ALBUQUERQUE, NEW MEXICO – Dec 17, 2021 – U.S.-based startup Pajarito Powder was announced as a finalist in the Albuquerque Business First “Deals of the Year” for the Series B investment led by Hyundai Motor Company.

CEO and Chairman Thomas J. Stephenson stated, “We are honored to be one of the finalists selected by the Albuquerque Business First in the Tech category – and look forward to announcing more positive things to report on in the future.”  Stephenson, who is also the cofounder of Pajarito Powder indicates that this year will be one of tremendous effort to address the rapidly growing demand for electrocatalyst products at the core of fuel cell and electrolyzer technologies.

About Pajarito Powder

Based in Albuquerque, New Mexico, USA, Pajarito Powder, LLC is a world leader in the development and commercialization of advanced electrocatalysts for fuel cells and electrolyzers. Pajarito Powder manufactures a range of catalyst products using its own intellectual property as well as intellectual property licensed from the University of New Mexico, Los Alamos National Laboratory, and Institut National de la Recherche Scientifique. Pajarito Powder manufacturers catalysts for use with proton-exchange membranes (PEM) and alkaline fuel cells and electrolyzers; it also manufactures a proprietary Precious-Metal-Free catalyst for fuel cells. Pajarito Powder materials more effectively use the platinum group metals (PGM) component of catalysts, resulting in higher performance, better stability and improved durability.

Pajarito Powder is a venture-backed startup funded by Hyundai Motor Company, Verge Fund, Omphalos Venture Partners and other private investors.