New Zealand company Fabrum has announced its USD 23M Series A financing led by London-headquartered AP Ventures with participation from Australia-based Fortescue Future Industries, Japan-based Obayashi Corporation, and New Zealand-based K1W1. With the new funding, Fabrum plans to expand its global presence and scale up its manufacturing capacity with a new purpose-built manufacturing facility at its Christchurch headquarters – to meet the growing demand for its end-to-end hydrogen systems and other technologies for aerospace, heavy transport, and heavy industries.
Fabrum, founded in 2004, leads the world in industrialised small to medium-scale liquefaction systems and composite cryogenic vessels. Fabrum has earned a global reputation as an innovator for its core competencies in green hydrogen production, storage, dispensing, and system integration. The company actively deploys end-to-end liquid hydrogen solutions globally across heavy transport, mining, and aviation markets. Fabrum also has a strong presence in the traditional cryogenic markets of liquid nitrogen (LIN), liquid oxygen (LOX), liquid natural gas (LNG), and liquid air (LAIR), with a global customer base spanning animal husbandry, hi-tech research institutions, and manufacturing.
The investment follows the recent announcement that Fabrum signed a manufacturing agreement with CPH2, the UK-based green hydrogen technology and manufacturing company that has developed the IP-protected Membrane-Free Electrolyser (MFE). This will enable Fabrum to manufacture electrolysers in Christchurch, New Zealand, that the company uses alongside its cryogenic technologies to create hydrogen production systems.