# PowerUP Energy Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/powerup-energy-technologies

- Industry: Energy Storage & Batteries
- Headquarters: Tallinn, Estonia
- Website: www.powerup-tech.com
- Total disclosed funding: $12M
- Latest round: Series A (Nov 25, 2025)
- Investors on record: 3

## About

PowerUP Energy Technologies, based in Estonia, specializes in advanced hydrogen fuel cell generators, providing innovative electric power solutions that emphasize environmental sustainability. Founded in 2016 and headquartered in Tallinn, Estonia, PowerUP Energy Technologies focuses on developing hydrogen fuel cell technology. The company raised EUR 10 million in a Series A funding round on November 25, 2025, co-led by Mercaton Investment Group, ScaleWolf, and SmartCap. This funding was aimed at expanding production capabilities and entering new markets. PowerUP Energy Technologies specializes in the design and manufacture of advanced hydrogen fuel cell generators, identified by their UP series, which includes the UP400, UP1K, UP3K, and UPMobile models. These generators provide reliable and environmentally friendly electric power solutions, meeting demands for both primary and backup power in sectors such as healthcare, construction, telecommunications, and security. The company's offerings cater to a diverse clientele, including public institutions, private enterprises, and independent contractors, predominantly in European and North American markets. PowerUP Energy Technologies generates revenue through direct sales of its hydrogen fuel cell products, primarily targeting businesses and governmental entities. The company focuses on B2B partnerships and contracts that facilitate bulk purchases and long-term agreements. Pricing for their offerings, such as the UP400 Industrial and UP1K, is structured to accommodate the operational scales of clients, ensuring accessibility while aligning with sustainability goals.In November 2025, PowerUP Energy Technologies raised EUR 10 million in Series A funding to support its growth strategy. The funding will be utilized to expand production, enter new markets in Central Europe and North America, and develop higher-output fuel cell models.

## Funding rounds

- Series A, Nov 25, 2025, $12M — SmartCap, ScaleWolf, Mercaton Investment Group

## Investors

- SmartCap (https://capitalatlas.ai/funds/smartcap) — Series A
- ScaleWolf (https://capitalatlas.ai/funds/scalewolf) — Series A
- Mercaton Investment Group — Series A