HiFunda LLC is working on materials technologies that can help to bring smarter, safer, environmentally friendly and energy efficient technology solutions to the market. Engaging human creativity and innovation to outpace the demands posed by rapid global industrialization and current resource constraints, and ultimately make the world cleaner, more secure, and self-sustaining. HiFunda develops new technologies in the areas of materials science, ceramics, multilayer devices, clean technologies and catalysis. The firms work can be categorized into three arenas: energy harvesting, energy efficiency and energy storage. HiFunda is interested in novel and disruptive energy harvesting and production technologies that can reduce delivered cost of electricity from renewable sources. The firm has also begun exploring opportunities for commercially viable ocean wave energy systems. This led to the development of a novel concept and system design that allowed cost-effective, highly scalable magnetostrictive alloys to produce significant quantities of energy in specific wave environments with no moving parts. The technology platform converts mechanical energy into electrical energy in a manner that is low-cost, scalable, flexible, predictable, robust and efficient.