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

Revolutionizing Hydrogen Production with $20 Million Investment: EVOLOH’s High-Performance Electrolyzer Stacks

EVOLOH, a California-based cleantech startup, has recently announced that it has raised $20 million in funding. Founded in 2020, the company specializes in manufacturing high-performance electrolyzer stacks for hydrogen production. With the new capital raised, EVOLOH plans to expand its manufacturing technology and enhance the capabilities of its Nautilus solution.

The company claims that their manufacturing facility will reduce capital investment and footprint by 80%, making their electrolyzers more affordable and efficient. Dr. Jimmy Rojas, the founder and CEO of EVOLOH, expressed his excitement about the funding, stating that it positions the company as a leader in the electrolyzer manufacturing market.

The goal of EVOLOH is to transform electrolyzer stacks into affordable and efficient hardware commodities using 100% local supply chains. Their platform utilizes liquid alkaline technology to minimize costs and technical risks by using common materials like steel, plastic, and aluminum instead of precious or rare earth materials.

The funding round was led by Engine Ventures, with additional investment from NextEra Energy Resources and 3M Ventures. Katie Rae, CEO and Managing Partner at Engine Ventures praised EVOLOH for their opportunity to commercialize better and more affordable electrolyzers as well as introducing a faster and more sustainable manufacturing platform.

She noted the impressive founding team and early partnership activities of EVOLOH, making them a valuable addition to the Engine Ventures portfolio of cleantech and advanced manufacturing companies.

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