molekule vies with honeywell, dyson in $33b air purification market - personal air purifier

When he was a baby, Dilip Goswami had asthma and allergies.
After 20 years of work, his father, a mechanical engineer at the University of Florida, and senior energy researcher Yogi Goswami built a prototype of an air purifier that could ease the symptoms of dillep.
It also forms the foundation of the molecole in San Francisco --
Founded in 2014, Dilip is co-founder and CEO of the company, which competes with Honeywell and Dyson in the $33 billion air filter market.
Since its launch in May 2016, Molekule has struggled to produce enough air purifiers to meet demand.
Its $799 product (
Air filter subscriptions fee is $129 per year)
According to Fast Company, it has been sold seven times by September 2018.
Molekule is more efficient than standard particulate air (HEPA)
Filter invented in the 1940 s.
Products such as the Fast Company wroteMolekule Rao also help Japan, Singapore, Malaysia, yoga goswamis' andCOO daughter is also one of the founders of the company.
In an interview on September 11, AsRao told me, "I moved to Tampa and had a migraine.
I used the prototype developed by my father and after a week my headache disappeared.
"This summer, molecole is helping people affected by wildfires in California.
In addition, according to the San Francisco Business Journal, the company saw a market opportunity in August 2018 to reach 80 million allergic Americans and 25 million asthma patients. My math--
I multiply the total number of allergy and asthma patients by the price of molecole-
The two groups represent a $83 market.
9 billion air purifiers, another $13.
The filter 5 billion. Molekule --
$13 was raised.
According to The Crunchbase, there are 4 million people in the capital. -
Shipping started on July 2017.
As Rao said, "We have sold thousands of devices-
More than we initially thought.
To meet our demand for products that we sell directly to consumers, we have increased from 11 to 72.
We made it through our cooperation with Foxconn in China.
"The 72 people in Molekule are organized by function, and cooperation across these functions is essential.
As Rao explains, Honeywell and Dyson are both large listed companies, but their air purifier revenues are not high.
My guess is that if any of these companies acquire Molekule, they will have a lot of capital, manufacturing scale and distribution influence to increase the sales of air purifiers.