Home Startup Andrew Forrest backs Kiwi hydrogen tech startup Fabrum in NZ$23 million Collection A

Andrew Forrest backs Kiwi hydrogen tech startup Fabrum in NZ$23 million Collection A

Andrew Forrest backs Kiwi hydrogen tech startup Fabrum in NZ$23 million Collection A


New Zealand liquid hydrogen tech firm Fabrum has raised NZ$23 million (A$21m) in a Collection A

The spherical was led by London VC AP Ventures, with participation from Dr Andrew Forrest’s Fortescue Future Industries, Japan’s Obayashi Company and New Zealand VC K1W1.

The Christchurch-based enterprise, based in 2004, is taken into account a world chief in industrialised small to medium-scale liquefaction programs and composite cryogenic vessels, with a deal with liquid hydrogen, one of many key areas of curiosity and funding for the Fortescue mining billionaire in his push in the direction of web zero emissions.

Fabrum‘s key space of experience is in inexperienced hydrogen manufacturing, storage, allotting, and system integration.

The corporate actively deploys end-to-end liquid hydrogen options globally throughout heavy transport, mining and aviation markets, with a world buyer base that spans animal husbandry, hi-tech analysis establishments and manufacturing with its cryogenic options. 

The brand new funding shall be used to increase Fabrum’s international presence and construct a brand new manufacturing facility in Christchurch to fulfill rising demand for its end-to-end hydrogen programs and different applied sciences.

The corporate just lately signed a producing settlement with UK-based inexperienced hydrogen expertise and manufacturing firm CPH2, which has developed the IP-protected Membrane-Free Electrolyser to fabricate the electrolysers in Christchurch

Fabrum founder and chair Christopher Boyle stated the funding is a important milestone “validating the expertise improvement pathway that fellow founder Hugh Reynolds and I’ve constructed over the past 18 years”.

Fabrum Options and AFCryo, the corporate’s cryogenic programs provider merged in mid 2022 to create Fabrum.

“Fabrum was created to leverage Christchurch’s sturdy expertise manufacturing historical past and Canterbury College’s very proficient Engineering Faculty,” Boyle stated.

“Bringing functionality and expertise collectively to develop world-leading expertise that can genuinely allow a world shift to sustainable transportation and trade has been our core function. It’s really thrilling to have the help of this world-class group of traders to ship on this imaginative and prescient.”

CEO Dr Ojas Mahapatra stated their strategic traders are international pioneers within the hydrogen ecosystem spanning the areas they need to increase into,

“Attracting traders of this calibre validates Fabrum’s expertise and success so far. This funding will assist us speed up our game-changing applied sciences to unlock worth within the zero-emission transition worth chain and supply a brand new future for sustainable transport, journey, trade and vitality self-sufficiency.”

Fortescue Future Industries CEO Mark Hutchinson stated Fabrum is extremely nicely revered and extremely credentialed.

“Our funding supplies us with a share in an organization creating world-leading purposes for hard-to-abate sectors like mining, heavy transport and aviation,” he stated.

“Fabrum is a intelligent, progressive crew doing improbable work pioneering liquid hydrogen purposes and the kind of enterprise that we need to see succeeding to assist develop inexperienced hydrogen as the long run gas of selection. 

“The progressive purposes being developed by Fabrum will contribute to the expansion of provide and demand for inexperienced hydrogen globally and assist to ship on Fortescue’s decarbonisation plan for its mining operations.”






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