EVOLOH, a Cleantech startup, has successfully raised $20 million in funding. The company plans to use the proceeds to further develop its innovative solution for the efficient and inexpensive production of pure hydrogen.

Founded in 2020, EVOLOH is based in California and specializes in the production of high-performance electrolyzers, which are essential components of hydrogen production. The company’s platform, Nautilus, uses liquid alkaline technology to reduce costs and technical risks. By using common materials such as steel, plastic and aluminum instead of precious metals or rare earth materials, EVOLOH aims to make hydrogen production more affordable. They claim their manufacturing facility will reduce capital investment and footprint by 80%.

With the new funding, EVOLOH intends to improve its production technology and introduce new features for its Nautilus solution. Dr. Jimmy Rojas, founder and CEO of EVOLOH, believes this round of 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 in 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 clean technology and advanced manufacturing companies.

By Samantha Johnson

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