# UltraCell

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

- Industry: Energy Storage & Batteries
- Headquarters: Livermore, US
- Website: www.ultracell-llc.com
- Total disclosed funding: $15M
- Latest round: Series C (Jan 31, 2007)
- Investors on record: 6

## About

Based in New York, US, and founded by Ian Kaye in 2002, UltraCell LLC, formerly known as UltraCell Corporation, is the fuel cell division of Bren-Tronics, Inc. operates as a manufacturer of lightweight fuel cells for the portable power market. In February 2021, Advent Technologies Inc., a portfolio company of AMCI Acquisition Corp., AMCI Capital, Fearnley Securities, and Jefferies, acquired UltraCell LLC.

The firm develops, researches, and manufactures fuel cells using hydrogen or liquid fuels. The company uses its proprietary RMFC technology to develop methanol, propane, and JP8 - based fuel cells to generate a clean and renewable source of energy fuels for the portable power market.

## Funding rounds

- Series C, Jan 31, 2007, $10M — STAR Ventures, Armilar Venture Partners, BASF, Army Venture Capital Initiative
- Series C, Jan 21, 2007, $1.6M — Armilar Venture Partners
- Series B, Mar 1, 2005, $3M — Sevin Rosen Funds, STAR Ventures, Army Venture Capital Initiative, BankInvest
- Series A, Mar 1, 2004 — Sevin Rosen Funds, STAR Ventures, Army Venture Capital Initiative

## Investors

- Sevin Rosen Funds (https://capitalatlas.ai/funds/sevin-rosen-funds) — Series A, Series B
- STAR Ventures — Series A, Series B, Series C
- Army Venture Capital Initiative (https://capitalatlas.ai/funds/army-venture-capital-initiative) — Series A, Series B, Series C
- BankInvest (https://capitalatlas.ai/funds/bankinvest) — Series B
- Armilar Venture Partners (https://capitalatlas.ai/funds/armilar-venture-partners) — Series C
- BASF (https://capitalatlas.ai/funds/basf) — Series C