Pajarito Powder Receives New Funding From Hyundai Motor Group – Pajarito Powder
Summary
In most of our global markets, hydrogen in transportation and heavy industry is considered essential to reduce carbon emissions. Hyundai Motor Group has been investing in promising global start-ups in a drive to lead in new industries and the technologies of the future. The company is trying to identify new business opportunities and promising future technologies at the same time.The current funding completes Pajarito Powders B-3 round, led by a $4.5 million commitment from Ecovyst Catalyst Technologies Inc., a leading innovative and integrated global provider of advanced materials, including catalysts for industrial production. Pajarito Powder has been using that investment to refine its technology, deepen customer partnerships and build its hydrogen businesses. The important work of building the hydrogen economy at the ground level is continuing at a steady pace.Pajarito Powder is a world leader in the development and commercialization of advanced electrocatalysts for fuel cells and electrolyzers.