# Evoloh

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

- Industry: Industrial Machinery
- Headquarters: Santa Clara, US
- Website: www.evoloh.com
- Total disclosed funding: $20M
- Latest round: Series A (Mar 26, 2024)
- Investors on record: 3

## About

Based in California, US, and founded in 2020, Evoloh Inc. operates as a manufacturer of water electrolyzers. In March 2024, the firm raised USD 20 million in series A funding led by investor Engine Ventures, with participation from other investors 3M Ventures and NextEra Energy Resources, LLC. The firm as of March 2024, has headquarters in Santa Clara, California, and a manufacturing center in Lowell, Massachusetts, and is led by its CEO, Jimmy Rojas.

The company engages in the manufacturing of electrochemical stacks and large-scale hydrogen production to address critical limitations in electrolyzer supply and scalability. Evoloh’s flagship product, the NautilusTM stack module, offers multi-megawatt liquid alkaline technology designed to minimize costs and technical risks while maximizing productivity, durability, and efficiency. With an emphasis on high-speed manufacturing, real-time optimization tools, and advanced robotics, Evoloh ensures low-cost hydrogen production, catering to large industrial applications. Also, as of March 2024, the firm owns 2 trademarks: Evoloh and Nautilus. Additionally, the company enables engineering, procurement, and construction (EPC) companies to mitigate project risks and streamline plant design and integration. 

The company plans to utilize the March 2024 funding to enhance its manufacturing technology and introduce new capabilities for its NautilusTM platform.

## Funding rounds

- Series A, Mar 26, 2024, $20M — 3M Ventures, Engine Ventures, NextEra Energy Resources, LLC

## Investors

- 3M Ventures (https://capitalatlas.ai/funds/3m-ventures) — Series A
- Engine Ventures (https://capitalatlas.ai/funds/engine-ventures) — Series A
- NextEra Energy Resources, LLC — Series A