# Vema Hydrogen

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vema-hydrogen

- Industry: Power & Utilities
- Headquarters: Wilmington, US
- Website: www.vema.earth
- Total disclosed funding: $12M
- Latest round: Seed (Feb 18, 2025)
- Investors on record: 5

## About

Vema Hydrogen Inc. focuses on the innovative production of Stimulated Geologic Hydrogen, utilizing natural geochemical processes to create scalable and sustainable hydrogen solutions for various industries. Founded in 2024, Vema Hydrogen Inc. operates in Wilmington, US, specializing in hydrogen production through geochemical stimulation of geological formations. In February 2025, Vema Hydrogen Inc. raised USD 13 million in seed funding co-led by Extantia and Propeller Venture Capital, with participation from Zero Carbon Capital Limited, Pace Ventures, and Grantham Foundation. Vema Hydrogen specializes in the development of Stimulated Geologic Hydrogen, a method that leverages naturally occurring geochemical reactions for controlled hydrogen production. By targeting geological formations like Ophiolites and Banded Iron Formations (BIFs), Vema aims to generate hydrogen sustainably and reliably. The technology is designed for various applications including energy production and industrial processes, focusing on environmentally friendly solutions. Vema Hydrogen's revenue model centers on B2B transactions with industrial partners in need of sustainable hydrogen. The company establishes partnerships with manufacturers, energy firms, and transportation sectors to provide hydrogen under long-term contracts. Pricing is competitive, with production costs projected below USD 1 per kilogram, aligning with the firm’s commitment to environmental responsibility and community engagement. Vema Hydrogen Inc. plans to expand its product offerings and market reach by developing new hydrogen production technologies and targeting additional industrial sectors by 2025. Recent funding of USD 13.00 mn from the Seed round will support this expansion, enabling the company to enhance research and development efforts. The firm is also exploring opportunities in emerging markets across Europe and Asia, aiming to establish a broader footprint in the global hydrogen industry.

## Funding rounds

- Seed, Feb 18, 2025, $12M — Grantham Foundation, Propeller Venture Capital, Zero Carbon Capital, Extantia, Pace Ventures

## Investors

- Grantham Foundation — Seed
- Propeller Venture Capital (https://capitalatlas.ai/funds/propeller-venture-capital) — Seed
- Zero Carbon Capital (https://capitalatlas.ai/funds/zero-carbon-capital) — Seed
- Extantia (https://capitalatlas.ai/funds/extantia) — Seed
- Pace Ventures — Seed