Pajarito Powder, an Albuquerque-based materials science company specializing in catalysts for fuel cells, received new funding from Hyundai Motor Group. This investment concludes the B-3 fundraising round and signifies Hyundai's continued interest in supporting future technologies, particularly in hydrogen transportation. Hyundai Motor Group's investment, along with previous funding from Ecovyst Catalyst Technologies, aims to advance Pajarito Powder's technology for electrolyzers and fuel cells, focusing on reducing the total cost of ownership for green hydrogen solutions. The company's Board Chair, Thomas J. Stephenson, expressed gratitude for Hyundai's commitment to innovation in global markets. Pajarito Powder's interim CEO, John Rice, emphasized the significance of the ongoing work in developing the hydrogen economy. The support from Hyundai Motor Group, Kia Corporation, and Ecovyst Catalyst Technologies allows Pajarito Powder to enhance its technology, strengthen customer relationships, and expand its hydrogen-related businesses. This strategic investment not only boosts Pajarito Powder's research and development efforts but also aids in scaling up its global manufacturing operations.