Ecolectro, a leading company in green hydrogen technology, recently closed a $10.5 million Series A funding round led by Toyota Ventures. This funding, alongside previous grants, will support the development of Ecolectro's innovative Anion Exchange Membrane (AEM) electrolyzers, aiming to offer an affordable and scalable path to reducing carbon emissions through green hydrogen. The company's AEM technology eliminates the need for rare materials like iridium and harmful chemicals such as PFAS, making it eco-friendly and cost-effective. Ecolectro's plug-and-play electrolyzers provide dependable performance, enabling on-site hydrogen production and reducing environmental impacts and costs related to transportation and storage. Their first commercial deployment with Liberty New York Gas showcased successful green hydrogen production below $2.50/kg, well below the U.S. Department of Energy's 2030 target. The company's future commercial-class electrolyzers, set to be tested next year and available by late 2025, aim to serve hard-to-decarbonize industries, providing a scalable and affordable solution for carbon reduction. Ecolectro's focus on innovation and sustainability has garnered positive attention from investors, aiming to make green hydrogen more accessible and cost-effective for various industries in the near future.