H2 Logic

Herning, Denmark Founded: 2003 • Age: 23 yrs Acquired By Nel Hydrogen
Hydrogen refueling stations are developed for fuel cell vehicles.
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About H2 Logic

H2 Logic is a company based in Herning (Denmark) founded in 2003 was acquired by Nel Hydrogen in May 2015.. The company has 23 employees as of December 31, 2021. H2 Logic offers products and services including PEM Electrolyser and Atmospheric Alkaline Electrolyser. H2 Logic operates in a competitive market with competitors including ChargeNet Holdings, AddEnergie Technologies, Clever, POWER FUEL and GET LIT, among others.

  • Headquarter Herning, Denmark
  • Employees 23 as on 31 Dec, 2021
  • Sectors
    Transportation, Automotive & Logistics
    Energy & Utilities
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Nel Asa
Operational Areas
Transportation, Automotive & Logistics → Automotive Technology & Mobility Solutions → →
Energy & Utilities → Energy Storage & Efficiency → →
Key Metrics
  • Annual Revenue
    $9.39 M (USD)
    19
    as on Dec 31, 2022
  • Net Profit
    $-151.65 M (USD)
    -5837
    as on Dec 31, 2022
  • EBITDA
    $-313.11 M (USD)
    -3914
    as on Dec 31, 2022
  • Latest Funding Round
    $2.23 M (USD), Grant

    May 31, 2017

  • Investors
    Nel Hydrogen

    & 3 more

  • Employee Count
    23

    as on Dec 31, 2021

  • Acquired by
    Nel Hydrogen

    (May 31, 2015)

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Products & Services of H2 Logic

H2 Logic offers a comprehensive portfolio of products and services, including PEM Electrolyser and Atmospheric Alkaline Electrolyser. 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.

Primary

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 Funding
  • Total Rounds 3
  • Last Round Grant — $2.2M
  • First Round

    (01 Sep 2008)

  • Investors Count 3
Date Amount Transaction Name Valuation Lead Investors Investors
May, 2017 Amount Grant - H2 Logic Valuation

investors
EIC Fund
Jun, 2015 Amount Grant - H2 Logic Valuation

investors
European Union
Sep, 2008 Amount Grant - H2 Logic Valuation

investors
Danish Energy Agency
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

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. 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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
EIC Fund
Government agency and accelerator focusing on innovative startups and SMEs
Founded Year Domain Location
European Union
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
Founded Year Domain Location
Danish Energy Agency
Multiple electrical equipment services are provided across Denmark.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Amitabh Bachchan family office
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Signite Partners
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Sixteenth Street Capital
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
GGV Capital
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by H2 Logic

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - H2 Logic

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

H2 Logic Comparisons

Employees
+
Add Comparison
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Competitors of H2 Logic

H2 Logic 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 ChargeNet Holdings, AddEnergie Technologies, Clever, POWER FUEL and GET LIT, 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
ChargeNet Holdings
domain founded_year HQ Location
SaaS and AI-enabled platform offering electric vehicle charging and management solutions
AddEnergie Technologies
domain founded_year HQ Location
Electric-vehicle charging equipment and networking solutions are developed and supplied.
Clever
domain founded_year HQ Location
Clever is engaged in providing electric vehicle charging solutions.
POWER FUEL
domain founded_year HQ Location
Provides comprehensive solutions for electric vehicle charging infrastructure.
GET LIT
domain founded_year HQ Location
Fast charging and rental of power banks through app-based urban network.
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on H2 Logic

Frequently Asked Questions about H2 Logic

When was H2 Logic founded?

H2 Logic was founded in 2003 and raised its 1st funding round 5 years after it was founded.

Where is H2 Logic located?

H2 Logic is headquartered in Herning, Denmark.

How many employees does H2 Logic have?

As of Dec 31, 2021, the latest employee count at H2 Logic is 23.

What is the annual revenue of H2 Logic?

Annual revenue of H2 Logic is $9.39M as on Dec 31, 2022.

What does H2 Logic do?

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.

Who are the top competitors of H2 Logic?

H2 Logic's top competitors include ChargeNet Holdings, Clever and Zapp.

What products or services does H2 Logic offer?

H2 Logic offers PEM Electrolyser and Atmospheric Alkaline Electrolyser.

Who are H2 Logic's investors?

H2 Logic has 4 investors. Key investors include Nel Hydrogen, European Union, Danish Energy Agency, and EIC Fund.

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