About Ballard
Ballard is a company based in United States founded in 1979 by Geoffrey Ballard, Paul Howard, and Keith Prater.. The company has 887 employees as of December 31, 2024. Ballard has completed 2 acquisitions, including Arcola Energy and Protonex. Ballard offers products and services including FCmove, FCwave, and FCgen. Ballard operates in a competitive market with competitors including Plug Power, Bloom Energy, FuelCell Energy, Intelligent Energy and Blue World Technologies, among others.
- Headquarter United States
- Employees 887 as on 31 Dec, 2024
- Founders Geoffrey Ballard, Paul Howard, Keith Prater
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ballard Power Systems Inc.
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Annual Revenue
$66.4 M (USD)-30.86as on Dec 31, 2024
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Net Profit
$-308.73 M (USD)-85.19as on Dec 31, 2024
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EBITDA
$-148.34 M (USD)-6.01as on Dec 31, 2024
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Latest Funding Round
$40 M (USD), Grant
Mar 14, 2024
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Investors
DOE
& 5 more
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Employee Count
887
as on Dec 31, 2024
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Investments & Acquisitions
Arcola Energy
& 1 more
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IPO & Listings of Ballard
Ballard is a publicly listed company on the TSX with ticker symbol BLDP in Canada, operating in the Producer manufacturing 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.
Products & Services of Ballard
Ballard offers a comprehensive portfolio of products and services, including FCmove, FCwave, and FCgen. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides zero-emission power for heavy-duty vehicle integration.
Delivers clean power for marine and stationary uses.
Offers high-density stacks for mobility and power applications.
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Software Development Team
40 people
Leadership Team
17 people
Product Management Team
14 people
Senior Team
12 people
Sales and Marketing
12 people
Finance and Accounting
7 people
Principal Team
6 people
Human Resources and Administration
4 people
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Funding Insights of Ballard
- Total Funding Total Funding
- Total Rounds 13
- Last Round Grant — $40.0M
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First Round
First Round
(29 Oct 2007)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Grant - Ballard | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Ballard | Valuation |
investors |
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| Aug, 2018 | Amount | Post-IPO - Ballard | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ballard
Ballard has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include DOE, European Union and Nisshinbo Holdings. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on investing in clean tech sectors
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Founded Year | Domain | Location | |
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Energy sources and policies are managed by the DOE.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ballard
Ballard has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Arcola Energy and Protonex. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Hydrogen fuel cell system developer
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2010 | ||||
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Integrated tactical systems are developed for military and first responders.
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ballard
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ballard Comparisons
Competitors of Ballard
Ballard operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Plug Power, Bloom Energy, FuelCell Energy, Intelligent Energy and Blue World Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Hydrogen-based fuel cells are manufactured for power applications.
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| domain | founded_year | HQ Location |
Provider of solid oxide fuel cell technology
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| domain | founded_year | HQ Location |
Online platform offering fuel cell-based solutions
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| domain | founded_year | HQ Location |
PEM fuel cell and CHP power systems developer
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| domain | founded_year | HQ Location |
Methanol-based fuel cells are developed using high-temperature PEM technology.
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| domain | founded_year | HQ Location |
Low-temperature solid oxide fuel cells are produced for CHP systems.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ballard
Frequently Asked Questions about Ballard
When was Ballard founded?
Ballard was founded in 1979 and raised its 1st funding round 28 years after it was founded.
Where is Ballard located?
Ballard is headquartered in United States.
Who is the current CEO of Ballard?
Randall MacEwen is the current CEO of Ballard.
How many employees does Ballard have?
As of Dec 31, 2024, the latest employee count at Ballard is 887.
What is the annual revenue of Ballard?
Annual revenue of Ballard is $66.4M as on Dec 31, 2024.
What does Ballard do?
Manufacturer of hydrogen fuel cells. The platform designs develop and manufacture hydrogen fuel cell products for residential cogeneration, backup power, and heavy-duty applications. The company operates in three segments Power Generation, Automotive, and Material Products. The Power Generation segment offers fuel cell products and services. The Automotive segment provides fuel-cell products and services for fuel-cell cars, vans, and buses. The Material Products segment offers carbon fiber products primarily for automotive transmissions and gas diffusion layers for fuel cells.
Who are the top competitors of Ballard?
Ballard's top competitors include Bloom Energy, Plug Power and Intelligent Energy.
What products or services does Ballard offer?
Ballard offers FCmove, FCwave, and FCgen.
Is Ballard publicly traded?
Yes, Ballard is publicly traded on TSX under the ticker symbol BLDP.
How many acquisitions has Ballard made?
Ballard has made 2 acquisitions, including Arcola Energy, and Protonex.
Who are Ballard's investors?
Ballard has 6 investors. Key investors include DOE, European Union, Nisshinbo Holdings, Sustainable Development Technology Canada, and OSTI.GOV.
What is Ballard's ticker symbol?
The ticker symbol of Ballard is BLDP on TSX.