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

EVOLOH, a promising cleantech startup, has announced that it has successfully raised $20 million in funding. Based in California, the company specializes in manufacturing high-performance electrolyzer stacks that are vital components of hydrogen production.

Founded in 2020, EVOLOH’s platform, Nautilus, utilizes liquid alkaline technology to reduce costs and technical risks. By using common materials like steel, plastic, and aluminum instead of precious metals or rare earth materials, the company aims to make hydrogen production more affordable. The manufacturing facility will significantly reduce capital investment and footprint by 80%.

With the new funding round, 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, 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.

In conclusion, EVOLOH’s innovative approach to hydrogen production through efficient electrolyzer technology has attracted significant investment from venture capitalists who see its potential to revolutionize the industry. With this new funding round underway, EVOLOH is poised for growth as it continues to refine its technology while making hydrogen production more accessible and affordable for all.

By Sophia Gonzalez

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