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Energy Tech Series B Founded 2012

Pajarito Powder

Pajarito Powder manufactures advanced catalysts for fuel cells and electrolyzer applications, developing and producing catalyst products using proprietary intellectual property. These catalysts optimize systems for cleaner, more sustainable energy applications. Founded in 2012 and headquartered in Albuquerque, United States, Pajarito Powder has raised approximately $14.8M in Series B funding from investors including…

📍 Albuquerque, United States · Energy Storage Tech,

Funding snapshot

Last roundSeries B
Amount$8M
Date30 April 2025
Total raised$15M
Team size34

About

Pajarito Powder manufactures advanced catalysts for fuel cells and electrolyzer applications, developing and producing catalyst products using proprietary intellectual property. These catalysts optimize systems for cleaner, more sustainable energy applications. Founded in 2012 and headquartered in Albuquerque, United States, Pajarito Powder has raised approximately $14.8M in Series B funding from investors including DOE, ARPA-E, Bekaert, Hyundai Motor Company, Kia, and Ecovyst. The company employs 34 people and produces engineered catalysts including platinum group metal catalysts and precious group metal-free catalysts for proton exchange membrane fuel cells and water electrolyzers, supporting the hydrogen economy with domestically manufactured catalyst materials. The company collaborates with automotive OEMs and electrolyzer manufacturers to develop custom catalyst formulations optimized for specific operating conditions and durability requirements.

Business model

Electric Vehicles > Components > Batteries > Four Wheelers > Commercial Vehicles > Hydrogen Fuel Cell Systems,

Energy Storage Tech > Fuel Cell > Components > Catalyst

Institutional investors

DOE ARPA-E Bekaert Hyundai Motor Company VERGE Omphalos Ventures Ecovyst Kia OSTI Saba Investments Verge Fund

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