Pajarito Powder is a materials science company that develops and commercializes advanced electrocatalysts and catalyst supports for PEM fuel cells and electrolyzers. The Albuquerque, New Mexico–based firm manufactures a range of products including Platinum Group Metal (PGM) catalysts, Engineered Catalyst Supports (ECS), Engineered Electrolyzer Catalysts (EEC) and Precious Metal Free (PMF) catalysts using its own IP and licensed technology from the University of New Mexico, Los Alamos National Laboratory and Institut National de la Recherche Scientifique. The company is venture-backed by NV Bekaert SA, Hyundai Motor Company, Verge Fund, Omphalos Venture Partners and other private investors, and has received support from the U.S. Department of Energy and New Mexico state agencies. Pajarito’s technology targets improved performance and lower costs for electrolyzers and fuel cells to enable growth in the hydrogen economy. The company plans to use the recent strategic investment to advance its technology, deepen customer partnerships and grow its business, including work on mesoporous carbon for new applications. Pajarito partners with strategic investors and expects to engage in joint development efforts with industrial partners to scale materials and manufacturing. Pajarito Powder develops and commercializes advanced electrocatalysts for fuel cells and electrolyzers. The company manufactures a range of catalyst products using its own intellectual property and IP licensed from the University of New Mexico, Los Alamos National Laboratory, and Institut National de la Recherche Scientifique. Coverage identifies the company as U.S.-based and reports from Albuquerque, NM. The firm focuses on both development and commercialization of catalyst technologies. The article reports a Series B investment from Hyundai Motor Company. No revenue, user metrics, or funding amount are disclosed in the article.

Total raised

$5M

Funding rounds

2

Latest round

Equity

Latest activity

Jul 2024