Protonas Secures Seed Funding to Revolutionize Energy Markets in North America and Asia
Key Ideas
- Protonas, a Tennessee-based startup with a subsidiary in Chennai, India, secured a seed funding round led by Transition VC to deploy low-cost PEM hydrogen fuel cell solutions.
- The funding will enable Protonas to revolutionize North American and Asian energy markets by offering cost-efficient backup power applications and fuel cell engines for transportation in India and other Asian regions.
- Founded by fuel cell industry veteran David DeVries, Protonas aims to establish manufacturing operations in Chennai and develop prototype systems, leveraging DeVries' extensive technical expertise and leadership.
- Transition VC's investment signals confidence in Protonas' mission to drive the adoption of hydrogen fuel cells across various sectors, including mobility, energy storage, and industrial applications.
Protonas, a startup specializing in low-cost PEM hydrogen fuel cell solutions, has successfully raised a seed funding round led by Transition VC to support its ambitious goals in the energy sector. The company, headquartered in Tennessee, US, and with a subsidiary in Chennai, India, plans to introduce innovative solutions for backup power applications in North America and fuel cell engines for transportation in India and other Asian markets. The funding will facilitate Protonas in establishing manufacturing operations in Chennai and creating prototype systems.
The founder of Protonas, David DeVries, brings a wealth of experience in the fuel cell industry, having been involved since 1996. With a focus on driving business excellence and utilizing his technical expertise, DeVries aims to position Protonas as a key player in the industry. Transition VC's investment recognizes the potential of Protonas' approach to making cost-efficient hydrogen fuel cells accessible across various sectors, emphasizing mobility, energy storage, and industrial applications.
Overall, the funding round signifies a significant milestone for Protonas as it gears up to make a meaningful impact on the energy markets in both North America and Asia, under the visionary leadership of David DeVries and with the strategic support of Transition VC.