Blue World Technologies

Aalborg, Denmark Founded: 2018 • Age: 8 yrs
Methanol-based fuel cells are developed using high-temperature PEM technology.
Annual revenue - Latest available
Total funding $73.6M 8 rounds
Employees 48 Tracked headcount
Investors 8 Known backers
Products - Services tracked
Competitors 9 Brand Intelligence

About Blue World Technologies

Blue World Technologies is a company based in Aalborg (Denmark) founded in 2018. Blue World Technologies has raised $73.61 million across 8 funding rounds from investors including European Union, DEUTZ and Danmarks Eksport og Investeringsfond. The company has 48 employees as of December 31, 2021. Blue World Technologies has completed 1 acquisition, including Danish Power Systems. Blue World Technologies operates in a competitive market with competitors including Plug Power, Bloom Energy, FuelCell Energy, Elcogen and Intelligent Energy, among others.

  • Headquarter Aalborg, Denmark
  • Employees 48 as on 31 Dec, 2021
  • Sectors
    Energy & Utilities
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
Operational Areas
Energy & Utilities → Energy Storage & Efficiency Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    $170.52 K (USD)
    -32
    as on Dec 31, 2022
  • EBITDA
    $170.46 K (USD)
    -32
    as on Dec 31, 2022
  • Total Equity Funding
    $73.61 M (USD)

    in 8 rounds

  • Latest Funding Round
    $11.9 M (USD), Series B

    Dec 06, 2023

  • Investors
  • Employee Count
    48

    as on Dec 31, 2021

  • Investments & Acquisitions
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People of Blue World Technologies

Headcount 50-200
Employee Profiles 32
Board Members and Advisors 5
Employee Profiles
People
Dennis Naldal Jensen
Chief Technology Officer
People
Anders Korsgaard
CEO & Co-Founder
People
Mads Bang
Chief Technology Officer & Co-Founder
People
Mads Friis Jensen
Chief Commercial Officer & Co-Founder

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Board Members and Advisors
people
Christian Winther
Board Member
people
Brian Lindgaard Jensen
Board Member
people
Feng Wuu-Feng
Board Member
people
John Butt
Chairperson

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Funding Insights of Blue World Technologies

Blue World Technologies has successfully raised a total of $73.61M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $11.9 million completed in December 2023. 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.

Investors in Blue World Technologies

Blue World Technologies has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, DEUTZ and Danmarks Eksport og Investeringsfond.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Provider of capital investments into climate and environmental impact technology companies
Locked Locked Locked
VC fund focused on early stage trade & logistics sectors
Locked Locked Locked
Climate solutions are advanced via venture capital and startup acceleration.
Locked Locked Locked
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Investor details for Blue World Technologies

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  • Investor domains
  • Investor locations
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Investments & Acquisitions by Blue World Technologies

Blue World Technologies has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Danish Power Systems.

Investments
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Investment portfolio details for Blue World Technologies

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Acquisitions
Company Name Description Domain Location Founded Year Amount
Manufactures membrane electrode assembly
Locked Locked 1994 Locked
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Complete acquisition details for Blue World Technologies

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Financial Statements - Blue World Technologies

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Detailed financials for Blue World Technologies

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Blue World Technologies Comparisons

Blue World Technologies Primary company
Description
Methanol-based fuel cells are developed using high-temperatu...
Location
Aalborg, Denmark
Founded Year
2018
Annual Revenue
Not available
Net Profit
$170.52 K (USD)
EBITDA
$170.46 K (USD)
Employees
48
As of 2021
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Peer comparison for Blue World Technologies

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Competitors of Blue World Technologies

Blue World Technologies 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, Elcogen and Intelligent Energy, among others.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Hydrogen-based fuel cells are manufactured for power applications.
Locked Locked Locked
Provider of solid oxide fuel cell technology
Locked Locked Locked
Online platform offering fuel cell-based solutions
Locked Locked Locked
SOFC single cells and stacks are developed and manufactured.
Locked Locked Locked
PEM fuel cell and CHP power systems developer
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Detailed competitors of Blue World Technologies

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Latest news on Blue World Technologies

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Complete news archive for Blue World Technologies

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  • Source and publication date
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Frequently Asked Questions about Blue World Technologies

Blue World Technologies was founded in 2018 and raised its 1st funding round 1 year after it was founded.

Blue World Technologies is headquartered in Aalborg, Denmark.

Blue World Technologies is a funded company, having raised a total of $73.61M across 8 funding rounds to date.

As of Dec 31, 2021, the latest employee count at Blue World Technologies is 48.

Blue World Technologies was founded in 2018 in Aalborg, Denmark, focusing on the clean energy sector. Methanol fuel cells are developed through high-temperature PEM technology integrated with methanol-reforming processes. These systems are designed for applications in passenger vehicles, taxis, and material handling equipment. Drivetrain solutions are provided by combining the fuel cell with plug-in battery hybrids to manage power and range requirements. Operations emphasize efficiency in conversion and refueling.

Blue World Technologies's top competitors include Bloom Energy, Plug Power and Intelligent Energy.

Blue World Technologies has made 1 acquisition, including Danish Power Systems.

Blue World Technologies has 8 investors. Key investors include European Union, DEUTZ, Danmarks Eksport og Investeringsfond, Cycle Group, and Maersk Growth.

The valuation of Blue World Technologies is $856.16K as of Apr 2020.

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