Malta Inc
Cambridge, US · Founded 2018 · Delaware corporation · 516 employees on LinkedIn · 3 known investors
Find your way into Malta Inc
438 people in our graph share verified history with the Malta Inc team — schools, employers, funds. One of them is your warm intro.
Will Reedunlockedknows Ramya Swaminathan · together at Amherst College
×9knows the team · via Amherst College
knows the team · via U.S. Department of Commerce
knows the team · via Export-Import Bank of the United States
Malta Inc. develops a steam-based ultra-high temperature heat pump that delivers 300–550°C process heat for industrial decarbonization and serves as the core technology for its utility-scale long-duration energy storage system. It targets heavy industry and energy infrastructure, including chemicals, iron and steel, refining, and power generation.
Founders & leadership
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Phil DellevilleinPresident and CEOPhil Delleville is Executive Officer and Director at Malta Inc., which develops steam-based ultra-high temperature heat pumps for industrial decarbonization and long-duration energy storage. He brings experience in general management, manufacturing, operations, business restructuring, and international expansion across energy services and heavy industry sectors.
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Ramya SwaminathaninBoard Member, Senior Advisor2024–2025Ramya Swaminathan led the spin-out of Malta Inc from X, Alphabet's Moonshot Factory in 2018 and serves as the company's CEO. Prior to Malta, she was CEO of Rye Development, a hydropower company, and spent over a decade as an investment banker at UBS and Merrill Lynch.
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Alex SyedNamed on SEC filing
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Board
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Jesus Santos EgeaBoard director
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Gonzalo ZubiriaBoard director
Investors · 3
Reported raises · per SEC filings
Form D private placements$106.5M disclosed across 3 of 4 rounds · 2021–2025
▶$24MraisedJan 2026 · 2 investors · Other EnergyRule 506(b)
▶$24MraisedJan 2026 · 2 investors · Other Energy
Rule 506(b)Officers, directors & promoters on the filing
- Jesus Santos EgeaDirector
- Gonzalo ZubiriaDirector
- Phil DellevilleExecutive Officer, Director
- Offering amount
- $24M
- Amount sold
- $24M
- First sale
- Dec 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$21.6MraisedDec 2023 · 5 investors · Other EnergyRule 506(b)
▶$21.6MraisedDec 2023 · 5 investors · Other Energy
Rule 506(b)Officers, directors & promoters on the filing
- Ramya SwaminathanExecutive Officer, Director
- Steve HirshDirector
- Alexandra PrunerDirector
- Jeannine SargentDirector
- Alex SyedDirector
- Offering amount
- $75M
- Amount sold
- $21.6M
- First sale
- Nov 2023
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶Undisclosed amountofferedJan 2022 · 1 investors · Other EnergyRule 506(b)
▶Undisclosed amountofferedJan 2022 · 1 investors · Other Energy
Rule 506(b)Officers, directors & promoters on the filing
- Alex SyedDirector
- Ramya SwaminathanExecutive Officer, Director
- Steven HirshDirector
- Jeannine SargentDirector
- First sale
- Dec 2021
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
▶$60.9MraisedAug 2021 · 6 investors · Other EnergyRule 506(b)
▶$60.9MraisedAug 2021 · 6 investors · Other Energy
Rule 506(b)Officers, directors & promoters on the filing
- Jeannine SargentDirector
- Ramya SwaminathanExecutive Officer, Director
- Alex SyedDirector
- Steve HirshDirector
- Offering amount
- $60.9M
- Amount sold
- $60.9M
- First sale
- Feb 2021
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Founder mafia
2 people who came through Malta Inc went on to found or lead other companies.
Competitors · 3
by search overlap
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Greentownlabs4 shared keywordsGreentown Labs is a climatetech startup incubator that supports and houses early-stage entrepreneurs, connecting them with corporate partners, investors, and community resources to develop and commercialize energy and climate technologies. It operates locations in Boston and Houston in the United States.
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In the news
Frequently asked questions
- What does Malta Inc do?
- Malta Inc. develops a steam-based ultra-high temperature heat pump that delivers 300–550°C process heat for industrial decarbonization and serves as the core technology for its utility-scale long-duration energy storage system. It targets heavy industry and energy infrastructure, including chemicals, iron and steel, refining, and power generation.
- Who are Malta Inc's investors?
- Malta Inc's investors include Breakthrough Energy Ventures, Piva Capital, PETRONAS Ventures.
- How much funding has Malta Inc raised?
- Malta Inc has disclosed $106.5M raised across 3 of its 4 known rounds.
- Where is Malta Inc headquartered?
- Malta Inc is headquartered in Cambridge, US.