About Advent Technologies
Advent Technologies is a publicly listed company based in Boston (United States) founded in 2006 by Vasilis Gregoriou. Advent Technologies is engaged in developing fuel cell technology. It operates on a Product-as-a-Service and Reseller / Distribution model. Advent Technologies has raised $8.9 million across 7 funding rounds from investors including DOE, European Union and Connecticut Innovations. The company has 31 employees. Advent Technologies has completed 2 acquisitions, including SerEnergy and Ultracell. Its chief executive, as recorded, is Vasilis Gregoriou. Advent Technologies offers products and services including Honey Badger 50â„¢, Ion Pairâ„¢ MEA, and PBI MEA. Its focus areas include Energy, Renewable Energy and Fuel Cell Technology.
Company details
Advent Technologies is focused on the development and manufacturing of high-temperature PEM fuel cells that convert hydrogen and renewable fuels into electricity. The company is involved in creating complete fuel cell systems and core components like Ion Pair MEA. Solutions are provided for sectors such as aviation, automotive, and defense. Fuel-flexible technology is utilized, supporting methanol, natural gas, and future renewable fuels. Licensing agreements are established with Tier1 and major manufacturers for next-generation fuel cell technology. Research and development projects are undertaken to address clean energy challenges.
- Headquarters Boston, United States
- Employees 31
- Founders Vasilis Gregoriou
- Stage Public
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website advent.energy
- Social LinkedIn X Facebook YouTube
- Legal Name Advent Technologies Holdings, Inc.
- Annual Revenue$3.28 M (USD)113.28as on Dec 31, 2024
- Net Profit-$35.46 M (USD)50.34as on Dec 31, 2024
- EBITDA-$17.81 M (USD)56.08as on Dec 31, 2024
- Total Equity Funding$8.9M (USD)
in 7 rounds
- Latest Funding Round$13.63K (USD), Grant
Jan 2020
- InvestorsDOE
& 3 more
- Employee Count31
- Investments & AcquisitionsSerEnergy
& 1 more
Products & Services of Advent Technologies
Advent Technologies offers a comprehensive portfolio of products and services, including Honey Badger 50™, Ion Pair™ MEA, and PBI MEA.
Portable fuel cell system for power generation is provided.
Core component for fuel cell technology is manufactured.
Specialized component for fuel cell systems is offered.
Apps and channels of Advent Technologies
its YouTube channel Advent Technologies Inc. has 420 subscribers and 7 videos.
Videos from Advent Technologies
The most watched videos on Advent Technologies's YouTube channel, Advent Technologies Inc. (420 subscribers). Click a video to play it here.
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Funding Insights of Advent Technologies
Advent Technologies has successfully raised a total of $8.9M across 7 strategic funding rounds. The most recent funding activity was a Grant round of $13.63 thousand completed in January 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $8.9M
- Total Rounds 7
- Last Round Grant — $13,632
- First Round $149,808
(Feb 2012)
- Investors Count 4
All 7 funding rounds of Advent Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2020 | $13,632 | Grant | – | – | |
| Oct 2018 | $3,713 | Grant | – | – | |
| Feb 2015 | Grant | – | – | ||
| Jan 2013 | $2.3M | Series A | – | Connecticut Innovations | – |
| Nov 2012 | $6.6M | Series A | – | – | – |
| Feb 2012 | $149,808 | Grant | – | – | |
| Feb 2012 | $149,808 | Grant | – | – |
4 investors in total: 4 institutional.
Investors in Advent Technologies
Advent Technologies has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include DOE, European Union and Connecticut Innovations.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital services for biotech, IT, and innovative sectors in Connecticut. | ctinnovations.com | |||
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Energy sources and policies are managed by the DOE. | 1977 | energy.gov | ||
Scientific and technical information is managed and disseminated by OSTI.GOV. | osti.gov | Oak Ridge, United States |
Investor details for Advent Technologies
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People of Advent Technologies
12 people are tracked at Advent Technologies (6 in leadership, 3 in board & advisors, 3 in team); the tracked headcount is 31.
| Name | Role | Group |
|---|---|---|
Vasilis Gregoriou | Co-Founder & CEO | Leadership |
Preben Rasmussen | VP | Leadership |
Naiem Hussain | Chief Investment Officer | Leadership |
Jim Coffey | COO & General Counsel | Leadership |
Emory De Castro | CTO | Leadership |
Theofanis Spiliotopoulos | Director Of Human Resources And Administration | Leadership |
Von McConnell | Non-Executive Board Member | Board & advisors |
Wayne Threatt | Non-Executive Board Member | Board & advisors |
Anggelos Skutaris | Director | Board & advisors |
Nora Gourdoupi | SVP, Corporate Business Development, Advent Technologies SA | Team |
Daniel Hennig | SVP | Team |
Morten Hougaard Sørensen | SVP | Team |
Complete people profiles for Advent Technologies
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IPO & Listings of Advent Technologies
Advent Technologies is a publicly listed company on the NASDAQ with ticker symbol ADN in USA, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date26 Dec 2018
- Listed onNASDAQ: ADN
- Listed entityAdvent Technologies Holdings, Inc.
- Exchange sectorElectronic technology
- Share price$3.39 (+0.3% on the day) · 2025-09-29
- Market capitalisation$9.1M
- EPS (diluted, trailing year)$-10.39
- Volume (last session)108,418
- Analyst consensusNeutral
Financials of Advent Technologies
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2024 | $3.3M | -$35.5M | -$17.8M |
| 2023 | $1.5M | -$71.4M | -$40.5M |
| 2022 | $7.8M | -$74.3M | -$46.1M |
| 2021 | $7.1M | -$20.5M | -$43.2M |
| 2020 | $882,650 | -$3.1M | -$3.3M |
Detailed financial statements for Advent Technologies
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Investments & Acquisitions by Advent Technologies
Advent Technologies has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include SerEnergy and Ultracell.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of testing, inspection, and certification services for building and construction | serenergy.com | Aalborg, Denmark | 2006 | Sep 2021 | •••• | |
Reformed methanol micro fuel cells are developed for military use. | ultracell-llc.com | Livermore, United States | 2002 | Feb 2021 | •••• |
Complete acquisition details for Advent Technologies
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Timeline of Advent Technologies
6 dated milestones of Advent Technologies across 15 years, from founding to its latest funding, stage changes and deals.
Web traffic of Advent Technologies
The website of Advent Technologies (advent.energy) receives about 6.7K visits a month.
- Monthly visits6.7K
▲ 1.2% vs previous month
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Related news about Advent Technologies
Complete news archive for Advent Technologies
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Frequently Asked Questions about Advent Technologies
Advent Technologies was founded in 2006 and raised its 1st funding round 6 years after it was founded.
Advent Technologies is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Vasilis Gregoriou is the CEO of Advent Technologies, as recorded in our data. They have also founded this company.
Advent Technologies is a funded company, having raised a total of $8.9M across 7 funding rounds to date. The company's 1st funding round was a Grant of $149.81K, raised on Feb 2012.
Advent Technologies has 31 employees.
Annual revenue of Advent Technologies is $3.28M as on Dec 31, 2024.
Advent Technologies is focused on the development and manufacturing of high-temperature PEM fuel cells that convert hydrogen and renewable fuels into electricity. The company is involved in creating complete fuel cell systems and core components like Ion Pair MEA. Solutions are provided for sectors such as aviation, automotive, and defense. Fuel-flexible technology is utilized, supporting methanol, natural gas, and future renewable fuels. Licensing agreements are established with Tier1 and major manufacturers for next-generation fuel cell technology. Research and development projects are undertaken to address clean energy challenges.
Advent Technologies offers Honey Badger 50â„¢, Ion Pairâ„¢ MEA, and PBI MEA.
Yes, Advent Technologies is publicly traded on NASDAQ under the ticker symbol ADN.
Advent Technologies has 4 investors. Key investors include DOE, European Union, Connecticut Innovations, and OSTI.GOV.
Advent Technologies operates through Advent Technologies.