ReCatalyst, a Ljubljana, Slovenia-based developer of polymer electrolyte membrane (PEM) fuel cell catalysts, raised €1.7M in Seed funding.
The round was led by High-Tech Gründerfonds (HTGF), xista science ventures and OCCIDENT, with participation from RUJ Ventures and strategic business angel Dr. Tine Tomažič.
The company intends to use the funds to enhance market readiness and accelerate process development for its proton exchange membrane (PEM) fuel cell catalysts.
Led by CEO Tomaž Bizjak, and CTO Dr. Matija Gatalo, ReCatalyst is a spin-out from the renowned National Institute of Chemistry in Ljubljana advancing a nano-tech platform for production of next-generation of intermetallic platinum-alloy PEM fuel cell catalysts with the core mission to enable an optimized usage of platinum group metals. The company is dedicated to expediting the decarbonization of the energy and transport sectors.
The company’s foundations have been developed within the frameworks of publicly funded projects such as the ERC Proof of Concept ‘StableCat’, EIT Raw Materials Accelerator as well as recently also the EIC Transition ‘ENABLER’.
FinSMEs
28/07/2023