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HyOrc Corporation Secures $165,000 Funding Extension

PUBLIC · HYORSep 13, 20265 days ago

Amount Raised

$165,000

Round Type

Debt Financing

HoustonInformation Technology

Investors

Gs Capital Partners, Llc

Description

HyOrc Corporation entered into a First Amendment to a Promissory Note with GS Capital Partners, LLC. This amendment extends the maturity date of a $150,000 promissory note to March 13, 2027, while increasing the principal to $165,000. The move reflects the company's strategic financial management.

Company Information

Company

HyOrc

Location

3050 POST OAK BLVD.

Houston, Texas, United States

About

HyOrc is a pioneering clean-tech company developing the most affordable, efficient, practical, and reliable zero-emissions powertrain for heavy-duty applications. Its revolutionary HyOrc engine combines hydrogen fuel with an Organic Rankine Cycle (ORC) turbine to deliver sustainable power for trucks, trains, ships, and stationary generators. Following the successful pilot of an 80kW prototype, the company is finalizing a 245kW version set to be integrated into a 40-ton diesel truck platform by Q1 2025, with full-scale production targeted for 2027.

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