Electric Hydrogen Co.
Latest round
- Series C
Last raised
- Apr 2023
Total raised
- $544M
Investors
- 22
About Electric Hydrogen Co.
Based in the US, Electric Hydrogen Co.Electric Hydrogen Co. was founded in 2020 and is headquartered in Natick, US. The company is focused on producing clean hydrogen through its technology and has completed 6 deals to date.650 mn.Electric Hydrogen specializes in advanced electrolyzer technology, primarily through its flagship product, the HYPRPlant. This solution enables the production of clean hydrogen at a significantly lower cost compared to traditional methods, by utilizing the world's most powerful advanced Proton Exchange Membrane (PEM) stack for electrolysis. The company’s electrolyzers are designed for industrial-scale applications, addressing the urgent need for clean hydrogen in various sectors including refining, chemicals, and metals. Their technology allows for the conversion of water into hydrogen using renewable energy, effectively replacing fossil-based hydrogen in processes like crude oil refining and the production of sustainable transport fuels.Electric Hydrogen generates revenue primarily through partnerships and contracts with industrial clients seeking to implement their hydrogen production technology. Transactions typically involve the sale of electrolyzer systems and related subsystems which are sold as a complete solution. Clients may include energy producers, chemical manufacturers, and companies in the shipping industry looking to utilize sustainable hydrogen and e-fuels in their operations. The revenue model is structured around direct sales to businesses, potentially accompanied by ongoing support and maintenance services, ensuring that clients can optimize their hydrogen production capabilities.In May 2024, Electric Hydrogen Co.P., and Hercules Capital. Additionally, Electric Hydrogen is targeting expansion into further markets in Europe and North America by the end of 2024.
Who invested in Electric Hydrogen Co.
22 investors across 3 rounds
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Questions about Electric Hydrogen Co.
Who invested in Electric Hydrogen Co.?
Electric Hydrogen Co. has 22 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Electric Hydrogen Co. raised?
Electric Hydrogen Co. has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Electric Hydrogen Co. last raise money?
Electric Hydrogen Co.'s most recent round on record is a Series C, in Apr 2023.
What does Electric Hydrogen Co. do?
Based in the US, Electric Hydrogen Co.
Where is Electric Hydrogen Co. headquartered?
Electric Hydrogen Co. is headquartered in Natick, US.
Which VCs invest in companies like Electric Hydrogen Co.?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back industrial machinery companies at Electric Hydrogen Co.'s stage. Their profiles are linked below.
VCs backing industrial machinery startups at Series C
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