# Universal Hydrogen

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/universal-hydrogen

- Industry: Industrial Machinery
- Headquarters: Hawthorne, US
- Website: www.hydrogen.aero
- Total disclosed funding: $85M
- Latest round: Series A (Oct 12, 2021)
- Investors on record: 21

## About

Based in California, US, and founded in 2020, Universal Hydrogen Co. operates as a developer modular capsule technology for a carbon-free aviation vehicle that uses a hydrogen-electric powertrain. The company was co-founded by Paul Eremenko, CEO Paul Eremenko, CTO John-Paul Clarke, CSO and CPO Jason Chua, and General Counsel Jon Gordon. The company also formed a partnership with Plug Power Inc. in 2020 to build a hydrogen fuel cell propulsion system for aircraft. In 2021, the company raised an undisclosed amount of venture funding from Trucks Venture Capital, followed by a USD 20.5 million Seed funding from Playground Global, Fortescue Future Industries, Coatue Management, and others.

Universal Hydrogen Co.'s product developers use modular capsule technology to transport and distribute hydrogen in the existing global freight network and decarbonize aircraft vehicles. The company also develops a conversion kit for existing airplanes to retrofit the hydrogen-electric powertrain.

Universal Hydrogen Co. plans to build and test its full-scale hardware, and to fly carbon-free commercial flights by 2025.

## Funding rounds

- Series A, Oct 12, 2021, $62M — Stratos Ventures, Sojitz Corporation, Coatue Management, GE Aviation, Global Founders Capital, Plug Power Inc., Playground Ventures, Airbus Ventures, Trucks Venture Capital, SKY VC, Mitsubishi HC Capital, Toyota Ventures, Build Collective, Fourth Realm Ventures, Time Ventures, 75 & Sunny, Hawktail, Waltzing Matilda Aviation LLC, Fortescue Future Industries, Tencent Investment
- Series A, Apr 20, 2021, $23M — Sojitz Corporation, Coatue Management, Global Founders Capital, Plug Power Inc., Playground Ventures, Airbus Ventures, SKY VC, Toyota Ventures, Build Collective, Fortescue Metals Group Ltd.

## Investors

- Sojitz Corporation — Series A
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series A
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series A
- Plug Power Inc. — Series A
- Playground Ventures (https://capitalatlas.ai/funds/playground-ventures) — Series A
- Airbus Ventures (https://capitalatlas.ai/funds/airbus-ventures) — Series A
- SKY VC (https://capitalatlas.ai/funds/sky-vc) — Series A
- Toyota Ventures (https://capitalatlas.ai/funds/toyota-ventures) — Series A
- Build Collective (https://capitalatlas.ai/funds/build-collective) — Series A
- Fortescue Metals Group Ltd. — Series A
- Stratos Ventures (https://capitalatlas.ai/funds/stratos-ventures) — Series A
- GE Aviation — Series A
- Trucks Venture Capital (https://capitalatlas.ai/funds/trucks-venture-capital) — Series A
- Mitsubishi HC Capital — Series A
- Fourth Realm Ventures (https://capitalatlas.ai/funds/fourth-realm-ventures) — Series A
- Time Ventures (https://capitalatlas.ai/funds/time-ventures) — Series A
- 75 & Sunny (https://capitalatlas.ai/funds/75-sunny) — Series A
- Hawktail (https://capitalatlas.ai/funds/hawktail) — Series A
- Waltzing Matilda Aviation LLC — Series A
- Fortescue Future Industries — Series A
- Tencent Investment — Series A