Funding Round attributes
Koloma, a Denver-based startup focused on natural hydrogen exploration, has secured an additional $50 million in a funding extension, raising its total Series B round to $245 million. This round is supported by notable investors, including Mitsubishi Heavy Industries and Osaka Gas. The company, founded in 2021, aims to pioneer the extraction of naturally occurring hydrogen, offering a cleaner alternative to conventional carbon-based fuels.
Koloma's technology seeks to harness hydrogen from geological reserves, a process that could significantly reduce the environmental footprint compared to traditional hydrogen production methods. The latest funding will accelerate the company’s efforts in hydrogen exploration, particularly in the Midwest U.S., where it is actively searching for viable hydrogen deposits.
