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.