Avoxt, a startup based in Groningen and Eindhoven, has secured an investment from Future Tech Ventures, the NOM, and the Brabant Startup Fund. The funding amount, however, remains undisclosed.
The Dutch company previously received a Rabo Innovation Loan, bringing its total funding to over €1M.
The new electrolyser technology developed by Avoxt aims to improve hydrogen production by enhancing efficiency, safety, and cost-effectiveness. This development contributes to ongoing efforts in the global energy transition.
Gerard Spanbroek, Director of the Brabant Startup Fund, says, “Brabant Startup Fund was founded to help startups take the necessary steps in technology and market positioning to attract international investors.”
“Avoxt is particularly interesting to us because it aligns with the Sustainable Development Goals (SDGs) and promises to accelerate the energy transition. That’s beneficial for Brabant, the Netherlands, and the world.”
Kyra Weaver, Investment Manager at Future Tech Ventures, adds, “Avoxt holds the key to radically improving hydrogen production. The disruptive potential of this technology is gaining attention. However, deeptech like this requires significant investment to reach the commercial phase, and that’s why our mission is clear: we support Avoxt in becoming ‘investor ready’ for the next funding round.”
“The combination of youthful enthusiasm and experienced entrepreneurship in this team lays the foundation for a strong and energetic collaboration.”
Technology for efficient hydrogen production
The world faces the challenge of reducing CO2 emissions and decreasing reliance on fossil fuels. Hydrogen is an important part of this transition, but its production can be inefficient and costly.
Avoxt addresses this issue with an electrolyser designed to improve hydrogen production efficiency. The company started at HighTechXL, a venture builder in Eindhoven that supports socially relevant innovations.
Avoxt’s technology differentiates itself by developing membrane-free electrolysers.
Ton Rademaker, one of Avoxt’s founders, explains, “Traditional electrolysers use a membrane to separate hydrogen and oxygen, but these membranes are expensive, prone to wear, and can cause failures.”
“Avoxt eliminates this weak link by producing gases at separate locations within the system, eliminating risks such as leakage and explosions. This makes the technology not only safer but also cheaper and highly scalable.”
Additionally, Avoxt’s membrane-free electrolyser technology reduces maintenance needs, leading to higher uptime and a faster return on investment.
Rademaker, adds, “By 2030, 40 per cent of all hydrogen used in the chemical industry must be green. This means there is a significant market for electrolysers that keep production costs low because that green hydrogen must become a reality. And that’s exactly where Avoxt aims to make a major impact.”
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