Pajarito Powder

Pajarito Powder

Developer and manufacturer of Advanced Catalysts and Engineered Catalyst Supports for Fuel Cell Electric Vehicles. Learn more
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DateInvestorsAmountRound
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Series B
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Series B
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$20.0m

Grant
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$4.5m

Late VC
Total FundingCAD33.4m

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Pajarito Powder, LLC is a venture-backed manufacturer specializing in the production of advanced catalysts. These catalysts are primarily used in Proton Exchange Membrane (PEM) and alkaline fuel cells and electrolyzers. In simpler terms, the company produces special substances that speed up chemical reactions in fuel cells and electrolyzers, which are devices used to generate electricity.

Their product range includes Platinum Group Metal (PGM) catalysts, Engineered Catalyst Supports (ECS products), and Precious Metal Free (PMF) catalysts. These products are used in Fuel Cell Electric Vehicles (FCEV), which are vehicles powered by electricity generated from a fuel cell. The company's unique manufacturing platform, VariPore©, allows for the production of high-performance, durable catalyst products on a large scale.

Pajarito Powder operates in the green energy market, serving clients such as vehicle manufacturers and energy companies. They have recently partnered with two national labs, General Motors, and Strategic Analysis to develop lower-cost catalysts. This collaboration aims to make hydrogen-powered vehicles more affordable and accessible, indicating a potential growth area for the company.

The company's business model is based on manufacturing and selling their catalyst products. They generate revenue through sales to vehicle manufacturers and other companies in the energy sector. They also benefit from strategic partnerships and funding awards, such as a recent $10 million award, which supports their research and development efforts.

Keywords: Catalysts, Fuel Cells, Electrolyzers, Green Energy, Platinum Group Metal (PGM), Engineered Catalyst Supports (ECS), Precious Metal Free (PMF), Fuel Cell Electric Vehicles (FCEV), Manufacturing, Strategic Partnerships.

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