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§ Private Profile · Milwaukee, WI, USA
Developer of low-cost green hydrogen electrolyzers for heavy industry, utilizing industrial waste heat to reduce production costs.
Based in Milwaukee, Wisconsin, Advanced Ionics develops water vapor electrolyzers that utilize existing industrial waste heat to produce low-cost green hydrogen for heavy industry applications. The company's proprietary technology reduces the overall electricity required for electrolysis without relying on critical minerals, enabling hydrogen production costs of less than one dollar per kilogram. Operating on a business-to-business hardware sales model, the enterprise targets decarbonization efforts within the petrochemical, refinery, ammonia, and steel manufacturing sectors through pilot programs and commercial deployments. Advanced Ionics has raised over $16 million in total venture financing to scale its manufacturing capabilities and support global growth initiatives. This capital includes a $12.5 million Series A funding round backed by prominent institutional investors such as BP Ventures, Clean Energy Ventures, and Mitsubishi Heavy Industries. The organization was founded in 2017 by Chad Mason.
Advanced Ionics has raised $23.4M across 3 funding rounds.
Advanced Ionics has raised $23.4M in total across 3 funding rounds.
Advanced Ionics has raised $23.4M in total across 3 funding rounds.
Advanced Ionics's investors include BP Ventures, Clean Energy Ventures.
Advanced Ionics has raised $23.4M across 3 funding rounds. Most recently, it raised $6.7M Other Equity in January 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 8, 2025 | $6.7M Venture Round | — | — | Announced |
| Aug 24, 2023 | $12.5M Series A | BP Ventures | — | Announced |
| Oct 19, 2022 | $4.2M Seed | Clean Energy Ventures | — | Announced |