# Verne

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

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: San Francisco, US
- Website: www.verneh2.com/
- Latest round: Seed (Jun 10, 2022)
- Investors on record: 3

## About

Founded in 2020 by its CEO, Ted McKlveen, CTO, David Jaramillo, and COO, Bav Roy, and based in California, US, Verne Inc., operates as a provider of hydrogen storage to enable operations in sectors like trucking, mining, aviation, and port vehicles. In April 2024, Verne Inc., raised venture funding led by Trucks Venture Capital, with participation from United Airlines Ventures, Newlab, and Aloniq.

The company offers cryo-compression technology used for enabling high-density hydrogen for heavy-duty vehicles, requiring less equipment compared to conventional hydrogen stations.

Verne's hydrogen storage systems can achieve diesel-like range and payload capacity, offering up to four times the range of battery electric vehicles.

The company plans to use the April 2024 funding to accelerate development of its cryo-compressed hydrogen technology for on-board hydrogen storage in heavy-duty vehicles.

## Funding rounds

- Seed, Jun 10, 2022 — Collaborative Fund, Caterpillar Ventures, Amazon

## Investors

- Collaborative Fund (https://capitalatlas.ai/funds/collaborative-fund) — Seed
- Caterpillar Ventures (https://capitalatlas.ai/funds/caterpillar-ventures) — Seed
- Amazon (https://capitalatlas.ai/funds/amazon) — Seed