Ionomr closes USD 20 million Series A-4 financing with broad industry participation

Ionomr Innovations has closed a USD 20 million Series A-4 funding round with returning lead investors NGIF Cleantech Ventures and Pallasite Ventures, supported by Shell Ventures, Chevron Technology Ventures and Finindus, and joined by Bekaert, Asahi Kasei, Samsung Ventures and SAIC Capital.

The funding will allow Ionomr to further scale its ion-exchange membranes and polymers, Aemion® and Pemion®, which are fundamental to accelerating the hydrogen economy  from production of hydrogen gas and chemicals through electrolysis to efficient use of hydrogen in fuel cells. Ionomr’s materials can make more efficient, cost-competitive solutions possible, including eliminating expensive precious metal requirements from hydrogen production, CO₂ electrolysis and supporting higher-temperature fuel cell solutions.

“We are delighted to receive the financial support of industry players that represent the full spectrum of the hydrogen ecosystem,” said Bill Haberlin, CEO of Ionomr Innovations. “The participation of leaders across our industry underscores that Ionomr is delivering proven competitive advantages to our customers and their system users. It reinforces that Ionomr’s Aemion® is a viable solution for improving the economics in the hydrogen economy and that Ionomr’s Pemion® enables higher-temperature operation, essential for fuel cells in next-generation heavy-duty transportation to succeed, while eliminating toxic ‘forever chemicals’.”

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