H2Scan Corp. will move into full production mode of hydrogen sensor systems following a $4 million investment from numerous venture capital firms. The Valencia-based manufacturer has plans to expand sales and marketing and recently hired an East Coast sales manager. Among the investors is the latest round of funding include Chrysalix Energy Venture Capital, H5 Capital, L.P., Tri-Strip Associates, LLC, TGB Partners and Ravinia Venture Fund. The demand for hydrogen-related products in multiple industries will make H2Scan poised to make a significant impact, said Josh Simms, General Partner of H5 Capital, L.P. “This latest round of funding further supports our goal of becoming the dominant player in each of these markets,” Simms said.
Sensor Firm Expanding Production