Newlight

Company Overview

Snapshot

Founded in February 2024 by Evyatar Cohen, Newlight operates with 11–50 employees. The company has secured funding across one round from one investor, raising a total of $150K. In June 2024, Newlight received seed funding, underscoring its early-stage development in decarbonizing the shipping industry.

Business overview

Newlight Technologies specializes in decarbonizing the shipping industry through its dual-fuel technology. The company integrates hydrogen into conventional diesel engines, offering a plug-in solution that reduces fuel consumption by up to 30% and greenhouse gas emissions by up to 60%. This technology enables the use of hydrogen and diesel without extensive engine modifications, providing both environmental and economic benefits for the maritime sector. Newlight operates within the Automotive & Mobility Technologies sector, focusing on eco-efficient transportation and logistics, particularly in hydrogen-based solutions for maritime applications.

Company Intelligence Q&A

What is Newlight's primary focus?

Newlight Technologies focuses on decarbonizing the shipping industry by integrating hydrogen into conventional diesel engines, providing a dual-fuel solution.

When was Newlight founded?

Newlight was founded in February 2024.

How many employees does Newlight currently have?

Newlight currently has 11–50 employees.

What is the primary benefit of Newlight's technology?

Newlight's technology reduces fuel consumption by up to 30% and significantly lowers greenhouse gas emissions by up to 60% in the shipping industry.

Which investor participated in Newlight's funding round?

In June 2024, Newlight secured $150K in Seed funding from Fusion VC.