Nimbus Power Systems Secures Funding to Revolutionize Heavy-Duty Transport Sector
Key Ideas
  • Nimbus Power Systems secures pre-seed financing led by Connecticut Innovations to advance its cutting-edge zero-emission fuel cell engine for heavy-duty vehicles.
  • The investment will support the demonstration of innovative technology aimed at decarbonizing the heavy-duty transport sector.
  • The company plans to scale its technology, collaborate with industry leaders, and contribute to a sustainable future by reducing emissions in the transportation industry.
  • Nimbus' fuel cell engine is designed to deliver higher efficiencies and lower emissions, addressing the critical need for decarbonization in the heavy-duty transport market.
Nimbus Power Systems, based in Groton, Connecticut, has successfully closed a pre-seed financing round led by Connecticut Innovations to accelerate the development of its zero-emission fuel cell engine for heavy-duty vehicles. The funding will enable Nimbus to showcase the viability and performance of its advanced technology, aiming to reduce emissions in the heavy-duty transport sector. The investment also reflects strong support from public and private stakeholders in the clean energy and transportation industries. CEO Michael Gorman expressed enthusiasm about partnering with Connecticut Innovations and investors to bring their groundbreaking technology to the market, emphasizing the importance of reducing greenhouse gas emissions. Nimbus plans to announce demonstration programs, development partners, and collaborations to further enhance their core technology and products. The new capital will be utilized for research, development, team expansion, and pilot projects to validate the performance and durability of their fuel cell technology in real-world conditions. Konstantine Drakonakis, Managing Director of the ClimateTech Fund at Connecticut Innovations, commended Nimbus Power Systems for their innovative approach and potential impact in reducing emissions globally. The company's fuel cell engine is engineered to be more efficient and environmentally friendly than traditional diesel engines, aligning with the transportation industry's decarbonization goals. Nimbus aims to be a key player in Connecticut's ecosystem for advanced fuel cell development and deployment, contributing to a cleaner and more sustainable transportation sector.
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