AP Ventures

AP Ventures is an independent venture capital firm established in 2018 and headquartered in London. The firm specializes in investing in advanced technology companies that utilize the unique properties of Platinum Group Metals to address global challenges, particularly in the hydrogen value chain. With a dedicated team possessing extensive expertise and a successful investment track record, AP Ventures focuses on supporting innovations that contribute to decarbonization and the pursuit of global net zero goals. The firm has been actively investing in hydrogen-related technologies since 2013, aiming to foster high-growth solutions that tackle pressing environmental issues.

Charlie Clark

Investment Manager

Kevin Eggers

Partner

Alexis Garavel

Senior Investment Manager

Sengo Garrine

Investment Manager

Risei Goto

Investment Manager

Andrew Hinkly

Managing Partner

Mardé van Wyk

Venture Partner

Brandon Zhanda

Investment Analyst

34 past transactions

Noble Gas Systems

Series B in 2025
Noble Gas Systems LLC, established in 2017 and headquartered in Novi, Michigan, specializes in the development of innovative gas storage and delivery systems tailored for the chemical and gas industries. The company employs conformable tank technology to provide safe and flexible solutions for storing and delivering various compressed gases, including natural gas, air, oxygen, hydrogen, and nitrogen. Noble Gas Systems aims to enable clients to store and utilize high-pressure gases in an economical manner, catering to the diverse needs of its clients in this sector.

Mitico

Seed Round in 2025
Mitico specializes in advanced carbon capture solutions, utilizing a patented granulated metal carbonate sorption technology developed at Caltech. This innovative approach effectively captures over 95% of carbon dioxide emissions from post-combustion sources, such as gas-fired power plants, boilers, and waste-to-energy facilities. By providing carbon capture, utilization, and storage (CCUS) as a service, Mitico enables clients to significantly reduce their carbon emissions at a lower cost compared to conventional methods. The company's technology aims to facilitate mass mitigation of carbon emissions, making it an essential partner for industries seeking to address environmental challenges and transition towards more sustainable practices.

Hydrogen Mem-Tech

Venture Round in 2024
Hydrogen Mem-Tech aim is to make the green shift happen through our state-of-the-art hydrogen separation technology with carbon capture.

ZeroAvia

Series C in 2024
ZeroAvia, Inc. is a company focused on developing zero-emission aircraft for commercial short-haul flights. Established in 2017 and headquartered in Hollister, California, with an office in Cranfield, United Kingdom, ZeroAvia specializes in hydrogen-electric propulsion systems. These systems are designed to eliminate aviation emissions while ensuring operational efficiency. The company aims to provide scalable technologies that can retrofit existing aircraft, thereby facilitating a transition to sustainable aviation. By collaborating with various stakeholders, ZeroAvia seeks to revolutionize the aviation industry through cleaner and more efficient flight options. Their powertrain utilizes a hydrogen fuel-cell system in limited-seat fixed-wing aircraft, which not only reduces emissions but also allows for the use of existing infrastructure, thus simplifying regulatory challenges and lowering both fuel and maintenance costs for aviation companies.

Airhive

Pre Seed Round in 2024
Airhive offers carbon removal, and developing a quicker, lower-cost, and more energy-efficient direct air capture system. Airhive Developing a hybrid geochemical-DAC technique that uses fluidisation to provide quick, low-cost CO2 removal.

HPNow

Series A in 2023
HPNow specializes in innovative water and air treatment solutions through the on-site generation of hydrogen peroxide. The company's technology allows for the efficient production of hydrogen peroxide using only water, electricity, and air, resulting in a safe and eco-friendly biocide. By utilizing their compact HPGen™ hydrogen-peroxide generators, HPNow aims to replace conventional disinfectants, such as chlorine, which are facing increasing regulation due to their toxicity. This approach not only offers cost savings and logistical advantages for users but also enhances food, water, and air safety while minimizing the environmental impact associated with traditional disinfectants. Through these advancements, HPNow is positioned to contribute significantly to multiple industries seeking safer and more sustainable purification methods.

Immaterial

Series A in 2023
Immaterial is a manufacturer and developer of highly porous nanomaterials that significantly enhance the storage and separation of gas molecules. The company's super-adsorbent materials can be integrated into gas tanks, allowing for increased storage capacity without altering pressure or volume. This innovation enables gas companies to reduce costs associated with the separation, storage, and transportation of gas, providing a more efficient solution in the energy sector.

ZeroAvia

Series C in 2023
ZeroAvia, Inc. is a company focused on developing zero-emission aircraft for commercial short-haul flights. Established in 2017 and headquartered in Hollister, California, with an office in Cranfield, United Kingdom, ZeroAvia specializes in hydrogen-electric propulsion systems. These systems are designed to eliminate aviation emissions while ensuring operational efficiency. The company aims to provide scalable technologies that can retrofit existing aircraft, thereby facilitating a transition to sustainable aviation. By collaborating with various stakeholders, ZeroAvia seeks to revolutionize the aviation industry through cleaner and more efficient flight options. Their powertrain utilizes a hydrogen fuel-cell system in limited-seat fixed-wing aircraft, which not only reduces emissions but also allows for the use of existing infrastructure, thus simplifying regulatory challenges and lowering both fuel and maintenance costs for aviation companies.

Amogy

Series B in 2023
Amogy is a company dedicated to creating carbon-free energy solutions for hard-to-abate sectors such as maritime, power generation, and heavy industry. The company's patented ammonia cracking technology effectively splits liquid ammonia to produce electrical power in combination with hydrogen fuel cells. This innovative approach not only enhances energy density but also offers a renewable fuel source that operates with zero carbon emissions, making it a cost-effective option for the transportation industry. By focusing on these advanced technologies, Amogy aims to facilitate emission-free mobility applications, contributing to the broader goal of decarbonization in various industries.

Fabrum

Series A in 2023
Fabrum is focused on the research, design, and development of innovative technologies aimed at supporting a lower-carbon economy. The company specializes in creating small to medium-scale liquefaction systems and composite cryogenic vessels, which facilitate the global deployment of liquid hydrogen solutions. Its offerings cater to various sectors, including heavy transport, mining, and aviation, allowing clients to access cost-effective supplies of liquid nitrogen, oxygen, and air. By concentrating on zero-emission transition technologies, Fabrum contributes to the advancement of sustainable practices within niche markets.

Hystar

Series B in 2023
Hystar develops polymer electrolyte membrane electrolyzers designed for large-scale green hydrogen production. Founded in 2020, Hystar's technology uses a unique cell design and process architecture that provides the ability to reduce electricity consumption and increase hydrogen output, enabling professionals to tackle various critical energy challenges and having the potential to reduce greenhouse gas emissions.

Starfire Energy

Series B in 2022
Starfire Energy develops and deploys sustainable energy technologies. It has developed a way to make clean liquid fuel from wind and solar power. The fuel is NH3 which is currently used as fertilizer and as a refrigerant but is also an energy-dense liquid fuel. Liquid fuel synthesis from clean energy is the next critical technology for sustainable energy. The company was founded in 2007 and is headquartered in Aurora, Colorado.

Amogy

Corporate Round in 2022
Amogy is a company dedicated to creating carbon-free energy solutions for hard-to-abate sectors such as maritime, power generation, and heavy industry. The company's patented ammonia cracking technology effectively splits liquid ammonia to produce electrical power in combination with hydrogen fuel cells. This innovative approach not only enhances energy density but also offers a renewable fuel source that operates with zero carbon emissions, making it a cost-effective option for the transportation industry. By focusing on these advanced technologies, Amogy aims to facilitate emission-free mobility applications, contributing to the broader goal of decarbonization in various industries.

C-Zero

Venture Round in 2022
C-Zero is a hard-tech startup based in Santa Barbara, California, focused on developing innovative technology to decarbonize natural gas. The company utilizes high-temperature catalytic systems to decompose methane, the main component of natural gas, into hydrogen and solid carbon. This process aims to eliminate carbon dioxide emissions associated with energy production. C-Zero's hydrogen can be applied across various industries, including ammonia production, electric generation, process heating, and fuel cell vehicles, potentially addressing up to 75% of global CO2 emissions. By providing a solution for energy companies to reduce their emissions while maintaining low-cost energy availability, C-Zero is positioned to make a significant impact on climate change and energy sustainability.

Noble Gas Systems

Series A in 2022
Noble Gas Systems LLC, established in 2017 and headquartered in Novi, Michigan, specializes in the development of innovative gas storage and delivery systems tailored for the chemical and gas industries. The company employs conformable tank technology to provide safe and flexible solutions for storing and delivering various compressed gases, including natural gas, air, oxygen, hydrogen, and nitrogen. Noble Gas Systems aims to enable clients to store and utilize high-pressure gases in an economical manner, catering to the diverse needs of its clients in this sector.

Hydrogen Mem-Tech

Venture Round in 2022
Hydrogen Mem-Tech aim is to make the green shift happen through our state-of-the-art hydrogen separation technology with carbon capture.

Fairbrics

Seed Round in 2022
Fairbrics is a company focused on creating sustainable fabrics that benefit the environment. It has developed a platform that captures carbon dioxide from the atmosphere and transforms it into ethylene glycol, a key component of polyester used in clothing production. By utilizing CO2 waste, Fairbrics aims to manufacture synthetic fabrics with a net positive impact on climate change, addressing the increasing demand from fashion brands and consumers for eco-friendly solutions. Through its innovative approach, Fairbrics seeks to enable the fashion industry to contribute to a greener future while still offering the latest trends in apparel.

EH Group

Seed Round in 2022
EH Group Engineering (EHG) aims to become a leading player in the emerging hydrogen economy. This is via the commercialisation of a low temperature fuel cell (FC) based on a radical new design and the development of a transformative manufacturing technique that dramatically reduces costs. They are based in Canton de Vaud in Switzerland, in close proximity to their key industrial partners. Together with them and in collaboration with their sources of academic expertise, EHG seeks to accelerate the commercialisation and large scale deployment of hydrogen fuel cells in a decarbonising world.

Amogy

Series A in 2021
Amogy is a company dedicated to creating carbon-free energy solutions for hard-to-abate sectors such as maritime, power generation, and heavy industry. The company's patented ammonia cracking technology effectively splits liquid ammonia to produce electrical power in combination with hydrogen fuel cells. This innovative approach not only enhances energy density but also offers a renewable fuel source that operates with zero carbon emissions, making it a cost-effective option for the transportation industry. By focusing on these advanced technologies, Amogy aims to facilitate emission-free mobility applications, contributing to the broader goal of decarbonization in various industries.

ZeroAvia

Series B in 2021
ZeroAvia, Inc. is a company focused on developing zero-emission aircraft for commercial short-haul flights. Established in 2017 and headquartered in Hollister, California, with an office in Cranfield, United Kingdom, ZeroAvia specializes in hydrogen-electric propulsion systems. These systems are designed to eliminate aviation emissions while ensuring operational efficiency. The company aims to provide scalable technologies that can retrofit existing aircraft, thereby facilitating a transition to sustainable aviation. By collaborating with various stakeholders, ZeroAvia seeks to revolutionize the aviation industry through cleaner and more efficient flight options. Their powertrain utilizes a hydrogen fuel-cell system in limited-seat fixed-wing aircraft, which not only reduces emissions but also allows for the use of existing infrastructure, thus simplifying regulatory challenges and lowering both fuel and maintenance costs for aviation companies.

Infinium

Venture Round in 2021
Infinium is a provider of electrofuels that produces synthetic fuels from renewable energy and waste carbon dioxide. The company's ultra-low carbon electrofuels serve as drop-in replacements for traditional petroleum-derived products, allowing for immediate integration into existing transportation systems and chemical processes, such as plastics production. This approach significantly reduces greenhouse gas emissions and helps clients meet carbon reduction targets without the need for extensive capital investment or time-consuming upgrades. Through its innovative solutions, Infinium aims to decarbonize the transportation sector and contribute to a more sustainable future.

General Lattice

Pre Seed Round in 2021
General Lattice focuses on creating advanced CAD software solutions tailored for the manufacturing sector. The company provides additive design tools and methodologies, assisting clients in scaling their applications from concept to production. By collaborating closely with clients, General Lattice integrates the advantages of lattice structuring and product personalization into their offerings. This approach enables clients to effectively design, prototype, and manufacture successful applications in additive manufacturing.

Hydrogenious Technologies

Venture Round in 2021
Founded in 2013, Hydrogenious Technoloiges is a spin-off of the University of Erlangen-Nuremberg by its CEO Dr. Daniel Teichmann and the three co-founders Prof. Wolfgang Arlt, Prof. Peter Wasserscheid and Prof. Eberhardt Schlücker. The need for safe and efficient hydrogen storage for multi-MWh energy storage systems and safe and reliable hydrogen storage for hydrogen refuelling stations and fuel cell mobility was imminent – and Liquid Organic Hydrogen Carriers (LOHC) proved to be the solution. Having completed the technological proof of concept at the university’s laboratories, the idea became reality and Hydrogenious Technologies, a global pioneer in LOHC based energy storage, was born. With the University of Erlangen-Nuremberg becoming a shareholder in May 2014 and the successful close of a Series A funding round in July 2014 with Anglo American Platinum as investor, Hydrogenious Technologies is now backed with strong scientific, strategic and financial capacities to revolutionize large-scale energy and hydrogen storage.

ZeroAvia

Venture Round in 2021
ZeroAvia, Inc. is a company focused on developing zero-emission aircraft for commercial short-haul flights. Established in 2017 and headquartered in Hollister, California, with an office in Cranfield, United Kingdom, ZeroAvia specializes in hydrogen-electric propulsion systems. These systems are designed to eliminate aviation emissions while ensuring operational efficiency. The company aims to provide scalable technologies that can retrofit existing aircraft, thereby facilitating a transition to sustainable aviation. By collaborating with various stakeholders, ZeroAvia seeks to revolutionize the aviation industry through cleaner and more efficient flight options. Their powertrain utilizes a hydrogen fuel-cell system in limited-seat fixed-wing aircraft, which not only reduces emissions but also allows for the use of existing infrastructure, thus simplifying regulatory challenges and lowering both fuel and maintenance costs for aviation companies.

Postpay

Venture Round in 2021
Postpay is a fintech company based in Dubai, United Arab Emirates, that specializes in buy now, pay later services. Founded in 2019 by Tariq Sheikh, Postpay enables customers to split their purchases into three or four equal payments without incurring any interest, fees, or hidden charges. This flexibility is designed to enhance the shopping experience, allowing consumers to manage their finances more effectively when making both online and offline purchases. By partnering with a wide range of merchants, Postpay provides a convenient payment solution that caters to the diverse needs of its customers.

Starfire Energy

Venture Round in 2021
Starfire Energy develops and deploys sustainable energy technologies. It has developed a way to make clean liquid fuel from wind and solar power. The fuel is NH3 which is currently used as fertilizer and as a refrigerant but is also an energy-dense liquid fuel. Liquid fuel synthesis from clean energy is the next critical technology for sustainable energy. The company was founded in 2007 and is headquartered in Aurora, Colorado.

Amogy

Funding Round in 2021
Amogy is a company dedicated to creating carbon-free energy solutions for hard-to-abate sectors such as maritime, power generation, and heavy industry. The company's patented ammonia cracking technology effectively splits liquid ammonia to produce electrical power in combination with hydrogen fuel cells. This innovative approach not only enhances energy density but also offers a renewable fuel source that operates with zero carbon emissions, making it a cost-effective option for the transportation industry. By focusing on these advanced technologies, Amogy aims to facilitate emission-free mobility applications, contributing to the broader goal of decarbonization in various industries.

Infinium

Venture Round in 2021
Infinium is a provider of electrofuels that produces synthetic fuels from renewable energy and waste carbon dioxide. The company's ultra-low carbon electrofuels serve as drop-in replacements for traditional petroleum-derived products, allowing for immediate integration into existing transportation systems and chemical processes, such as plastics production. This approach significantly reduces greenhouse gas emissions and helps clients meet carbon reduction targets without the need for extensive capital investment or time-consuming upgrades. Through its innovative solutions, Infinium aims to decarbonize the transportation sector and contribute to a more sustainable future.

C-Zero

Venture Round in 2021
C-Zero is a hard-tech startup based in Santa Barbara, California, focused on developing innovative technology to decarbonize natural gas. The company utilizes high-temperature catalytic systems to decompose methane, the main component of natural gas, into hydrogen and solid carbon. This process aims to eliminate carbon dioxide emissions associated with energy production. C-Zero's hydrogen can be applied across various industries, including ammonia production, electric generation, process heating, and fuel cell vehicles, potentially addressing up to 75% of global CO2 emissions. By providing a solution for energy companies to reduce their emissions while maintaining low-cost energy availability, C-Zero is positioned to make a significant impact on climate change and energy sustainability.

HPNow

Seed Round in 2020
HPNow specializes in innovative water and air treatment solutions through the on-site generation of hydrogen peroxide. The company's technology allows for the efficient production of hydrogen peroxide using only water, electricity, and air, resulting in a safe and eco-friendly biocide. By utilizing their compact HPGen™ hydrogen-peroxide generators, HPNow aims to replace conventional disinfectants, such as chlorine, which are facing increasing regulation due to their toxicity. This approach not only offers cost savings and logistical advantages for users but also enhances food, water, and air safety while minimizing the environmental impact associated with traditional disinfectants. Through these advancements, HPNow is positioned to contribute significantly to multiple industries seeking safer and more sustainable purification methods.

Hydrogenious Technologies

Venture Round in 2019
Founded in 2013, Hydrogenious Technoloiges is a spin-off of the University of Erlangen-Nuremberg by its CEO Dr. Daniel Teichmann and the three co-founders Prof. Wolfgang Arlt, Prof. Peter Wasserscheid and Prof. Eberhardt Schlücker. The need for safe and efficient hydrogen storage for multi-MWh energy storage systems and safe and reliable hydrogen storage for hydrogen refuelling stations and fuel cell mobility was imminent – and Liquid Organic Hydrogen Carriers (LOHC) proved to be the solution. Having completed the technological proof of concept at the university’s laboratories, the idea became reality and Hydrogenious Technologies, a global pioneer in LOHC based energy storage, was born. With the University of Erlangen-Nuremberg becoming a shareholder in May 2014 and the successful close of a Series A funding round in July 2014 with Anglo American Platinum as investor, Hydrogenious Technologies is now backed with strong scientific, strategic and financial capacities to revolutionize large-scale energy and hydrogen storage.

Greyrock Energy

Venture Round in 2019
Greyrock Energy Inc. specializes in developing innovative technologies for the direct conversion of natural gas and other gas resources into pump-ready transportation fuels. The company offers systems such as the MicroGTL plant, which uses advanced catalysis and an adaptive control system to streamline fuel production, and the Direct-to-Diesel catalyst, which simplifies the traditional gas-to-liquids processes. Greyrock’s Adaptive Control system maximizes diesel output by integrating various operational units, while its GS system converts multiple gas feedstocks into high-quality transportation fuels. Additionally, Greyrock provides comprehensive services, including feasibility studies, engineering, procurement, construction management, and operational support. Established in 2006 and headquartered in West Sacramento, California, Greyrock Energy aims to address environmental and energy challenges through its distributed fuel production technologies.

Ergosup

Series B in 2019
Ergosup developes an innovative process for producing high pressure hydrogen on site for refueling hydrogen fuel vehicles.
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