Tech Company Financing Transactions
Verne Funding Round
On 4/18/2024, Verne raised investment from Trucks Venture Capital, Amazon and Collaborative Fund.
Transaction Overview
Company Name
Announced On
4/18/2024
Transaction Type
Venture Equity
Amount
Unknown
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to accelerate development of their cryo-compressed hydrogen (CcH2) technology for on-board hydrogen storage for heavy-duty vehicles.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
115 Stillman Street
San Francisco, CA 94107
USA
San Francisco, CA 94107
USA
Phone
Undisclosed
Website
Email Address
Overview
The Verne co-founders, Ted, David, and Bav came together while at Stanford and UC Berkeley with a vision for improving hydrogen's use as a fuel. Through their research they dove into decades of development led by Lawrence Livermore National Lab and BMW to develop a new, dense form of hydrogen storage: cryo-compression.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ted McKlveen
Chief Operating Officer
Bav Roy
Chief Technical Officer
David Jaramillo
Browse more venture capital transactions:
Prev: 4/18/2024: Outrun Therapeutics venture capital transaction
Next: 4/18/2024: AIPERIA venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on tech company VC transactions. VC transactions reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs