Erlangen-Nürnberg spinout Hydrogenious LOHC Technologies has added $59m to its coffers.
Hydrogenious LOHC Technologies, a Germany-based hydrogen fuel distribution technology spinout of Friedrich-Alexander-University Erlangen-Nürnberg, has raised €50m ($59m) in a funding round led by Jera Americas, a subsidiary of energy utility Jera.
The corporate and was joined by Chevron Technology Ventures, the investment arm of oil and gas supplier Chevron, fuel tank producer Royal Vopak, metal forming technology producer Winkelmann Group and mining group Anglo American Platinum (AAP)-backed AP Ventures.
The round also included Temasek, Pavilion Capital.
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Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
