Investible backs DeCarice for hydrogen tech to cut emissions

Asia-Pacific early-stage venture capital firm Investible has announced an investment in DeCarice, a company developing hydrogen injection technology aimed at reducing carbon emissions in heavy-duty diesel engines. This investment was made through Investible's Climate Tech Fund, which supports innovative technologies addressing climate change challenges. DeCarice represents the Fund's 29th investment in under three years, positioning Investible as one of the most active investors in the climate tech sector in the Asia-Pacific region.

DeCarice’s technology can replace up to 90% of diesel fuel in heavy-duty vehicles and machinery while maintaining power output. This advancement has the potential to reduce carbon emissions by up to 85%, presenting a solution for industries that are difficult to decarbonise, such as mining, maritime, and heavy transportation sectors.

"Investible is thrilled to support DeCarice as they tackle one of the most pressing challenges in the transition to a net-zero economy," said Ben Lindsay, Investment Manager at Investible. "The ability to retrofit existing diesel engines with DeCarice’s hydrogen injection technology provides a scalable, near-term solution for reducing emissions in sectors where the electrification of big and heavy things is extremely challenging."

Goran Bozic, CEO of DeCarice, expressed enthusiasm about the partnership, stating, "The team at DeCarice is excited to partner with Investible as we scale our hydrogen engine technology globally. This investment will enable us to accelerate our commercialisation efforts and bring our solution to market, helping industries transition to cleaner fuel sources."

DeCarice’s technology, developed under the expertise of Co-founder and CTO Professor Shawn Kook at the University of New South Wales Engine Research Laboratory, utilises a dual-direct injection system. This system has undergone rigorous testing, peer review, and has been patented, ensuring substantial emission reductions without compromising engine performance.

With a growing global demand for green hydrogen, especially from countries like Japan and South Korea, DeCarice is positioned to significantly influence worldwide decarbonisation efforts. The company has already attracted interest from major engine manufacturers and industrial diesel fleet operators who appreciate the practical benefits of their technology.

Investible's Climate Tech Fund focuses on early-stage companies innovating in the fight against climate change. Investible also manages two active multi-sector funds and a syndicate known as Club Investible.