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Ekona raises $3m to accelerate hydrogen developments

Ekona raises $3m to accelerate hydrogen developments

Vancouver-based Ekona Power has raised $3m in funding from BDC Capital to help develop its novel technology for low cost, clean hydrogen production.

Announced earlier this week (19th Jan), the capital will allow Ekona to progress with its technology development programme and support its Series-A round, which will take place in 2021.

“We are very pleased to be collaborating with BDC Capital. Their support enables us to maintain our development program and timeline, despite the challenging backdrop of this past year,” said Chris Reid, CEO of Ekona Power.

“The BDC is an excellent partner for Ekona and it’s gratifying to be working with an organisation that is motivated to support positive climate action, while understanding the needs of clean technology startups.”

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