Celadyne has raised an oversubscribed $ 4.5 M SEED round to deepen testing and sampling relationships with current automotive manufacturers and pursue additional opportunities in early pilots for electrolysis. This funding bring along new investors, Dynamo Ventures, Maniv Mobility, and EPS Ventures into the fold. They will be helping Celadyne grow further and address the demand side of the hydrogen equation.

This funding round has been covered by media outlets such as TechCrunch. The original PRS release for Celadyne’s fundraise can be found here: https://www.prnewswire.com/news-releases/celadyne-secures-4-5-million-to-accelerate-industrial-decarbonization-with-durable-fuel-cells-302060754.html

‍

‍

You can read Gary’s perspective on the round here: https://www.celadynetech.com/perspectives/on-our-45-m-seed-round

TechCrunch’s coverage is here: https://techcrunch.com/2024/02/15/celadyne-seed-round/