# Hydrolux

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

- Industry: Materials
- Headquarters: Changwon-si, South Korea
- Website: www.hydrolux.co.kr
- Total disclosed funding: $4.8M
- Latest round: Series A (May 18, 2022)
- Investors on record: 6

## About

Based in South Korea, and founded in 2021, Hydrolux develops hydrogen storage systems. In October 2021, HYDROLUX raised seed funding from Daedeok Venture Partners and Korea Tech Incubator for Startup. In May 2022, HYDROLUX raised KRW 6.1 billion in a series A fund led by Korea Asset Investment Securities, BSK Investment, POSCO Capital, and We Ventures.

Hydrolux researches and manufactures (magnesium) Mg-based hybrid hydrogen storage alloy. The company’s production process uses energy mill mass-production equipment and goes through a number of manufacturing steps to create hydrogen storage alloy.

The company plans to use the funds raised in May 2022 for the mass production of its products.

## Funding rounds

- Series A, May 18, 2022, $4.8M — Posco Investment, BSK Investment, Daedeok Venture Partners, Korea Asset Investment Securities, We Ventures
- Seed, Oct 1, 2021 — Korea Tech Incubator for Startup, Daedeok Venture Partners

## Investors

- Korea Tech Incubator for Startup — Seed
- Daedeok Venture Partners (https://capitalatlas.ai/funds/daedeok-venture-partners) — Seed, Series A
- Posco Investment (https://capitalatlas.ai/funds/posco-investment) — Series A
- BSK Investment (https://capitalatlas.ai/funds/bsk-investment) — Series A
- Korea Asset Investment Securities (https://capitalatlas.ai/funds/korea-asset-investment-securities) — Series A
- We Ventures — Series A