About FCEV
FCEV is a company based in Baoding (China) founded in 2016. FCEV has raised $219.95 million across 2 funding rounds from investors including SDIC, China Building Materials Group and Liben. FCEV operates in a competitive market with competitors including Ecolectro, Loop Energy, Pajarito Powder, Celadyne and Ionomr Innovations, among others.
- Headquarter Baoding, China
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website ftxt-e.com
- Social LinkedIn
- Total Equity Funding$219.95M (USD)
in 2 rounds
- Latest Funding Round$78.6M (USD), Series B
Dec 2022
- InvestorsSDIC
& 3 more
Funding Insights of FCEV
FCEV has successfully raised a total of $219.95M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $78.6 million completed in December 2022. 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 $219.95M
- Total Rounds 2
- Last Round Series B — $78.6M
- First Round $141.35M
(Dec 2021)
- Investors Count 4
All 2 funding rounds of FCEV with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2022 | $78.6M | Series B | – | China National Building Materials | |
| Dec 2021 | $141.35M | Series A | – | PICC Capital Investment Management, SDIC |
4 investors in total: 4 institutional.
Investors in FCEV
FCEV has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include SDIC, China Building Materials Group and Liben.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Building materials manufacturing, new materials innovation, and engineering services in China. | – | cnbm.com.cn | - | |
Investment holding company | 1995 | sdic.com.cn | Beijing, China | |
Provides comprehensive solutions for power distribution platforms. | 2019 | liben.com.br | Florianopolis, Brazil | |
Manages diversified investment funds and portfolios for clients. | 2018 | picccim.com.cn | Xicheng, China |
Investor details for FCEV
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People of FCEV
8 people are tracked at FCEV (1 in leadership, 7 in team).
| Name | Role | Group |
|---|---|---|
Peter Bach | Chief Technology Officer | Leadership |
Amir Maravandi, Ph.D, P.Eng, PMP | Senior Stack Development Engineer - Team Lead | Team |
Majid Moshfeghi | Senior Mechanical Design Engineer | Team |
Philipp Mohr | Technical Project Manager | Team |
Sam Bahrehmand, PhD, EIT | Mechanical Engineer | Team |
Mahsa Keyvani, Ph.D., EIT | Materials Engineer | Team |
Pouria Khoshnevisrad | Senior Fuel Cell Stack Engineer | Team |
Michael Szperkowicz | Materials and Process Development Engineer | Team |
Complete people profiles for FCEV
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Timeline of FCEV
3 dated milestones of FCEV across 6 years, from founding to its latest funding, stage changes and deals.
- Founded FCEV is founded.
- Funding First funding round of $141.3M.
- Funding Latest funding round, Series B, of $78.6M.
Competitors of FCEV
FCEV 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 Ecolectro, Loop Energy, Pajarito Powder, Celadyne and Ionomr Innovations, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ecolectro.com | 2015 | Ithaca, United States | $26.11M | – | Low-cost conductive alkaline polymer membranes for fuel cells are developed. | |
| loopenergy.com | 2013 | Burnaby, Canada | – | 134 | Hydrogen fuel cells for heavy-duty vehicles are developed. | |
| pajaritopowder.com | 2012 | Albuquerque, United States | $14.77M | – | Precious-metal-free catalysts and carbon supports for fuel cells are manufactured. | |
| celadynetech.com | 2018 | Chicago, United States | $4.6M | 8 | Develops advanced membranes for hydrogen fuel cells and electrolyzer efficiency in energy sectors. | |
| ionomr.com | 2017 | Vancouver, Canada | $38M | – | Ion-exchange membranes are developed for electrochemical applications. | |
| borit.be | 2010 | Geel, Belgium | $8.47M | 28 | Components for fuel cells and electrolyzers are manufactured and supplied. | |
| pragma-industries.com | 2004 | Biarritz, France | $4.26M | – | Developer of fuel cell testing equipment and fuel cell stack | |
| ionmembranes.com | 2023 | Istanbul, Turkey | $750,000 | – | Ion exchange membranes are manufactured for selective ion transport applications. | |
| tangfengenergy.com | 2017 | Shanghai, China | $15.46M | – | Provider of solutions for the low-platinum membrane-based electrodes |
Detailed competitors of FCEV
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Latest news on Fcev
Complete news archive for FCEV
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Similar companies to FCEV
10 companies that operate in the same segment as FCEV (Energy Storage Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
EV charging station network is operated for vehicle users. | 2017 | Munchen, Bayern, Germany | USD 791 M | – | – | |
Platform offering smart electric vehicle charging solutions | 2018 | London, England, United Kingdom | USD 63.18 M | – | – | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 1.88 B | – | – | |
Provider of electric vehicle charging solutions | 2009 | London, England, United Kingdom | USD 58.39 M | – | – | |
Monta is recognized as a provider of EV charging software solutions. | 2020 | Copenhagen, Denmark | USD 134.51 M | – | – | |
Provider of EV battery-swapping network | 2019 | Gurugram, Haryana, India | USD 187.76 M | USD 22.56 M | 482 | |
Portable electric vehicle charging solutions are developed and provided. | 2014 | Boston, Massachusetts, United States | USD 104.86 M | – | 50 | |
Provider of solar integrated power storage system | 2010 | Wildpoldsried, Bavaria, Germany | USD 168.42 M | USD 132.91 M | – | |
Lithium-ion batteries for electric vehicles are manufactured across categories. | 2006 | Gurugram, Haryana, India | – | USD 34.18 M | 177 |
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Frequently Asked Questions about FCEV
FCEV was founded in 2016 and raised its 1st funding round 5 years after it was founded.
FCEV is headquartered in Baoding, China. It is registered at Baoding, Hebei, China.
FCEV is a funded company, having raised a total of $219.95M across 2 funding rounds to date. The company's 1st funding round was a Series A of $141.35M, raised on Dec 2021.
FCEV was founded in 2016 and is based in Baoding, China. Operations are centered on the production of batteries within the energy storage sector. Manufacturing processes are conducted at facilities in the region, with a focus on supplying components for various applications. The company maintains a presence in the industrial domain, accessible via its website at ftxt-e.com, supporting regional and potentially international distribution.
FCEV's top competitors include Ecolectro, Loop Energy and Ionomr Innovations.
FCEV has 4 investors. Key investors include SDIC, China Building Materials Group, Liben, and PICC Capital Investment Management.