About H2 Logic
H2 Logic is a Transportation, Automotive & Logistics company based in Herning (Denmark) founded in 2003, and was acquired by Nel Hydrogen in May 2015. Hydrogen refueling stations are developed for fuel cell vehicles. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. The company has 23 employees. H2 Logic offers products and services including PEM Electrolyser and Atmospheric Alkaline Electrolyser. Its focus areas include Energy Tech, Energy Storage Tech, Hydrogen and Station Network. Its legal entity is Nel ASA. Its competitors include Clever, POWER FUEL and GET LIT.
Company details
H2 Logic was established in 2003 in Herning, Denmark, within the hydrogen energy sector. Hydrogen refueling stations are designed and produced by the company to support charging for fuel cell powered vehicles. Integration with on-site hydrogen generation facilities is enabled, or hydrogen supply via trucks is accommodated. Operations emphasize infrastructure for sustainable transport solutions across Europe.
- Headquarters Herning, Denmark
- Employees 23
- Stage Acquired
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Website h2logic.com
- Social LinkedIn X Facebook Instagram
- Acquired by Nel Hydrogen (May 2015)
- Legal Name Nel Asa
- Annual Revenue$9.39 M (USD)19as on Dec 31, 2022
- Net Profit-$151.65 M (USD)-5837as on Dec 31, 2022
- EBITDA-$313.11 M (USD)-3914as on Dec 31, 2022
- Latest Funding Round$2.23M (USD), Grant
May 2017
- InvestorsNel Hydrogen
& 3 more
- Employee Count23
- Acquired byNel Hydrogen
(May 2015)
Products & Services of H2 Logic
H2 Logic offers a comprehensive portfolio of products and services, including PEM Electrolyser and Atmospheric Alkaline Electrolyser.
Generates hydrogen using proton exchange membrane technology for industrial use.
Produces hydrogen in atmospheric conditions for renewable energy applications.
Funding Insights of H2 Logic
- Total Rounds 3
- Last Round Grant — $2.23M
- First Round $3.45M
(Sep 2008)
- Investors Count 3
All 3 funding rounds of H2 Logic 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 |
|---|---|---|---|---|---|
| May 2017 | $2.23M | Grant | – | – | |
| Jun 2015 | $2.18M | Grant | – | – | |
| Sep 2008 | $3.45M | Grant | – | – |
4 investors in total: 4 institutional.
Investors in H2 Logic
H2 Logic has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Nel Hydrogen, European Union and Danish Energy Agency.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government agency and accelerator focusing on innovative startups and SMEs | eicfund.eu | Brussels, Belgium | ||
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Multiple electrical equipment services are provided across Denmark. | 1976 | ens.dk | Copenhagen, Denmark | |
Provider of hydrogen production and storage solutions | 1927 | nelhydrogen.com | Oslo, Norway |
Investor details for H2 Logic
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Timeline of H2 Logic
4 dated milestones of H2 Logic across 14 years, from founding to its latest funding, stage changes and deals.
- Founded H2 Logic is founded.
- Funding First funding round of $3.5M.
- Exit Acquired by Nel Hydrogen.
- Funding Latest funding round, Grant, of $2.2M.
Competitors of H2 Logic
H2 Logic has 3 listed competitors in our database. They include Clever, POWER FUEL and GET LIT.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| clever.dk | 2009 | Copenhagen, Denmark | Clever is engaged in providing electric vehicle charging solutions. | |||
| powerfuel.dk | 2020 | Skovlunde, Denmark | 7 | Provides comprehensive solutions for electric vehicle charging infrastructure. | ||
| getlit.dk | 2020 | Copenhagen, Denmark | 5 | Fast charging and rental of power banks through app-based urban network. |
Detailed competitors of H2 Logic
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Frequently Asked Questions about H2 Logic
H2 Logic was founded in 2003 and raised its 1st funding round 5 years after it was founded.
H2 Logic is headquartered in Herning, Denmark.
H2 Logic has 23 employees.
Annual revenue of H2 Logic is $9.39M as on Dec 31, 2022.
H2 Logic was established in 2003 in Herning, Denmark, within the hydrogen energy sector. Hydrogen refueling stations are designed and produced by the company to support charging for fuel cell powered vehicles. Integration with on-site hydrogen generation facilities is enabled, or hydrogen supply via trucks is accommodated. Operations emphasize infrastructure for sustainable transport solutions across Europe.
H2 Logic's top competitors include Clever, POWER FUEL and GET LIT.
H2 Logic offers PEM Electrolyser and Atmospheric Alkaline Electrolyser.
H2 Logic has 4 investors. Key investors include Nel Hydrogen, European Union, Danish Energy Agency, and EIC Fund.
H2 Logic operates through Nel Asa.
Yes. H2 Logic was acquired by Nel Hydrogen in May 2015.