Aurora Hydrogen receives over $4 million in grant from Natural Resources Canada, NGIF Accelerator for development of low-carbon hydrogen.
Jul 24, 2024•over 1 year ago
Amount Raised
$4 Million
Investors
Ngif AcceleratorNatural Resources Canada
Description
Aurora Hydrogen, an Edmonton-based hydrogen technology company, has been awarded $3 million in funding from Natural Resources Canada (NRCan) and over $1 million from the NGIF Accelerator to scale its production of low-carbon, low-cost hydrogen and advance the maturity of its technology for piloting and commercialization.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers