Pajarito Powder has recently garnered additional funding from several sources, the sum of which will provide another year of product commercialization runway. STC.UNM’s contribution represents a particularly welcome addition, as it represents support for UNM transfer technology being brought to life in the form of lower cost, non-platinum fuel cell catalyst technology.
Albuquerque Business First’s Dan Mayfield provides a summary of STC. UNM’s recent investment in Pajarito Powder.
The University of New Mexico Foundation is now in the venture capital game.
The foundation has approved its first co-investment of $100,000 with Pajarito Powder LLC, a company using UNM technology to reimagine how fuel-cell motors work, Pajarito Powder CEO Tom Stephenson said.
For Pajarito Powder, the $100,000 investment will give the firm more time to grow and develop its technology.
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