Take a peek inside the 19-slide redacted pitch deck it used to raise the fresh funds.
A Barcelona-based startup hoping to make hydrogen power cheaper, more efficient, and durable, just nabbed 6 million euros (around $6.4 million) in Series A funding.
Jolt, founded in 2022 as a spin-out of the Catalan Institute of Chemical Research, makes electrodes for electrolyzers and hydrogen fuel cells.
Electrodes are the "heart" of hydrogen, Jolt cofounder and CEO Leon Rizzi told Insider, but they are "genuinely not fit for purpose."
Jolt makes an alternative coating, which requires 80 degree-heat for up to 60 seconds and can be done in an oven or via an infrared lamp.
Persons:
Leon Rizzi, we've, Rizzi, it's, Jolt
Organizations:
Catalan Institute of Chemical Research, McKinsey, Climentum Capital, Ship2B Ventures, Partners, NET, Rizzi
Locations:
Barcelona, headcount