What is Koloma?
Founded in 2021, Koloma operates at the intersection of geology and clean energy technology. The company specializes in the identification and extraction of geologic hydrogen, a carbon-free energy source that holds significant potential for decarbonizing heavy industry and transportation. Unlike traditional hydrogen production methods that rely on electrolysis or steam methane reforming, Koloma's approach focuses on tapping into subterranean hydrogen reservoirs. This unique value proposition has attracted significant attention from major energy investors and corporate partners looking to diversify their portfolios with high-impact, net-zero technologies. As the industry matures, Koloma's ability to scale its exploration and extraction capabilities will be critical to its market leadership.
How much funding has Koloma raised?
Koloma has raised a total of $250.7M across 2 funding rounds:
Angel/Seed
$5M
Series B
$245.7M
Angel/Seed (2021): $5M, investors not publicly disclosed
Series B (2024): $245.7M led by Energy Impact Partners, United Airlines, Breakthrough Energy Ventures, and Khosla Ventures
Key Investors in Koloma
Energy Impact Partners
Energy Impact Partners is a specialized investment firm focused on accelerating the transition to a decarbonized and digitized energy economy through strategic partnerships with utility leaders.
United Airlines
United Airlines is a global aviation leader actively investing in sustainable fuel technologies to reduce the carbon footprint of the commercial aerospace industry.
Breakthrough Energy Ventures
Breakthrough Energy Ventures provides patient, risk-tolerant capital to support bold entrepreneurs developing transformative technologies aimed at achieving net-zero emissions by 2050.
What's next for Koloma?
With the infusion of capital from its latest funding round, Koloma is well-positioned to accelerate its exploration activities and refine its commercialization strategy. The company's roadmap likely involves scaling its proprietary data analytics platform to identify high-yield hydrogen sites globally while simultaneously navigating the regulatory and technical challenges associated with geologic resource extraction. Given the strategic involvement of major energy and aviation players, Koloma is expected to focus on establishing pilot projects that demonstrate the viability of geologic hydrogen as a scalable, cost-effective fuel source. The company's trajectory suggests a shift from early-stage exploration to operational deployment, marking a pivotal phase in its corporate lifecycle as it seeks to integrate its resources into the broader energy supply chain.
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