About Electric Hydrogen
Electric Hydrogen is a company based in San Carlos (United States) founded in 2020 by Derek Warnick, Raffi Garabedian, and David Eaglesham.. Electric Hydrogen has raised $602.65 million across 6 funding rounds from investors including Microsoft, Honeywell and HSBC. The company has 146 employees as of December 31, 2022. Electric Hydrogen has completed 1 acquisition, including Ambient Fuels. Electric Hydrogen offers products and services including HYPRPlant and Electrolyzer Stacks. Electric Hydrogen operates in a competitive market with competitors including Orsted, Nel Hydrogen, Sunfire, Verdagy and Lhyfe, among others.
- Headquarter San Carlos, United States
- Employees 146 as on 31 Dec, 2022
- Founders Derek Warnick, Raffi Garabedian, David Eaglesham
- Stage Unicorn
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Electric Hydrogen Co
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$602.65 M (USD)
in 6 rounds
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Latest Funding Round
$100 M (USD), Debt – Conventional
May 09, 2024
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Investors
Microsoft
& 26 more
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Employee Count
146
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of Electric Hydrogen
Electric Hydrogen offers a comprehensive portfolio of products and services, including HYPRPlant and Electrolyzer Stacks. 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 integrated solutions for ultra-low cost clean hydrogen electrolysis
Delivers powerful PEM stacks for efficient water electrolysis processes
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Software Development Team
7 people
Finance and Accounting
7 people
Product Management Team
5 people
Sales and Marketing
4 people
Human Resources and Administration
4 people
Leadership Team
3 people
Legal and Compliance
2 people
Operations Team
2 people
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Funding Insights of Electric Hydrogen
Electric Hydrogen has successfully raised a total of $602.65M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $100 million completed in May 2024. 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 Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $100.0M
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First Round
First Round
(23 Jun 2021)
- Investors Count 27
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Debt – Conventional - Electric Hydrogen | Valuation |
investors |
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| Oct, 2023 | Amount | Series C - Electric Hydrogen | Valuation | Fortescue , Fifth Wall | |
| Jun, 2022 | Amount | Series B - Electric Hydrogen | Valuation | Fifth Wall |
| 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 Electric Hydrogen
Electric Hydrogen has secured backing from 27 investors, including institutional and venture fund investors. Prominent investors backing the company include Microsoft, Honeywell and HSBC. 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 debt financing is provided to companies in multiple sectors.
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Founded Year | Domain | Location | |
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Investments are made in early-stage tech startups by Fifth Wall.
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Founded Year | Domain | Location | |
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Venture capital fund focused on growth-stage startups
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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 Electric Hydrogen
Electric Hydrogen has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Ambient Fuels. 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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Provider of solutions for green hydrogen generation
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2021 |
| 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 - Electric Hydrogen
| 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 |
Electric Hydrogen Comparisons
Competitors of Electric Hydrogen
Electric Hydrogen 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 Orsted, Nel Hydrogen, Sunfire, Verdagy and Lhyfe, 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 |
Power generation via bioenergy, thermal, and wind sources is offered.
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| domain | founded_year | HQ Location |
Provider of hydrogen production and storage solutions
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| domain | founded_year | HQ Location |
Pressurized alkaline and solid oxide electrolysis products are manufactured.
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| domain | founded_year | HQ Location |
Electrolyzers for hydrogen production are supplied by Verdagy.
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| domain | founded_year | HQ Location |
Producer and supplier of green hydrogen
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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 Electric Hydrogen
Frequently Asked Questions about Electric Hydrogen
When was Electric Hydrogen founded?
Electric Hydrogen was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Electric Hydrogen located?
Electric Hydrogen is headquartered in San Carlos, United States. It is registered at San Carlos, California, United States.
Who is the current CEO of Electric Hydrogen?
Raffi Garabedian is the current CEO of Electric Hydrogen. They have also founded this company.
Is Electric Hydrogen a funded company?
Electric Hydrogen is a funded company, having raised a total of $602.65M across 6 funding rounds to date. The company's 1st funding round was a Series B of $198M, raised on Jun 23, 2021.
How many employees does Electric Hydrogen have?
As of Dec 31, 2022, the latest employee count at Electric Hydrogen is 146.
What does Electric Hydrogen do?
Electric Hydrogen was founded in 2020 and is based in San Carlos, United States. Hydrogen generation solutions are delivered through electrolysis-based systems and operational support. Focus is placed on enabling efficient, scalable production of green hydrogen for industrial applications. The companys approach integrates technology and services to address clean energy needs in the hydrogen sector.
Who are the top competitors of Electric Hydrogen?
Electric Hydrogen's top competitors include Lhyfe, Nel Hydrogen and Orsted.
What products or services does Electric Hydrogen offer?
Electric Hydrogen offers HYPRPlant and Electrolyzer Stacks.
How many acquisitions has Electric Hydrogen made?
Electric Hydrogen has made 1 acquisition, including Ambient Fuels.
Who are Electric Hydrogen's investors?
Electric Hydrogen has 27 investors. Key investors include Microsoft, Honeywell, HSBC, SVB, and J P Morgan.
What is Electric Hydrogen's valuation?
The valuation of Electric Hydrogen is $1B as of Oct 2023.