180 million.[3] Following the acquisition, the leadership team worked within Google's augmented reality division in Kitchener, Ontario, before leaving to start Jetson.[4]
Lake has said that after leaving Google, he spent time advising early-stage climate-focused companies through the Creative Destruction Lab in Vancouver, where he identified residential heating as an area with low adoption of cleaner technologies despite the availability of heat pump technology.[5] According to the Canada Energy Regulator, energy used for heating residential and commercial buildings accounts for 16 percent of all energy used in Canada and 13 percent of greenhouse gas emissions. In the United States, approximately 46 percent of households rely on gas furnaces as their primary heating source.[6]
Jetson began installing heat pumps in British Columbia and Colorado in mid-2024.[7] In September 2025, the company launched its own proprietary heat pump system, Jetson Air, and announced expansion into Massachusetts and New York.[8]
Products and Services
Jetson's principal product is Jetson Air, a central heat pump system designed to replace gas furnaces by heating and cooling residential homes through existing ductwork. The system operates at temperatures as low as −30 °C (−22 °F) and includes integrated sensors that monitor air quality, refrigerant levels, air flow, and filter status. The system connects to a mobile application that provides real-time performance alerts and energy-use data.[9]
The company's business model is vertically integrated: Jetson designs its hardware and software, conducts remote assessments to generate instant online quotes, manages permit and government rebate applications, and employs its own technicians to carry out installation. The company states that this approach reduces installation costs by 30 to 50 percent compared with traditional HVAC contractors, with an average system cost of approximately US$15,000 before applicable incentives.[10] Jetson also offers Jetson Care, a subscription service providing ongoing remote monitoring, maintenance, and an annual check-up under a ten-year warranty.[11]
As of early 2026, Jetson planned to expand its product range to include home electric vehicle chargers and heat pump water heaters.[12]
Funding and Financials
In 2024, Jetson raised a US$5 million seed round led by Active Impact Investments, a Vancouver-based climate-technology venture fund, with participation from Garage Capital.[13]
In January 2026, the company announced a US$50 million Series A round led by Eclipse, a Silicon Valley-based venture capital firm, with participation from 8VC, Activate Capital, and returning investors Garage Capital and Active Impact.[14] According to The Globe and Mail, Jetson was generating more than CAD$4 million in monthly revenue at the time of the Series A announcement.[15] The company had installed over 1,000 systems by that date.[16] Total disclosed funding as of January 2026 stands at US$55 million.
Reception
In October 2025, TIME magazine included Jetson Air on its annual Best Inventions of 2025 list, citing the company's use of remote project assessments and single-day installation as approaches that address barriers to heat pump adoption.[17] The same month, TIME named Jetson CEO Stephen Lake to its TIME100 Climate list of business leaders accelerating the transition to a low-carbon economy.[18]
Jetson was featured in BetaKit's 2025 "Most Ambitious" editorial issue for its goal of accelerating residential home electrification.[19]
The Globe and Mail profiled the company in November 2024, describing Jetson's ambition to displace gas furnaces across North America [20]
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