TerraLIX

TerraLIX is a South Korean company founded in 2019, specializing in the development of hydrogen fuel cell packs. The company's slogan, "Making the Earth More Livable by Providing Advanced Fuel Cell Solutions," encapsulates its mission to create a cleaner world through innovative hydrogen fuel cell power pack technology. TerraLIX has gained recognition for its technology credibility, as evidenced by its involvement in government tasks, patent applications, and successful investment attraction. The company has differentiated itself by securing stack performance and durability through the application of a closed-cathode, which has enhanced the conventional open-cathode method. The innovative technology developed by TerraLIX allows its product system to be utilized for small, large mobility, and power generation with improved stability and performance. Furthermore, the company emphasizes the benefits of durability and stability adoption for the application of its technology, ultimately aiming to enhance the competitiveness of its customers' products. In April 2022, TerraLIX secured a notable KRW11.00B Series B investment, attracting support from a diverse group of investors including L&S Venture Capital, SJ Investment Partners, DSC Investment, Schmidt, PNP Investment, Tony Investment, HG Initiative, Kayon Partners, JB Investment, and Earnest Ventures. This strong investor backing reflects confidence in TerraLIX's innovative approach and its potential to drive advancements in the hydrogen fuel cell industry.