# BayoTech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bayotech

- Industry: Industrial Machinery
- Headquarters: Albuquerque, US
- Website: www.bayotech.us
- Total disclosed funding: $13M
- Latest round: Series B (Mar 29, 2018)
- Investors on record: 2

## About

BayoTech, Inc. is a hydrogen production company specializing in scalable solutions for low-carbon fuel, primarily serving industries such as transportation, power generation, and manufacturing.BayoTech, Inc., founded in 2015 and headquartered in Albuquerque, US, focuses on hydrogen production and distribution. The firm has engaged in 5 investment deals, with its latest round leading to a total fundraising of USD 157.00 mn, led by Newlight Partners and including investors like Cottonwood Technology Fund and Fortistar. Justin Eisenach and Mauricio Vargas serve as the CEOs of the company.BayoTech specializes in the production and distribution of hydrogen, positioning itself as a key player in the decarbonization sector across North America. Their core offerings include high-pressure hydrogen generators, transport, and storage solutions designed to supply hydrogen for a variety of applications, serving critical industries such as mobility, power generation, manufacturing, and industrial gas distribution. Notable applications include providing scalable hydrogen refueling solutions for zero-emission fuel cell buses and trucks, as well as high-capacity storage solutions for treating metals, processing foods, and glass production. The company operates hydrogen hubs in the Midwest, including Wentzville, MO, and has plans for future production in Northern California's Stockton area.BayoTech's revenue structure is driven primarily by B2B transactions, supplying high-pressure hydrogen and associated services to various industries. The company engages in direct partnerships with clients in sectors such as transportation and manufacturing, establishing ongoing supply agreements for hydrogen delivery. Clients may access hydrogen on a subscription basis, ensuring a consistent supply of low-carbon fuel for their operations. BayoTech's flagship products, including their hydrogen generators and gas storage solutions, are integral to their revenue generation model, with a pricing strategy that focuses on accessibility and cost-effectiveness for various industrial applications.BayoTech plans to expand its product offerings, potentially introducing new hydrogen generation technologies in the coming years. The company is targeting expansion into Northern California, specifically the Stockton area, to enhance its market reach by 2025. The recent funding of USD 157.00 mn will be utilized to support these initiatives and facilitate the development of additional hydrogen infrastructure. Additionally, following the exit of Catalyst Fund from its stake, BayoTech is poised to leverage its strengthened financial position to pursue strategic growth opportunities.

## Funding rounds

- Series B, Mar 29, 2018, $13M — Sun Mountain Capital, Cottonwood Technology Fund

## Investors

- Sun Mountain Capital (https://capitalatlas.ai/funds/sun-mountain-capital) — Series B
- Cottonwood Technology Fund (https://capitalatlas.ai/funds/cottonwood-technology-fund) — Series B