
Loto Labs
The makers of the world's first induction vaporizer.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor | €0.0 | round |
N/A | €0.0 | round | |
N/A | $1.8m | Early VC | |
Total Funding | 000k |
Loto Labs, Inc. was established in Silicon Valley in 2014, emerging from a collaboration between Dr. Andrew Bleloch, a physicist with a PhD from the University of Cambridge, and Neeraj Bhardwaj, a serial entrepreneur with a background in sales and business development. Dr. Bleloch previously co-founded Halcyon Molecular, a firm focused on DNA manipulation technology, while Bhardwaj held business development roles at companies like National Semiconductor. The company was founded to develop and market vaporizers using a patented magnetic induction heating technology.
The company's core business revolves around the design and sale of desktop vaporizers for cannabis concentrates. Its business model is centered on direct-to-consumer sales of its hardware products. Loto Labs' key technological differentiator is its use of magnetic induction, which heats materials through an electromagnet and an electronic oscillator. This method is designed to heat concentrates rapidly and evenly without direct contact between the material and a heating element, which the company states results in a cleaner and more efficient vaporization process compared to traditional conduction or convection methods.
Loto Labs launched its first product, originally named Evoke and later Lux, through a crowdfunding campaign on Indiegogo in 2014. This initial product was designed as a portable vaporizer for oils, waxes, e-liquids, and dry herbs, featuring a wooden pipe-like design and Bluetooth connectivity for smartphone-based customization. Subsequently, the company released the Loto Legend, a desktop vaporizer specifically for concentrates, which became its flagship product. The Legend features an all-glass vapor path, multiple temperature settings, and is constructed from materials including stainless steel, anodized aluminum, and hand-blown glass. The device operates by heating a metal susceptor via magnetic induction, upon which the user places the concentrate to be vaporized.
Keywords: magnetic induction, vaporizer, cannabis concentrates, desktop vaporizer, direct-to-consumer, hardware, consumer electronics, dab rig, vaporization technology, e-rig