HydroXpand Completes Pre-Series A Funding Round
Author
HydroXpand
Date
HydroXpand has successfully closed its Pre-Series A investment round. Korea Investment Accelerator, Company K Partners, and IBK Capital joined as new shareholders. The investment will be directed toward advancing the development of anion exchange membrane electrolyzer stacks and scaling up the 2kW module to a 30kW system. Byun Sang-hoon, analyst at Korea Investment Accelerator, stated: "HydroXpand possesses world-class AEM electrolyzer stack technology with the potential to transition the existing gray hydrogen system to a green hydrogen paradigm — which is why we decided to invest."