Naco Technologies, a Riga-based company specializing in advanced nano-coatings for green
hydrogen systems, recently secured a significant investment of €1.2 million in a pre-Series A
round.
This funding came from two notable backers, Impact Ventures and The Untitled Ventures.
Naco Technologies has made remarkable strides in improving the effectiveness and durability of
electrolyzers and fuel cells, crucial components in green energy production. With this financial
boost, Naco aims to expand globally by establishing itself in key markets, intensify its research and
development efforts to further innovate its nano-coating technologies, and fortify its team and
infrastructure to meet the growing demand for its solutions in the green hydrogen sector.
Source: https://arcticstartup.com/naco-technologies-raises-e1-2m/
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