Hydra Energy Corporation
Latest round
- Series A
Last raised
- May 2021
Total raised
- $12M
Investors
- 2
About Hydra Energy Corporation
Hydra Energy Corporation was founded in 2012 in Canada. The company specializes in hydrogen solutions tailored for the transportation industry, allowing fleets to transition to cleaner energy. The CEO is Jessica Verhagen, and the company was established by Badr Abduljawad.Hydra Energy specializes in Hydrogen-as-a-Service™ (HaaS™), providing a comprehensive solution for the sustainable transportation sector through low-carbon hydrogen supply. The company’s primary offerings include hydrogen-diesel co-combustion trucks designed for commercial fleet operations, enabling fleet operators to decarbonize their vehicles efficiently. This innovative technology allows for a seamless transition between hydrogen and diesel fuels, addressing critical pain points such as range anxiety while ensuring optimal fuel performance and efficiency. Hydra Energy's solutions are targeted at heavy-duty trucking companies, enabling them to secure long-term, local clean fuel contracts at diesel-equivalent prices with no upfront investment required.Hydra Energy generates revenue primarily through partnerships with fleet operators and the sale of its Hydrogen-as-a-Service model. The company’s business transactions typically involve B2B collaborations, where fleet operators enter long-term contracts for hydrogen supply, facilitating a predictable revenue stream. This approach enables clients to integrate clean fuel solutions into their existing operations while ensuring cost parity with traditional diesel. Revenue may also stem from the licensing of technology to other companies interested in adopting hydrogen solutions. Specific pricing models are established during negotiations, focusing on tailored agreements that meet the needs of each client while promoting sustainable practices in the transportation industry.00 mn, the company plans to further develop its initial waste hydrogen capture plant in British Columbia. As part of its growth strategy, Hydra Energy is also targeting expansion into new markets, specifically focusing on increased operations in North America and Europe to address the rising demand for sustainable transportation solutions.
Who invested in Hydra Energy Corporation
2 investors across 2 rounds
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Questions about Hydra Energy Corporation
Who invested in Hydra Energy Corporation?
Hydra Energy Corporation has 2 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Hydra Energy Corporation raised?
Hydra Energy Corporation has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Hydra Energy Corporation last raise money?
Hydra Energy Corporation's most recent round on record is a Series A, in May 2021.
What does Hydra Energy Corporation do?
Hydra Energy Corporation was founded in 2012 in Canada.
Where is Hydra Energy Corporation headquartered?
Hydra Energy Corporation is headquartered in Canada.
Which VCs invest in companies like Hydra Energy Corporation?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back oil & gas companies at Hydra Energy Corporation's stage. Their profiles are linked below.
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