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Evoloh

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EvolOH builds breakthrough anion exchange membrane electrolyzers for the production of green, sustainable hydrogen fuels and feedstocks for steel, fertilizer and mining industries

Santa Clara, United StatesFounded 2020Energy
Valuation $50–100M Last recorded · 2024
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Evoloh and the history behind them.

About Evoloh

EvolOH is a pioneering startup in the green hydrogen sector, aiming to revolutionize the way hydrogen is produced and delivered at scale. The company has developed a groundbreaking electrolyzer technology that is ultra-compact and lightweight, simplifying logistics, installation, and maintenance. This innovative solution is designed to meet the practical needs of systems integrators and plant operators, making it easier to implement hydrogen solutions in various industrial settings.

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EvolOH primarily serves clients in the renewable energy and industrial sectors who are looking to transition to cleaner energy sources. These clients include systems integrators, plant operators, and other stakeholders in the hydrogen supply chain. The market EvolOH operates in is the green hydrogen market, which is poised for significant growth as the world seeks to reduce carbon emissions and transition to sustainable energy sources.

The business model of EvolOH revolves around the sale and deployment of its electrolyzer technology. The company makes money by selling these electrolyzers to its clients, who then use them to produce hydrogen from pure water. Unlike traditional methods, EvolOH's technology does not require caustic fluids or delicate pressure balances, making it a more robust and user-friendly solution.

EvolOH's electrolyzers are made from readily available materials, ensuring low production costs and widespread accessibility. This cost-effective approach allows the company to offer its technology at competitive prices, making green hydrogen more affordable and scalable. The company's focus on using domestic sources and local supplies further enhances its sustainability and reliability.

In summary, EvolOH is at the forefront of the green hydrogen revolution, offering a simple, low-cost, and efficient solution to produce hydrogen at scale. With decades of industry experience and a commitment to innovation, EvolOH is well-positioned to meet the growing demand for clean hydrogen.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2020
Headquarters
Santa Clara, United States
Employees
46
Open positions
None listed
Dealroom signal
83.5/100
Sub-industry
Clean Energy
Sector
Energy, Hydrogen, Spinout, Sustainable Development Goals, Climate Tech, Electrolysis, Green Hydrogen, Hydrogen Production, NIF defense security and resilience, NIF Energy Security and Climate Change
Technology
Hardware, Deep Tech
Business model
Manufacturing
Client focus
b2b

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC Mar 2024 $20M $80M NextEra Energy · 3M Ventures · Engine Ventures ↗
GRANTOther financing May 2023 $200K — US Department of Energy ↗
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Growth signals

Evoloh website traffic

Latest recorded traffic for Evoloh is 2.2K monthly website visits, up 69.2% over the last three months. Evoloh's team grew 7% over the past year.

Latest monthly visits2.2K 3-month web change+69.2% 1-year team growth+7%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

12 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • US Department of Energy

Series A3 investors entered at this stage

  • NextEra Energy
  • 3M Ventures
  • Engine Ventures

Other known investors8 additional known investors

  • Stanford University
  • GS Futures
  • Juniper
  • MBC Biolabs
  • New Energy Nexus
  • Rayyan Islam
  • Third Sphere
  • VXI Capital
Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States96.9%
🇸🇬 Singapore3.1%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Evoloh on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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