Hydrogenious LOHC Technologies GmbH announced that it has entered into an investment agreement and shareholders' agreement for gross proceeds of 50 million co-led by new investors, JERA Americas Inc. for 15 million and Temasek Holdings (Private) Limited on September 13, 2021. The transaction also included participation from other new investor, Future Energy Fund II, a fund managed by Chevron Technology Ventures L.L.C. and Pavilion Capital Partners LLC, returning investors, AP Ventures LLP, Royal Vopak N.V., and Winkelmann Group GmbH + Co. KG.
The transaction has been oversubscribed.