Tech Company Financing Transactions
Verne Funding Round
On 4/18/2024, Verne raised investment from Trucks Venture Capital, Amazon and Collaborative Fund.
Transaction Overview
Company Name
Announced On
4/18/2024
Transaction Type
Venture Equity
Amount
Unknown
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to accelerate development of their cryo-compressed hydrogen (CcH2) technology for on-board hydrogen storage for heavy-duty vehicles.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
115 Stillman Street
San Francisco, CA 94107
USA
San Francisco, CA 94107
USA
Phone
Undisclosed
Website
Email Address
Overview
The Verne co-founders, Ted, David, and Bav came together while at Stanford and UC Berkeley with a vision for improving hydrogen's use as a fuel. Through their research they dove into decades of development led by Lawrence Livermore National Lab and BMW to develop a new, dense form of hydrogen storage: cryo-compression.
Management Team
Title
Name
Email & Social
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