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

EVOLOH, a promising cleantech startup, has announced the successful raising of $20 million in funding. The company plans to use the funds to further develop its innovative solution for clean and cost-effective hydrogen production.

EVOLOH was established in 2020 and is based in California, specializing in the manufacturing of high-performance electrolyzer stacks. The company’s platform, Nautilus, utilizes liquid alkaline technology to reduce costs and technical risks while using common materials like steel, plastic, and aluminum instead of precious metals or rare earth materials. With this approach, EVOLOH aims to make hydrogen production more accessible and affordable. Their manufacturing facility is expected to 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, founder and CEO of EVOLOH, believes that this funding 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

By Samantha Johnson

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