New Zealand company, Fabrum, a world leader in zero-emission transition technologies to enable a lower-carbon economy, announced its $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 heavy transport, heavy industries and aerospace.
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.
Christopher Boyle, Founder and Chairman of Fabrum, says, “This investment is a critical milestone for Fabrum, validating the technology development pathway that fellow founder Hugh Reynolds and I have built over the last 18 years. Fabrum was created to leverage Christchurch’s strong technology manufacturing history and Canterbury University’s very talented Engineering School. Bringing capability and talent together to develop world-leading technology that will genuinely enable a global shift to sustainable transportation and industry has been our core purpose. It is truly exciting to have the support of this world-class group of investors to deliver on this vision.”
