# Ecolectro

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

- Industry: Chemicals
- Headquarters: Ithaca, US
- Website: www.ecolectro.com
- Total disclosed funding: $21M
- Latest round: Series A (Nov 14, 2024)
- Investors on record: 8

## About

Based in New York. US. and founded in 2015, Ecolectro Inc. operates as a climate-tech company that has developed breakthrough membrane technology based on alkaline exchange materials. In November 2024, Ecolectro Inc. raised USD 10.5 million in series A funding led by Toyota Ventures with participation from Starshot Capital, DNX Ventures, Energy Revolution Ventures, New Climate Ventures, Banco Popular Impact Fund, and Techstars Ventures. Other unspecified investors also participated in the round.

Ecolectro's core offering is alkaline exchange materials, a component in the production of green hydrogen. The material is designed to scale, utilize abundant raw materials to create a simpler and more secure supply chain. The patented materials used by Ecolectro guarantee stability, longevity, and high purity in the produced hydrogen. 

The company plans the November 2024 funding to expedite the development and implementation of its commercial-class 250–500 kW and 1–5 MW Anion Exchange Membrane electrolyzers.

## Funding rounds

- Series A, Nov 14, 2024, $11M — Banco Popular, Techstars, DNX Ventures, Toyota Ventures, Energy Revolution Ventures, Starshot Capital, New Climate Ventures
- Series A, Nov 22, 2023, $11M — Techstars, DNX Ventures, Toyota Ventures, Energy Revolution Ventures, Starshot Capital, New Climate Ventures, Popular Impact Fund

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Series A
- DNX Ventures (https://capitalatlas.ai/funds/dnx-ventures) — Series A
- Toyota Ventures (https://capitalatlas.ai/funds/toyota-ventures) — Series A
- Energy Revolution Ventures (https://capitalatlas.ai/funds/energy-revolution-ventures) — Series A
- Starshot Capital (https://capitalatlas.ai/funds/starshot-capital) — Series A
- New Climate Ventures (https://capitalatlas.ai/funds/new-climate-ventures) — Series A
- Popular Impact Fund (https://capitalatlas.ai/funds/popular-impact-fund) — Series A
- Banco Popular — Series A