The Groningen- and Eindhoven-based startup Avoxt has secured an investment from Future Tech Ventures, the NOM, and the Brabant Startup Fund to accelerate the further development and scaling of its revolutionary electrolyzer technology. This innovation enables hydrogen production to become more efficient, safer, and more affordable than ever before, marking a crucial step in the global energy transition. The investment was finalized on March 26 at the Future Tech Ventures office in Groningen. Previously, Avoxt had already received a Rabo Innovation Loan, bringing the total funding raised by the startup to over €1 million.

Read the full press release here on Avoxt's website.

Picture by: Casper Maas.
Picture from left to right:  Niek Huizenga, Alexander Draaier, Kyra Weaver,  Ton Rademaker, Pascal van Bakel,, John Bell.