$ 9 M Series A Annoucement

We are thrilled to to announce that NovaMea has closed a 9 M USD Series A financing round. This round is contributed by several international VCs. The funding will be used to scale up the production of our proprietary membranes, ionomers, and catalyst-coated electrodes, to prepare for international market entries, and to further R&D activities. 

NovaMea has developed best-in-class anion exchange membranes (AEMs), ionomers, and precious metal-free catalysts for anion exchange membrane water electrolyzers, which is an emerging and most promising technology for producing green hydrogen at large scale and low cost. Our products have been validated by multiple early adopters. There are increasing demands for larger-size and larger quantity of these products. 

Dr. Xile Hu, Xile Hu Co-founder and Chairman of NovaMea said: 

"I would like to thank the NovaMea team for investing their talents in this exciting yet challenging endeavor. None of our achievements will be possible without your courage, dedication, persistence, and hard work. I especially want to shout out Dr. Xingyu Wu, Xingyu Wu, our co-founder and the CEO of the company, for taking on this journey from the first moment, and for overseeing the technical developments, the pilot production, and relations with customers. 

I would like to thank our new and existing investors for their confidence in our technologies, vision, and the market potential of our products. Green hydrogen has a huge potential in the decarbonization of various industrial sectors, but due to the high cost of current production technologies, its deployment has been slow. This difficulty should be the motivation, rather than barrier, for investments in new technologies in this field. I am glad that these investors and we share the same view here. "

About NovaMea: NovaMea is a Swiss DeepTech and ClimateTech startup specializing in the development of critical materials such as membranes and catalysts for electrochemical energy storage and conversion. Currently the company focuses on providing materials for anion exchange membrane water electrolyzers, with the aim to enable green hydrogen production at large scale and low cost. NovaMea’s technologies originate from many years of fundamental research in chemistry in the lab of Prof. Xile Hu at the Ecole Polytechnique Federale de Lausanne (EPFL). The company was founded in January 2023 and its headquarter is in Saint-Sulpice (VD). The company had previously closed a 3.2 M USD Seed financing round in April 2024.