HomeCanadaIonomr Innovations Closes USD$20M in Series A-4 Financing

Ionomr Innovations Closes USD$20M in Series A-4 Financing


Ionomr Innovations
Ionomr Innovations’ ion-exchange membranes are manufactured at scale to support wide ranging industrial applications, advancing the green hydrogen economy. (CNW Group/Ionomr Innovations Inc.)

Ionomr Innovations, a Vancouver, Canada and Rochester, USA-based developer and manufacturer foundational polymer and membrane technologies for hydrogen applications, raised USD$20M in Series A-4 funding.

The round was led by NGIF Cleantech Ventures and Pallasite Ventures supported by Shell Ventures, Chevron Technology Ventures and Finindus, and joined by N.V. Bekaert, Asahi Kasei, Samsung Ventures and SAIC Capital.

The company intends to use the funds to further scale its ion-exchange membranes and polymers, Aemion® and Pemion®, that are fundamental to accelerating the hydrogen economy — from production of H2 gas and chemicals through electrolysis to efficient use of hydrogen in fuel cells

Led by CEO Bill Haberlin, Ionomr Innovations is advancing electrochemistry with newly developed ion-exchange membranes and polymers for clean energy. Ionomr’s Pemion® and Aemion® technologies provide cost, performance and sustainability advantages for fuel cells, hydrogen production and carbon capture, use and conversion.

Leveraging technology developed at Simon Fraser University, Ionomr was founded in 2018 and employs 51 professionals.