Newlight

Company Overview

Snapshot

Founded in February 2024 by Evyatar Cohen, Newlight operates with 11–50 employees. The company has raised $150K across one funding round from Fusion VC. In June 2024, Newlight secured seed funding from Fusion VC.

Business overview

Newlight Technologies is dedicated to decarbonizing the shipping industry by integrating hydrogen into conventional diesel engines. The company's core technology is a plug-in solution that enables the use of hydrogen and diesel as dual fuels without requiring major engine modifications. This innovation reduces fuel consumption by up to 30% and significantly lowers greenhouse gas emissions by up to 60%, offering both environmental and economic benefits for the maritime sector. Newlight operates within the Automotive & Mobility Technologies sector, focusing on Eco-Efficient Mobility Optimization & Logistics and Hydrogen technologies.

Company Intelligence Q&A

When was Newlight founded?

Newlight was founded in February 2024.

Who are the founders of Newlight?

Evyatar Cohen is a co-founder of Newlight.

What is Newlight's primary focus?

Newlight Technologies focuses on decarbonizing the shipping industry by integrating hydrogen into conventional diesel engines.

What is Newlight's total disclosed funding?

Newlight has raised a total of $150K in disclosed funding. This includes a seed round in June 2024 from Fusion VC.