About Evolve Hydrogen
Evolve Hydrogen is a company based in Stony Brook (United States) founded in 2020 by Brian Gilman and Spencer Teplin.. Evolve Hydrogen has raised $31.25 thousand across 1 funding round. Evolve Hydrogen offers products and services including Evolve™ Electrolyzer. Evolve Hydrogen operates in a competitive market with competitors including Nel Hydrogen, Orsted, Lhyfe, Sunfire and H3 Dynamics, among others.
- Headquarter Stony Brook, United States
- Founders Brian Gilman, Spencer Teplin
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Sectors
Energy & UtilitiesTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Evolve Hydrogen, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$31.25 K (USD)
in 1 rounds
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Latest Funding Round
$31.25 K (USD), Seed
Jun 01, 2021
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Investors
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Employee Count
Employee Count
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Products & Services of Evolve Hydrogen
Evolve Hydrogen offers a comprehensive portfolio of products and services, including Evolve™ Electrolyzer. 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.
Device for efficient green hydrogen production from seawater sources
Funding Insights of Evolve Hydrogen
Evolve Hydrogen has successfully raised a total of $31.25K through 1 strategic funding round. The most recent funding activity was a Seed round of $31.25 thousand completed in June 2021. 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 1
- Last Round Seed — $31,250
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First Round
First Round
(01 Jun 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Seed - Evolve Hydrogen | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investments & Acquisitions by Evolve Hydrogen
| 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 - Evolve 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 |
Evolve Hydrogen Comparisons
Competitors of Evolve Hydrogen
Evolve 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 Nel Hydrogen, Orsted, Lhyfe, Sunfire and H3 Dynamics, 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 |
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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 |
Power generation via bioenergy, thermal, and wind sources is offered.
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| domain | founded_year | HQ Location |
Producer and supplier of green hydrogen
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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 |
Aerial inspection services are delivered using automated drones.
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| domain | founded_year | HQ Location |
Solutions for hydrogen generation via electrolysis are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Evolve Hydrogen
When was Evolve Hydrogen founded?
Evolve Hydrogen was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Evolve Hydrogen located?
Evolve Hydrogen is headquartered in Stony Brook, United States. It is registered at Stony Brook, New York, United States.
Who is the current CEO of Evolve Hydrogen?
Brian Gilman is the current CEO of Evolve Hydrogen. They have also founded this company.
Is Evolve Hydrogen a funded company?
Evolve Hydrogen is a funded company, having raised a total of $31.25K across 1 funding round to date. The company's 1st funding round was a Seed of $31.25K, raised on Jun 01, 2021.
What does Evolve Hydrogen do?
Evolve Hydrogen was founded in 2020 and is headquartered in Stony Brook, United States. Operations center on the clean energy sector, where electrolysis solutions powered by renewable sources are developed for hydrogen production. The Evolve system, based on polymer technology, is employed to extract hydrogen from various water sources, including tap water, seawater, and groundwater. Services target sustainable energy applications across industrial contexts.
Who are the top competitors of Evolve Hydrogen?
Evolve Hydrogen's top competitors include Lhyfe, Nel Hydrogen and Orsted.
What products or services does Evolve Hydrogen offer?
Evolve Hydrogen offers Evolve™ Electrolyzer.
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