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Naco Technologies logo — Empowering the green hydrogen revolution.

Naco Technologies

Empowering the green hydrogen revolution.

Founded 2020 Latvia Latvia 15 employees Seed Total: $15.20M Manufacturing

General Information

Company Name Naco Technologies
Founded Year 2020
Location Latvia Latvia +1
Employees 15
Industries Manufacturing
Funding Stage Seed
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About Naco Technologies

Naco Technologies, with the slogan "Empowering the green hydrogen revolution," was founded in 2020 in Latvia and operates in the manufacturing industry. The company recently secured a notable €2.50M Seed Round investment on 14 January 2025 from The Untitled Venture Company, Radix Ventures, KENDRIS Capital, and Impact Ventures Hungary. The startup aims to address the challenges faced by industrial hydrogen producers in scaling for the increased market demand to achieve Carbon Neutrality. Naco Technologies focuses on replacing expensive noble materials, such as platinum, which are currently critical in the catalytic process for producing clean hydrogen from water. Its specialized nano-coatings and novel materials aim to reduce the reliance on such costly materials, thus significantly improving the performance of hydrogen systems, providing unique material recipes and coating solutions, and reducing overall system costs. Naco Technologies sets itself apart by offering solutions with secure IP and industrialization readiness, enabling its customers to scale hydrogen system production without the constraints of expensive materials or intense competition. The company's innovative approach holds the potential to drive the Clean Energy Revolution by enabling more cost-effective and efficient hydrogen production and usage across various industries, including transportation and industrial manufacturing.

Taxonomy: cleantech, green hydrogen, nano coatings, advanced materials, industrial hydrogen production, cleantech innovation, hydrogen system optimization, hydrogen production technology, renewable energy solutions, nanotechnology applications, clean energy technologies, sustainable industrial practices

Services & Products

Nano-coating solutions
Engineering and simulation
Analytics and quality control
Nano-coated component production

Target Customers

Hydrogen electrolyzer and fuel cell producers

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round •••••• 4 •••• •••• 14 Jan 2025
Seed Round •••••• 2
Investor
•••• •••• 		20 Dec 2023
Grant •••••• 1
Investor
04 Apr 2023
Seed Round •••••• 2
Investor
•••• •••• 		14 Mar 2022

Latest News

View All
Innovation in the Baltics: 10 promising Latvian startups to keep an eye on in 2025 — Eu-startups
Innovation in the Baltics: 10 promising Latvian startups to keep an eye on in 2025
Eu-startups Feb 07, 2025

Naco Technologies Alternatives & Competitors

Naco Technologies vs
HSL Technologies (HySiLabs)
HSL Technologies (HySiLabs) France

HSL Technologies delivers a unique hydrogen transportation solution: an innovative hydrogen liquid c...

Unknown
46 employees
Naco Technologies vs
Boson Energy
Boson Energy Luxembourg

Transform otherwise non-recyclable waste into clean, local, carbon negative, affordable H2, green mo...

Grant
26 employees
Energy, Renewable Energy
Naco Technologies vs
H2Electro
H2Electro Estonia

Producer of high efficiency solid oxide electrolysis cells and stacks: the next generation of power-...

9 employees

FAQ About Naco Technologies

Empowering the green hydrogen revolution.
Naco Technologies was founded in 2020.
Naco Technologies is headquartered in Latvia.
Naco Technologies operates in the following industries: Manufacturing.
Naco Technologies has approximately 15 employees.
Naco Technologies has completed 4 funding rounds, raising a total of $15.20M. The latest funding stage is Seed.
Naco Technologies offers: Nano-coating solutions, Engineering and simulation, Analytics and quality control, Nano-coated component production.
Top alternatives and competitors to Naco Technologies include HSL Technologies (HySiLabs), Boson Energy, H2Electro, Jolt Activated Electrodes, Nium. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Naco Technologies and HSL Technologies (HySiLabs) are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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