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§ Private Profile · Albuquerque, NM, USA
Develops and distributes low-carbon hydrogen via modular, on-site production hubs for mobility, power, and industrial sectors.
Based in Albuquerque, New Mexico, BayoTech develops modular, on-site hydrogen production hubs and high-pressure transport trailers to provide localized low-carbon hydrogen distribution. The company generates revenue through equipment sales, leases, and a gas-as-a-service model that delivers fuel directly to industrial manufacturing, power generation, and zero-emission mobility customers. Operating with an estimated 51 to 166 employees, the enterprise has secured $171.7 million in total funding, reaching an estimated $210.3 million valuation following a $157 million equity investment led by Newlight Partners alongside Cottonwood Technology Funds. The firm supplies hydrogen infrastructure to notable corporate partners, recently opening a commercial hub producing 350 tons annually and contracting to supply up to 50 Nikola Corporation trucks alongside ongoing work with Emerson. BayoTech was founded in 2015 by Justin Baca, utilizing innovative technology originally developed at Sandia National Laboratories.
BayoTech has raised $169.5M across 2 funding rounds.
BayoTech has raised $169.5M in total across 2 funding rounds.
BayoTech has raised $169.5M in total across 2 funding rounds.
BayoTech's investors include Mark Longstreth, Cottonwood Technology Fund, Mark Comora, Sun Mountain Capital, David Blivin, Sally Corning.
BayoTech has raised $169.5M across 2 funding rounds. Most recently, it raised $157.0M Other Equity in January 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 5, 2021 | $157M Venture Round | Mark Longstreth | Cottonwood Technology Fund, Mark Comora, SUN Mountain Capital | Announced |
| Apr 6, 2018 | $12.5M Series B | — | David Blivin, Sally Corning | Announced |