Strohm Holding B.V announced that it has entered into definitive agreements to receive funding on August 12, 2022. The transaction will include participation from new investor HydrogenOne Capital Growth plc, and returning investors Shell Ventures, Chevron Technology Ventures L.L.C., Evonik Venture Capital GmbH. The company will receive €14 million in its first tranche closing in which HydrogenOne Capital Growth plc will invest €10 million.

The company will receive atleast €6 million in its second tranche which is expected later in 2022. HydrogenOne Capital Growth plc will join the company's board of directors as a part of the transaction.