Mojave wants to make air conditioning more sustainable. Check out the 12-slide pitch deck it used to raise a $12.5 million seed round.

A startup making air conditioning systems more efficient has just raised a $12.5 million seed round co-led by VC funds At One Ventures and Fifth Wall, which invests in real estate tech. 

California-based Mojave has developed an air conditioning system that uses 50% less energy and 20% less refrigerant than existing systems, it claims. That means, in the face of rising temperatures, homes and offices can be cooled with less of an impact on the environment.