Proton exchange membrane fuel cells (PEMFC) possess features like high specific power density, low operating temperature, and low operating pressure and thus are most widely used. The performance of PEMFC highly depends on its output voltage which further affects its efficiency. This research paper aims to improve this output voltage by minimizing the losses through parameter estimation technique for three well-known commercial PEMFC stacks, namely, 250W, BCS 500W, and Ballard Mark V. The multiobjective function framed for optimization serves two goals. One is to extract the unknown parameters of FC, and second is to achieve the minimum sum of squared errors (SSE) that occur due to the difference between experimental voltage and estimated voltage. Chaotic teaching-learning-based optimization (CTLBO) algorithm is used for optimization process. SSE values obtained for three commercial PEMFC stacks 250W, BCS 500W, and Ballard Mark V are 7.02267, 4.00150, and 0.8100, respectively. The applicability of this technique is further checked for different operating conditions of each model. The I-P (current-power) curve and I-V (current-voltage) curve obtained using estimated data closely matched the experimental data that showed the practical relevance and efficacy of the algorithm. A comparison is done among the SSE results obtained using CTLBO to other competitive algorithms mentioned in the literature. CTLBO showed its superiority over other algorithms in estimating the unknown parameters of PEMFC stack parameters.