Energia
IONOMR INNOVATIONS CLOSES US$ 15,000,000 SERIES A FUNDING WITH SHELL VENTURES, FININDUS, CHEVRON TECHNOLOGY VENTURES, NGIF CLEANTECH VENTURES AND PALLASITE VENTURES
The funding will allow Ionomr to further scale its ion exchange membranes and polymers that are fundamental to the acceleration of the hydrogen economy. Ionomr produces breakthrough materials in both proton exchange membrane (Pemion®) and anion exchange membrane (Aemion®) technology, with the potential to enable applications through the entire hydrogen value chain -- from production of H gas and chemicals (through electrolysis) to efficient use of hydrogen in fuel cells. Ionomr's superior materials can make more efficient, cost competitive solutions possible, including eliminating expensive precious metal requirements from hydrogen production and CO electrolysis, and supporting higher temperature recyclable fuel cell solutions.
Ionomr is advancing the development and manufacturing of ion-exchange membranes and polymers for the hydrogen economy. Ionomr's Pemion® and Aemion® technologies provide cost, performance and sustainability advantages for fuel cells, hydrogen production, carbon utilization, and advanced energy storage. Leveraging technology developed at Simon Fraser University , Ionomr was founded in 2018 and employs 31 professionals at its research and manufacturing facilities in Vancouver, Canada . Ionomr was also recently selected to join the World Economic Forum's Tech Pioneers, which brings together 100 companies from around the globe that are pioneering break-through technologies and innovations aimed at tackling critical discussions. For more information about how Ionomr is helping to advance the clean energy economy, visit www.ionomr.com.
Shell Ventures is the corporate venture capital arm of Shell. With major offices in Europe , the USA , India and China , Shell Ventures invests in innovative technology companies, business models and growth plays to further the development of solutions and new technologies that have the potential to accelerate the energy and mobility transformation. Visit https://www.shell.com/shell-ventures to find out more.
Finindus is a Belgium based investment company funded by ArcelorMittal and the Flemish Region and is linked to OCAS, a world class metals research centre with campuses in Zelzate and Zwijnaarde ( Belgium ). Finindus provides early stage and growth financing (both equity and debt) to innovative technology companies active in the field of materials (including material processing), sustainable manufacturing and industry 4.0. Finindus invests across Europe , with Flanders as a home base and sweet spot, and across the globe for investment opportunities in technology at the centre of our core domains and in line with the strategic interests and areas of expertise of our shareholders. www.finindus.be
Chevron Technology Ventures (CTV) pursues externally developed technologies and new business solutions that have the potential to enhance the way Chevron produces and delivers affordable, reliable, and ever-cleaner energy. More information about CTV is available at https://www.chevron.com/technology/technology-ventures
NGIF Cleantech Ventures is a $50 million industry-led venture capital fund that makes equity investments in early-stage startups. The objective of the Fund is to grow cutting-edge clean technology companies into commercial-scale enterprises. The Fund primarily invests in companies that provide solutions that lead to emissions reductions and other environmental benefits. These solutions are typically focused on existing natural gas production, transmission, distribution, storage, and end-use applications, as well as increased production of renewable natural gas and hydrogen. For more information, please visit ngif.com
Pallasite Ventures provides early-stage financing for high-growth companies across a variety of industries. Investing in companies whose leaders have the vision and skills necessary to transform the markets and industries in which they operate, Pallasite provides the resources and support that new companies need to grow and the freedom to foster continued growth. For more information, visit: https://www.pallasiteventures.com/
Media Contact: Nancy McHarg | nancy@mchargcommunications.com | (604) 760.4366; Business Contact: Andrew Belletti | belletti@ionomr.com | (604) 628.6098