# H2Pro

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/h2pro

- Industry: Renewable Energy
- Headquarters: Israel
- Website: www.h2pro.co
- Total disclosed funding: $107M
- Latest round: Series B (Jan 26, 2022)
- Investors on record: 17

## About

H2Pro, Ltd. is an Israeli company specializing in green hydrogen production through innovative electrolysis technology, effectively reducing operational costs and enhancing energy efficiency for large-scale hydrogen applications.Founded in 2019 and headquartered in Israel, H2Pro, Ltd. focuses on advanced green hydrogen technologies. The company has raised a total of USD 75.00 mn through its Series B funding round on August 2, 2022, with notable investors including ArcelorMittal SA and Temasek Holdings. Gideon Grader is the founder, and Talmon Marco serves as the CEO.H2Pro specializes in the production of green hydrogen utilizing a decoupled electrolysis technology that eliminates membranes and employs cost-effective electrodes. This innovation supports high operational efficiency and cost reduction, making it suitable for large-scale hydrogen production. H2Pro's technology is designed to meet the increasing demand for clean energy alternatives in transportation, industrial processes, and energy storage, particularly adapting to renewable energy supply fluctuations. The company targets markets in Europe, North America, and Asia, serving energy producers, industrial manufacturers, and government entities aiming for net-zero emissions.H2Pro generates revenue from the direct sales of its green hydrogen production systems and technology solutions to businesses transitioning to renewable energy. The company engages in B2B transactions and establishes partnerships with clients needing integrated hydrogen production solutions, focusing on both one-time purchases and ongoing service agreements. Although specific pricing structures are not disclosed, the advanced technology of H2Pro's systems positions them as premium offerings in the market, aimed at facilitating broader adoption of sustainable energy practices.Following the recent funding round in August 2022, H2Pro, Ltd. intends to utilize the USD 75.00 mn raised to support a trial project in Kibbutz Yosef, Israel, aiming to generate 0.4 MW of green hydrogen. The company is focused on developing new products and enhancing its technology while targeting expansion into additional markets across Europe, North America, and Asia within the next few years.

## Funding rounds

- Series B, Jan 26, 2022, $75M — Sumitomo Corporation, Temasek Holdings, ArcelorMittal SA, Horizons Ventures, OurCrowd, TPY Capital, Breakthrough Energy Ventures, Bazan Group, Contrarian Ventures, iAngels, Technion Investment Opportunity Fund, New Fortress Energy, LLC, Yara Growth Ventures, Doral Energy-Tech Ventures, Companhia Siderúrgica Nacional
- Series A, Mar 9, 2021, $22M — Sumitomo Corporation, Horizons Ventures, iAngels Crowd Ltd, OurCrowd, TPY Capital, Breakthrough Energy Ventures, Bazan Group, Contrarian Ventures, New Fortress Energy, LLC, IN Venture
- Series A, Apr 1, 2020, $10M — Contrarian Ventures, IN Venture

## Investors

- Contrarian Ventures (https://capitalatlas.ai/funds/contrarian-ventures) — Series A, Series B
- IN Venture (https://capitalatlas.ai/funds/in-venture) — Series A
- Sumitomo Corporation — Series A, Series B
- Horizons Ventures — Series A, Series B
- iAngels Crowd Ltd — Series A
- OurCrowd (https://capitalatlas.ai/funds/ourcrowd) — Series A, Series B
- TPY Capital (https://capitalatlas.ai/funds/tpy-capital) — Series A, Series B
- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Series A, Series B
- Bazan Group — Series A, Series B
- New Fortress Energy, LLC — Series A, Series B
- Temasek Holdings — Series B
- ArcelorMittal SA — Series B
- iAngels (https://capitalatlas.ai/funds/iangels) — Series B
- Technion Investment Opportunity Fund — Series B
- Yara Growth Ventures — Series B
- Doral Energy-Tech Ventures (https://capitalatlas.ai/funds/doral-energy-tech-ventures) — Series B
- Companhia Siderúrgica Nacional — Series B