EVOLOH, a Clean Technology Startup, Secures $20 Million Funding for Affordable Clean Hydrogen Technology

Revolutionizing Hydrogen Production: EVOLOH Secures $20 Million in Funding for Innovative Electrolyzer Technology

EVOLOH, a startup focused on clean technology, has announced that it successfully raised $20 million in funding. The company plans to use the proceeds to further develop its innovative solution for efficient and low-cost clean hydrogen production.

EVOLOH was established in 2020 and is based in California. The company specializes in manufacturing high-performance electrolyzer stacks, which are essential components of hydrogen production. Its platform, Nautilus, uses liquid alkaline technology to reduce costs and technical risks. By utilizing common materials like steel, plastic, and aluminum instead of precious metals or rare earth materials, EVOLOH aims to make hydrogen production more affordable. The manufacturing facility is expected to reduce capital investment and footprint by 80%.

With the new funding, EVOLOH intends to enhance its manufacturing technology and introduce new features for its Nautilus solution. Dr. Jimmy Rojas, the founder and CEO of EVOLOH, believes that this funding round will position the company as a leader in electrolyzer manufacturing by producing cost-effective and efficient hardware using local supply chains.

The funding was led by Engine Ventures, with participation from investors such as NextEra Energy Resources and 3M Ventures. Katie Rae, the CEO and Managing Partner at Engine Ventures, sees EVOLOH as having significant potential to revolutionize electrolyzer technology and manufacturing processes within the cleantech sector. She praises the company’s founding team and early partnerships, indicating that EVOLOH is a valuable addition to Engine Ventures’ portfolio of cleantech and advanced manufacturing companies.

Leave a Reply

Bango honors champions of Racine Elementary School’s Fresh Air Science Fair Previous post Julian Thomas Elementary School Students Showcase Their Scientific Skills at Fresh Air Science Fair: Award Assembly Celebrates Outstanding Performance
Owners of Gamma Healthcare Settle False Claims Act Allegations Next post Gamma Healthcare and Owners Settle with DOJ for $13.6 Million over False Claims Act Violations and Agree to 15-Year Exclusion from Federal Health Care Programs.