About Everfuel
Everfuel is a company based in Herning (Denmark) founded in 2019.. Everfuel has raised $38.72 million across 11 funding rounds from investors including European Investment Bank, European Union and Swedish Energy Agency. The company has 71 employees as of November 30, 2024. Everfuel offers products and services including Green Hydrogen Production and Hydrogen Delivery. Everfuel operates in a competitive market with competitors including H2 MOBILITY, NanoSUN, H2.LIVE, Ryze Hydrogen and HTEC, among others.
- Headquarter Herning, Denmark
- Employees 71 as on 30 Nov, 2024
- Stage Public
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Everfuel A/S
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Annual Revenue
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Net Profit
$-798.16 K (USD)-130as on Dec 31, 2021
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EBITDA
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Total Equity Funding
$38.72 M (USD)
in 11 rounds
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Latest Funding Round
$26.36 M (USD), Post-IPO
Mar 09, 2023
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Investors
European Investment Bank
& 5 more
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Employee Count
71
as on Nov 30, 2024
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Products & Services of Everfuel
Everfuel offers a comprehensive portfolio of products and services, including Green Hydrogen Production and Hydrogen Delivery. 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.
Produces green hydrogen from renewable sources for industrial use.
Delivers hydrogen via trailers to customers for mobility needs.
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Funding Insights of Everfuel
Everfuel has successfully raised a total of $38.72M across 11 strategic funding rounds. The most recent funding activity was a Post-IPO round of $26.36 million completed in March 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.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Post-IPO — $26.4M
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First Round
First Round
(01 Jul 2016)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Post-IPO - Everfuel | Valuation |
investors |
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| Sep, 2022 | Amount | Grant - Everfuel | Valuation |
investors |
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| Jul, 2022 | Amount | Grant - Everfuel | 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 Everfuel
Everfuel has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include European Investment Bank, European Union and Swedish Energy Agency. 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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Finance and advisory services for infrastructure projects are provided.
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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 | |
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The Swedish Energy Agency was established in 1998 in Eskilstuna.
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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 Everfuel
| 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 |
Financial Statements - Everfuel
| 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 |
Everfuel Comparisons
Competitors of Everfuel
Everfuel 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 H2 MOBILITY, NanoSUN, H2.LIVE, Ryze Hydrogen and HTEC, 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 |
Provider of hydrogen filling station sevrices
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| domain | founded_year | HQ Location |
Hydrogen storage solutions and refueling equipment are provided.
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| domain | founded_year | HQ Location |
Online platform for hydrogen refuelling stations
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| domain | founded_year | HQ Location |
Solutions for transport and supply of hydrogen
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| domain | founded_year | HQ Location |
Hydrogen refueling facilities are developed and operated for sustainable energy.
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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 Everfuel
Frequently Asked Questions about Everfuel
When was Everfuel founded?
Everfuel was founded in 2019.
Where is Everfuel located?
Everfuel is headquartered in Herning, Denmark.
Is Everfuel a funded company?
Everfuel is a funded company, having raised a total of $38.72M across 11 funding rounds to date. The company's 1st funding round was a Grant of $74.56M, raised on Jul 01, 2016.
How many employees does Everfuel have?
As of Nov 30, 2024, the latest employee count at Everfuel is 71.
What does Everfuel do?
Everfuel was founded in 2019 in Herning, Denmark, within the renewable energy sector focused on hydrogen. Green hydrogen is produced by the company, which also develops and delivers fueling infrastructure for vehicles and other applications. Operations emphasize integration of hydrogen solutions into transportation and industrial uses, with services extended to multiple European sites to support energy transition efforts.
Who are the top competitors of Everfuel?
What products or services does Everfuel offer?
Everfuel offers Green Hydrogen Production and Hydrogen Delivery.
Who are Everfuel's investors?
Everfuel has 6 investors. Key investors include European Investment Bank, European Union, Swedish Energy Agency, Saga Tankers, and Luxor Capital Group.
What is Everfuel's valuation?
The valuation of Everfuel is $311.34M as of Oct 2020.