FirstElement Fuel

FirstElement Fuel, Inc. is focused on developing hydrogen fueling infrastructure for fuel cell electric vehicles (FCEVs).FirstElement Fuel Inc. specializes in the development and operation of hydrogen fueling infrastructure, primarily through its flagship True Zero network, which represents the most extensive network of hydrogen fueling stations globally. The company's core offering is the provision of hydrogen fuel for fuel cell electric vehicles (FCEVs), which emit only water vapor as a byproduct, thereby addressing the need for sustainable and clean transportation solutions. True Zero stations are strategically located to serve a diverse client base, including light-duty, medium-duty, and heavy-duty vehicle operators in urban and metropolitan areas across the United States, particularly in California, where demand for advanced transportation solutions is high.FirstElement Fuel Inc. generates revenue through partnerships and agreements with various stakeholders in the transportation and energy sectors. The company's revenue model includes B2B arrangements with vehicle manufacturers, fleet operators, and governmental agencies, as well as direct transactions with consumers who utilize their hydrogen fueling stations. By offering hydrogen fuel through their True Zero network, FirstElement Fuel establishes a transactional structure that allows partners and consumers to access fueling services as needed, potentially at set pricing plans determined by usage levels or subscription-based access for regular customers.S.In October 2023, FirstElement Fuel, Inc. Future growth plans may include the development of new hydrogen fueling products, although specific product launches have not been disclosed. Additionally, FirstElement Fuel aims to expand its hydrogen fueling infrastructure into new regions and markets across the United States, focusing on areas with high demand for clean energy solutions.

1. Series B

   Jun 17, 2020

   Amount

   $48M

   Investors

   Locked