Vancouver’s Ionomr Innovations has raised $3 million in seed financing to advance the development, production and market expansion of its ion-exchange membranes and polymer products.
Founded in 2017 to commercialize a major performance breakthrough from polymer research undertaken at SFU, Ionomr is a developer of ion-exchange membrane and polymer solutions used in power sources of carbon free emission vehicles and energy storage for renewable power generation.
Based on this foundation, Ionomr has pioneered the development and production of environmentally friendly membranes and polymer products for use in advanced fuel cells, hydrogen production, batteries and renewable energy generation storage systems.
“We are grateful for the support of our investors as we demonstrate incredible momentum in developing superior products for our customers,” said Bill Haberlin , Chief Executive Officer of Ionomr Innovations.
“This new funding, which was led by BC-based seed fund Pallasite Ventures, will help us move rapidly and expand our work with internationally-recognized companies and product developers in the emerging clean energy economy.”
While hydrogen fuel cells and battery technologies are expected to play a major role in the decarbonization of the world’s energy systems, cost, performance and environmental constraints have hindered their widespread implementation.
Ionomr membranes and polymers will assist product developers to overcome these barriers by increasing performance and durability while eliminating the use of expensive precious metals and fluorinated compounds which can adversely affect our environment.