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First Hyundai, now a Belgium powerhouse, Pajarito Powder lands latest global investor

Albuquerque-based fuel cell catalyst maker Pajarito Powder has again caught the attention of a global player, this time out of Belgium.

Bekaert, which specializes in steel wire and coating technologies, has contributed to the startup’s Series B investment round. It’s the same fund that Hyundai Motor Co. made an investment in last year.

Steel from Bekaert is used to reinforce everything from tires to concrete. Its products can also be used for electrolyzers — and that’s where Pajarito Powder…
Source: The Business Journal

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