Fundraising Fox

Verne

San Francisco, US · 6 known investors

Verne develops cryo-compressed hydrogen storage and densification equipment for low-cost hydrogen distribution to industrial users, heavy-duty vehicles, and off-road equipment. The company focuses on enabling commercial-scale hydrogen adoption in hard-to-decarbonize sectors including transportation, chemicals, and steel production.

Founders & leadership

BRBav Roy
Bav RoyinCo-founder & COO

Investors · 6

Non-dilutive funding · 2 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
ARPA-EPhase II2022$324.5K
ARPA-EPhase I2022$175.1K

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 Verne do?
Verne develops cryo-compressed hydrogen storage and densification equipment for low-cost hydrogen distribution to industrial users, heavy-duty vehicles, and off-road equipment. The company focuses on enabling commercial-scale hydrogen adoption in hard-to-decarbonize sectors including transportation, chemicals, and steel production.
Who founded Verne?
Verne was founded by Bav Roy.
Who are Verne's investors?
Verne's investors include Collaborative Fund, NewLab, United Airlines Ventures Sustainable Flight, Gutbrain Ventures, Juniper, Trucks VC.
Where is Verne headquartered?
Verne is headquartered in San Francisco, US.