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 core technology?

Newlight Technologies develops dual-fuel technology that integrates hydrogen into conventional diesel engines to reduce emissions and fuel consumption in the shipping industry.

When was Newlight founded?

Newlight was founded in February 2024.

Who are the founders of Newlight?

Evyatar Cohen is a co-founder and COO of Newlight.

What is Newlight's primary focus market?

Newlight primarily focuses on the shipping industry, aiming to decarbonize maritime operations through its innovative fuel solutions.

What was Newlight's most recent funding event?

In June 2024, Newlight received seed funding totaling $150K from Fusion VC. This was the company's first funding round.