# Borit NV

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/borit

- Industry: Materials
- Headquarters: Geel, Belgium
- Website: www.borit.be
- Total disclosed funding: $4.7M
- Latest round: Series A (Apr 16, 2010)
- Investors on record: 1

## About

Borit NV is a Belgian company specializing in advanced components for clean energy systems, specifically focusing on thin metal bipolar plates and interconnects for fuel cells and electrolyzers.Founded in 2010 in Geel, Belgium, Borit NV produces critical components for clean energy applications, particularly Proton Exchange Membrane (PEM) fuel cells. The company has completed a total of 3 deals, with its most recent funding round occurring on November 20, 2020, when it raised EUR 7.50 mn led by Finindus. Borit was acquired by Weifu High-Technology Group Co., Ltd. for an undisclosed amount. The founder's prior business endeavors are not detailed in the available information.Borit specializes in the production of advanced components for fuel cells and electrolyzers, focusing on thin metal bipolar plates and interconnects. Utilizing proprietary Hydrogate™ forming technology, Borit ensures efficient hydroforming of sheet metals, which facilitates rapid development cycles and cost-effective tooling. The company serves a diverse clientele in the clean energy sector, with a strong presence in Europe, North America, and Asia, aligning its engineering capabilities with the increasing demand for renewable energy solutions.In the most recent year of 2022, Borit reported a revenue of EUR 7,206,728.30, with an EBITDA of EUR 860,039. The company operates on a B2B model, generating revenue through sales of its high-quality components and tailored services, emphasizing customized solutions that enhance operational efficiency for its industrial clients in the renewable energy space.Borit plans to leverage its recent funding of EUR 7.50 mn to expand its product offerings and enter new markets. Upcoming products are being designed to enhance the efficiency of clean energy systems. The company aims to increase its market presence in Asia by 2025. The funding will support these initiatives, focusing on innovation and market expansion, further positioning Borit to meet the growing global demand for sustainable energy technologies.

## Funding rounds

- Series A, Apr 16, 2010, $4.7M — OCAS Ventures

## Investors

- OCAS Ventures (https://capitalatlas.ai/funds/ocas-ventures) — Series A