MKUL Profile
Molekule Group Inc. (MKUL) is a US-based company that develops and sells air purifiers and related products. The company was founded in 2014 and is headquartered in San Francisco, California. Molekule’s air purifiers use a patented technology called PECO (Photo Electrochemical Oxidation) that claims to destroy pollutants at a molecular level, instead of just capturing them like traditional HEPA filters.
Molekule offers a range of air purifiers for various room sizes, including the Air Mini, Air, Air Pro RX, and Air Pro RX Plus. In addition to its air purifiers, the company also offers a range of air filters and accessories.
Molekule's products have received recognition from several publications, including Time Magazine, Forbes, and Wired. The company has also been recognized by the Environmental Protection Agency (EPA) for its work in reducing indoor air pollution.
Molekule went public in July 2021 through a merger with a special purpose acquisition company (SPAC) called Spring Valley Acquisition Corp. The combined company is listed on the NASDAQ stock exchange under the ticker symbol MKUL.
As of September 2021, Molekule has a market capitalization of around $1.4 billion. The company's revenue for the first half of 2021 was $38 million, up from $21 million in the same period in 2020.
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