# Convion

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

- Industry: Power & Utilities
- Headquarters: Espoo, Finland
- Website: www.convion.fi
- Total disclosed funding: $4.7M
- Latest round: Series A (May 31, 2018)
- Investors on record: 2

## About

Based in Espoo, Finland, and founded in 2012 by Tuomas Hakala, Convion Oy is a developer of solid oxide fuel cell systems, distributed power generation, and electrolyzers based on solid oxide (SOE) technology for hydrogen production. In May 2018, Convion Oy raised EUR 4 million in a Series A round led by Springvest Oy. The company has raised a total of USD 4.73 million in funding.

The company offers Convion C60, which is a modular power generator that is capable of combined power and heat generation. C60 is installed parallel to the power grid and is capable of disconnecting from the grid in case of a grid outage to secure critical power loads. In addition, Convion offers solid oxide fuel cell (SOFC) technology for industrial self-generation and distributed power generation purposes.

## Funding rounds

- Series A, May 31, 2018, $4.7M — Springvest
- Seed, Jan 1, 2013 — VNT Management

## Investors

- VNT Management (https://capitalatlas.ai/funds/vnt-management) — Seed
- Springvest (https://capitalatlas.ai/funds/springvest) — Series A