# Advanced Ionics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/advanced-ionics

- Industry: Environmental Services
- Headquarters: New Berlin, US
- Website: www.advanced-ionics.com
- Total disclosed funding: $22M
- Latest round: Series A (Jan 8, 2025)
- Investors on record: 9

## About

Founded in 2017 and based in Wisconsin, US, Advanced Ionics Inc. operates as a provider of clean hydrogen without the green premium using symbiotic steam electrolysis in many industrial locations. It enables customers to save money and reduce greenhouse gas emissions. In July 2023, Advanced Ionics Inc. raised USD 12.20 million in Series A funding led by bp ventures, with participation from GVP Climate, and Mitsubishi Heavy Industries. In January 2025, Advanced Ionics raised USD 6.7 million in venture funding from Argosy Foundation, Chubu Electric Power, Lummus Technology LLC, BP Ventures, and Clean Energy Venture Group.

Advanced Ionics Inc. is a developer of an electrolyzer technology designed to produce low-cost onsite industrial green hydrogen. The company's technology can be used for ammonia and fertilizer production, hydrogenation, metal fabrication, glass, methanol, synthetic fuels, chemicals, and power plants, enabling clients to eliminate carbon dioxide emissions from hydrogen production.

The company will use the funding to accelerate development of water-vapor electrolyzer technology, expand manufacturing, and enhance research and development facilities.

## Funding rounds

- Series A, Jan 8, 2025, $6.7M — Chubu Electric Power, Clean Energy Venture Group, BP Ventures, Lummus Technology LLC, GVP Climate, Argosy Foundation
- Series A, Jul 31, 2023, $12M — BP Ventures, Mitsubishi Heavy Industries, Clean Energy Ventures
- Seed, Nov 22, 2021, $2.9M — Clean Energy Ventures, SWAN Impact

## Investors

- Clean Energy Ventures (https://capitalatlas.ai/funds/clean-energy-ventures) — Seed, Series A
- SWAN Impact — Seed
- BP Ventures (https://capitalatlas.ai/funds/bp-ventures) — Series A
- Mitsubishi Heavy Industries — Series A
- Chubu Electric Power — Series A
- Clean Energy Venture Group (https://capitalatlas.ai/funds/clean-energy-venture-group) — Series A
- Lummus Technology LLC — Series A
- GVP Climate (https://capitalatlas.ai/funds/gvp-climate) — Series A
- Argosy Foundation — Series A