U.S.-based startup Pajarito Powder has received a Series-B investment from Hyundai Motor Company.

Pajarito Powder is a leader in the development and commercialization of advanced electrocatalysts for fuel cells and electrolyzers. Pajarito Powder manufactures a range of catalyst products using its own intellectual property as well as intellectual property licensed from the University of New Mexico, Los Alamos National Laboratory, and Institut National de la Recherche Scientifique.