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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
Employees 15
Industries Manufacturing
Funding Stage Seed
Social

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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.

Business keywords: 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 €2.50M 4
The Untitled Venture Company, Radix Ventures +2
14 Jan 2025
Seed Round €1.20M 2
Impact Ventures
Impact Ventures, The Untitled Venture Company
20 Dec 2023
Grant €10.00M 1
European Innovation Council
European Innovation Council
04 Apr 2023
Seed Round €1.50M 2
Buildit Accelerator
Buildit Accelerator, The Untitled Venture Company
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

View All Alternatives
Naco Technologies vs
Advanced Ionics
Advanced Ionics United States

Green hydrogen without the green premium.

Series A
33 employees
Energy, Manufacturing
Naco Technologies vs
NanoTerraTech
NanoTerraTech Canada

Environmentally Sustainable Advanced Carbon Materials from Forestry Waste Replacing Fossil Fuel Deri...

Seed
3 employees
Manufacturing, Sustainability
Naco Technologies vs
HYDROLYX Energy
HYDROLYX Energy Turkey

Manufacturing industrial carbon free energy systems to produce green & turquoise hydrogen from waste...

Non Equity Assistance
2 employees
Energy, Manufacturing
View all alternatives

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 Manufacturing. Its work centres on cleantech, green hydrogen, nano coatings and advanced materials. Its customers include Hydrogen electrolyzer and fuel cell producers.
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 Advanced Ionics, NanoTerraTech, HYDROLYX Energy, SunGreen, Atawey Hydrogen. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Naco Technologies and Advanced Ionics 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.

Source: BounceWatch company record for Naco Technologies, https://bouncewatch.com/company/naco, updated 13 April 2025. When citing, please name BounceWatch and link this page.

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