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Pajarito Powder
Albuquerque, US · Founded 2012 · Delaware LLC · 5 known investors
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Pajarito Powder manufactures advanced catalysts for PEM fuel cells and electrolyzers, including precious metal-containing catalysts, Engineered Catalyst Supports (ECS), and iridium oxide OER catalysts for PEM water electrolysis. It also develops tailorable mesoporous carbon supports (VariPore) and works on scaling catalyst manufacturing for the hydrogen energy industry.
Founders & leadership
Pajarito Powder was founded in 2012 by Paul Short and Thomas J. Stephenson.
Investors · 5
How we know: the company's own site · Not right? Tell us
How we know: Saba Investments's portfolio page · Not right? Tell us
How we know: pajaritopowder.com · Not right? Tell us
Also in the syndicate · 2
Funding
SEC filings, press & company announcements$9.4M disclosed across 1 of 3 rounds · 2021–2025
- Undisclosed amountB-3 roundApr 2025
Ecovyst Catalyst Technologies Inc. (lead), Hyundai Motor Company, Kia Corporation
Source ↗ - Undisclosed amountSeries BSep 2022Source ↗
▶$9.4MraisedJun 2021 · 24 investors · Other TechnologyRule 506(b)
- Thomas StephensonExecutive Officer, Director
- Sukhwan YunDirector
- Paul ShortDirector
- Christian MohrdieckDirector
- Barr ZuleviExecutive Officer
- Offering amount
- $12.6M
- Amount sold
- $9.4M
- Proceeds to insiders
- $972K
- First sale
- Jun 2021
- Incorporated
- Limited Liability Company, Delaware
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Non-dilutive funding · 2 SBIR/STTR awards
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| Department of Energy | Phase I | 2021 | $200K |
| Department of Energy | Phase I | 2017 | $150K |
Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.
In the news
Frequently asked questions
- What does Pajarito Powder do?
- Pajarito Powder manufactures advanced catalysts for PEM fuel cells and electrolyzers, including precious metal-containing catalysts, Engineered Catalyst Supports (ECS), and iridium oxide OER catalysts for PEM water electrolysis. It also develops tailorable mesoporous carbon supports (VariPore) and works on scaling catalyst manufacturing for the hydrogen energy industry.
- Who founded Pajarito Powder?
- Pajarito Powder was founded by Paul Short, Thomas J. Stephenson in 2012.
- Who are Pajarito Powder's investors?
- Pajarito Powder's investors include Verge Fund, Saba Investments, KIA.
- How much funding has Pajarito Powder raised?
- Pajarito Powder has disclosed $9.4M raised across 1 of its 3 known rounds.
- Where is Pajarito Powder headquartered?
- Pajarito Powder is headquartered in Albuquerque, US.