Lausanne, Switzerland, 20th January 2022 – SoHHytec SA, a Swiss cleantech startup with unique technology for green hydrogen production, announces that it has successfully raised USD 2 Million in seed round financing led by Singapore based Fund for Sustainability and Energy (FUND4SE PTE LTD). This seed round will enable product development and deployment for the industrial use case.
SoHHytec’s technology enables decentralized production of Hydrogen , along withoxygen, electricity and heat, without any CO2 emissions and with unprecedentedsolar-to-hydrogen conversion efficiency. The technology is a result of more thaneight years of extensive research and development and is now ready to be applied toindustrial use. SoHHytec has already won several entrepreneurship awards andpreviously secured a total of ~1.6 M USD in non-dilutive funding which fueled thedevelopment of its artificial tree ‘Arb’ system. This seed financing provides furthersupport to expedite industrial deployment, and for the commercialization andindustrialization of SoHHytec’s products.
Dr. Saurabh Tembhurne, Founder and CEO, SoHHytec said : “We are proud andexcited to have FUND4SE, who shares our vision and values, onboard our journey ofmaking sustainable fuels a reality of today. The capital raise enables us to deploy our systems and enter targeted markets. Beyond monetary support, we look forward toworking together to achieve unprecedented impact and make the world moresustainable.”
Denis Muratov, Managing Partner, FUND4SE expressed : “We are incredibly excitedto invest into SoHHytec at this pivotal moment in their growth, and at a critical timefor the development of green hydrogen technologies, particularly with our focus onclean transportation, which can only be achieved with affordable and renewablehydrogen. We are proud to support SoHHytec on our joint mission to decarbonize the global economy.” Prof. Sophia Haussener, Co-founder and Scientific Advisor, SoHHytec commented :“We are entering an attractive partnership with FUND4SE that will enable the large-scale demonstration and deployment of our co-generation […]