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Electric Hydrogen (EH2) raises $50m in financing to support 1.2GW factory development

PRIVATEMar 05, 2024

Amount Raised

$50 Million

Round Type

Series C

BostonManufacturingEnergySoftware

Investors

Trinity Capital

Description

Trinity Capital has committed $50m in equipment financing to Electric Hydrogen (EH2) to support the development of its US gigafactory in Devens, Massachusetts. The financing will enable EH2 to quickly scale manufacturing equipment and meet customer demand for green hydrogen.

Who else raised in Energy and Manufacturing around the same time

Companies in the same sectors as Electric Hydrogen that raised within 45 days of this round, from Fundz verified event records.

  • Lucid Group raised $1B (Funding Round) on March 25, 2024.
  • Hadrian raised $11M on February 20, 2024.
  • Chromatic 3D Materials raised $300K (Seed) on April 19, 2024.
  • SKYX Platforms raised $1M (Seed) on April 11, 2024.
  • SiMa.ai raised $70M (Funding Round) on April 4, 2024.
  • Agility Robotics raised $150M (Series B) on April 4, 2024.

Who to call at Electric Hydrogen, and when

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Company Information

Company

Electric Hydrogen

Location

Boston, Massachusetts, United States

About

Electric Hydrogen manufactures, delivers and commissions the world’s most powerful electrolyzers to make clean hydrogen projects economically viable today. The company’s complete HYPRPlant includes all system components required to turn water and electricity into the lowest cost clean hydrogen. Electric Hydrogen has a team of more than 300 people in the United States and Europe. The company was founded in 2020 and is headquartered in Devens, Massachusetts.

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Electric Hydrogen raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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