hvac-financing
(2)
Coral
Coral is a New York-based climate fintech that lets HVAC and electrical contractors turn complex government and utility rebates into instant, upfront discounts at the point of sale. Its AI-powered platform verifies rebate eligibility on the spot, files the paperwork directly with programs, and advances the rebate funds - typically within one business day - so homeowners can knock thousands off a heat pump install at the kitchen table. Coral raised a $7.5M seed round in March 2026 and works with 100+ installers across the Northeast.
Samir Pendse
Samir Pendse is the co-founder and CEO of Coral, a New York-based climate fintech that turns the maddening maze of utility rebates and tax credits into instant point-of-sale discounts. His pitch is plain: most people don't want a heat pump, they want a warm house at a price they can afford. Coral advances rebate money upfront so HVAC and electrical contractors can knock thousands off the invoice at the kitchen table, then handles the paperwork with utilities behind the scenes. After a decade spanning microfinance at Accion, small-business lending strategy at Boston Consulting Group, and fintech product work, Pendse co-founded Coral in 2023 with engineer Nizar Dhamani. In March 2026 the company raised a $7.5M seed led by ResilienceVC, with strategic backing from Watsco Ventures, North America's largest HVAC distributor.