# Quantum Fuel Systems Technologies Worldwide

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/quantum-fuel-systems-technologies-worldwide

- Industry: Renewable Energy
- Headquarters: Lake Forest, US
- Website: www.qtww.com
- Latest round: Series B (Jan 1, 2010)
- Investors on record: 1

## About

Quantum Fuel Systems, based in the US, develops advanced clean energy solutions specializing in alternative fuels, including compressed natural gas and hydrogen, aiming to promote environmental sustainability in the transportation sector.Quantum Fuel Systems Technologies Worldwide, Inc. was founded in 2016 and operates primarily from Lake Forest, US. The company focuses on creating solutions for clean energy, particularly in the transportation industry. Iqboljon Ganiev is the founder. Douglas Acquisitions LLC acquired the company in July 2016, although specific financial terms remained undisclosed. The company has successfully completed 20 deals to date. In its latest funding round, Douglas Acquisitions exited its stake for USD 22 mn, marking the total amount raised at the same figure.Quantum Fuel Systems specializes in developing advanced clean energy solutions focused on alternative fuels, particularly compressed natural gas (CNG), renewable natural gas (RNG), and hydrogen. Their core offerings include innovative transport trailers and industry-leading fuel storage systems, engineered to fulfill the evolving demands of the commercial vehicle market. These products are designed to facilitate the safe, efficient, and sustainable transport of various fuel types, helping customers significantly reduce their carbon footprint. The company’s primary clientele encompasses commercial transportation firms and energy providers, who employ these solutions to achieve net-zero targets in North America and Europe.In the most recent fiscal year, Quantum Fuel Systems reported a revenue of USD 34.10 mn and an EBITDA of USD -11.24 mn. The company operates on a B2B transaction model, selling its flagship products directly to commercial transportation and energy sector clients through long-term contracts, facilitating bulk purchasing agreements for their solutions.Quantum Fuel Systems intends to expand its product line by launching innovative fuel storage technologies designed to meet the increasing demands of the clean energy market. The company is also planning to increase its market presence in Europe and Asia by 2025, aiming to cater to a broader range of clients seeking sustainable energy solutions. The recent funding of USD 22 mn will support these initiatives, enhancing product development and market expansion efforts.

## Funding rounds

- Series B, Jan 1, 2010 — Skinner Ventures

## Investors

- Skinner Ventures (https://capitalatlas.ai/funds/skinner-ventures) — Series B