Fabrum, a New Zealand-based startup, announced its $23 million Series A fundraising, which was led by AP Ventures of London and included Fortescue Future Industries of Australia, Obayashi Corporation of Japan, and K1W1 of New Zealand.
To meet the growing demand for its end-to-end hydrogen systems and other technologies for aerospace, heavy transportation, and heavy industries, Fabrum plans to scale up its manufacturing capacity with a new purpose-built manufacturing facility at its Christchurch headquarters using the additional funding.
For its core competences in green hydrogen generation, storage, dispensing, and system integration, Fabrum has established a reputation as an innovator on a global scale.
The investment comes after Fabrum recently disclosed that it has inked a production contract with CPH2, a UK-based manufacturer of green hydrogen technology and the inventor of the IP-protected Membrane-Free Electrolyser (or “MFE”). This will make it possible for Fabrum to produce the electrolysers it needs to build the hydrogen production systems it needs in Christchurch, New Zealand, in conjunction with its cryogenic technology.