Nevada-based green hydrogen modular electrolyzer system startup Ohmium International secured $250M in Series C funding.
The firm intends to use the proceeds to expand green hydrogen annual
production capacity at its Indian plant to 2 GW and accelerate R&D
efforts.
- Ohmium is currently developing eight projects across the U.S., Europe, Asia, and the Middle East.
- The current round is five times larger than its previous $45M Series B round from a year ago.
- TPG's Rise Climate Fund led the funding round with participation from new investor Hanover Technology Investment Management.
- Existing backers Energy Transition Ventures and Fenice Investment Group joined the fundraiser.
- Lead investor private equity firm TPG secured $3.4B in capital commitments for its second Tech Adjacencies fund today.
