About H2E Power
H2E Power is an Energy & Utilities company based in Pune (India) founded in 2011 by Bhavana Mayur, Amarnath Chakradeo, Suresh Sharma, and Siddharth R Mayur. Provider of energy storage solutions. H2E Power has raised $200 thousand across 2 funding rounds from investors including SINE, Bhavana Mayur and Siddharth R Mayur. The company has 23 employees. H2E Power was last valued at $248.78 thousand in June 2018. Its chief executive, as recorded, is Siddharth R Mayur. H2E Power offers products and services including H2e Power Box, SOFC, SOEC, and Waste to Hydrogen. Its focus areas include Energy Tech, Energy Storage Tech, Fuel Cell and Solid Oxide. Its legal entity is h2e Power Systems Inc.
Company details
H2E Power was founded in 2011 and is based in Pune, India. Operations focus on the energy storage sector, where hydrogen and fuel cell solutions are developed and offered to support sustainable energy applications. Services include the provision of cutting-edge technologies for storage and power generation, with activities centered in the clean energy domain. Key personnel consist of co-founders handling executive roles in technology, business development, and human resources.
- Headquarters Pune, India
- Employees 23
- Founders Bhavana Mayur, Amarnath Chakradeo, Suresh Sharma, Siddharth R Mayur
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website h2epower.net
- Social LinkedIn X
- Legal Name H2e Power Systems Inc.
- Annual Revenue$846.43 K (USD)327as on Mar 31, 2022
- Net Profit-$5.23 K (USD)-266as on Mar 31, 2022
- EBITDA$86.98 K (USD)187as on Mar 31, 2022
- Total Equity Funding$200K (USD)
in 2 rounds
- InvestorsSINE
& 2 more
- Employee Count23
Associated legal entities of H2E Power
H2E Power is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ohm Clean Tech Private Limited CIN U40106PN2020PTC191652 | Active | 03 Jul 2020 | Pune, Maharashtra | ₹0.3 Cr | 7 | 3 | View details |
| H2e Power Systems Private Limited CIN U40108PN2011PTC140874 | Active | 26 Sep 2011 | Pune, Maharashtra | ₹14.7 Cr | 22 | 6 | View details |
Products & Services of H2E Power
H2E Power offers a comprehensive portfolio of products and services, including H2e Power Box, SOFC, SOEC, and Waste to Hydrogen.
Hybrid system for green energy generation and storage.
Converts fuel to electricity using solid oxide components.
Produces hydrogen through reversible fuel cell processes.
Converts waste into hydrogen for clean energy applications.
Funding Insights of H2E Power
H2E Power has successfully raised a total of $200K across 2 strategic funding rounds. 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 $200,000
- Total Rounds 2
- First Round $200,000
(Feb 2015)
- Investors Count 3
All 2 funding rounds of H2E Power 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 |
|---|---|---|---|---|---|
| Jun 2018 | Seed | $248,782 | SINE | ||
| Feb 2015 | $200,000 | Seed | – | – | – |
Last known valuation $248,782 (Jun 2018). 3 investors in total: 1 institutional and 2 angel.
Investors in H2E Power
H2E Power has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include SINE, Bhavana Mayur and Siddharth R Mayur.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sector-agnostic startups are accelerated by SINE, backed by IIT Bombay. | sineiitb.org | Mumbai, India | ||
BM Bhavana Mayur | Angel investor focusing on early-stage Indian startups in tech and consumer sectors. | unknown_58d875c7b4f94dcd8 | ||
SR Siddharth R Mayur | Founder of HBits, real estate fintech expert, active angel investor | unknown_2f85b9bff6e34b89a |
Investor details for H2E Power
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of H2E Power
The boards of the 2 registered companies of H2E Power currently have 7 directors; the longest-serving is Amarnath Ashok Chakradeo, appointed in 2016. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amarnath Ashok Chakradeo DIN 02923607 | Whole-time director | 01 Sep 2016 | 10 yrs 1 mo | H2e Power Systems Private Limited |
| Michael Ciril Vernekar DIN 08558199 | Director | 20 Dec 2019 | 6 yrs 10 mo | H2e Power Systems Private Limited |
| Saurabh Lakshman Prabhudesai DIN 02424996 | Director | 20 Dec 2019 | 6 yrs 10 mo | H2e Power Systems Private Limited |
| Muralidharan Krishna Poduval DIN 08661062 | Director | 10 Jan 2020 | 6 yrs 9 mo | H2e Power Systems Private Limited |
| Bhavana Siddharth Mayur DIN 02603611 | Director | 03 Jul 2020 | 6 yrs 3 mo | Ohm Clean Tech Private Limited |
| Siddharth Rajendra Mayur DIN 00618959 | Managing Director | 23 Jul 2024 | 2 yrs 3 mo | Ohm Clean Tech Private Limited, H2e Power Systems Private Limited |
| Dadasaheb Jagannath Shendage DIN 09339972 | Director | 24 Jul 2024 | 2 yrs 3 mo | Ohm Clean Tech Private Limited |
People of H2E Power
5 people are tracked at H2E Power (5 in leadership); the tracked headcount is 23.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CHRO | Leadership | |
| Co-Founder & CTO | Leadership | |
Suresh Sharma | Co-Founder & VP Business Development | Leadership |
| Co-Founder & CEO | Leadership | |
Meeta Angarkar | Head Accounts | Leadership |
Complete people profiles for H2E Power
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of H2E Power
Figures of Ohm Clean Tech Private Limited, the primary company behind H2E Power, for FY 2025. Revenue was ₹32 Lakh (+533% year on year). Net profit was ₹7.6 Lakh (24% margin). EBITDA was ₹7.6 Lakh (24% margin). Revenue has grown at a compounded annual rate of +462% over three years.
- ₹32 LakhRevenue · FY 2025 · +533% YoY
- ₹7.6 LakhNet profit · 24% margin
- ₹7.6 LakhEBITDA · 24% margin
- ₹1 LakhPaid-up capital
- 7Employees (provident fund records)
- +462%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Ohm Clean Tech Private Limited are on its company page.
Detailed financial statements for H2E Power
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of H2E Power
3 dated milestones of H2E Power across 7 years, from founding to its latest funding, stage changes and deals.
- Founded H2E Power is founded.
- Funding First funding round of $200K.
- Funding Latest funding round, Seed,.
Web traffic of H2E Power
The website of H2E Power (h2epower.net) receives about 1.9K visits a month.
- Monthly visits1.9K
▲ 61.5% vs previous month
Top companies in Energy Storage Systems
2 companies that operate in the same segment as H2E Power (Energy Storage Systems) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of EV battery-swapping network | 2019 | Gurugram, Haryana, India | USD 187.76 M | USD 22.56 M | 482 | |
Lithium-ion batteries for electric vehicles are manufactured across categories. | 2006 | Gurugram, Haryana, India | USD 34.18 M | 177 |
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Related news about H2e Power
Complete news archive for H2E Power
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Frequently Asked Questions about H2E Power
H2E Power was founded in 2011 and raised its 1st funding round 4 years after it was founded.
H2E Power is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Siddharth R Mayur is the CEO of H2E Power, as recorded in our data. They have also founded this company.
H2E Power is a funded company, having raised a total of $200K across 2 funding rounds to date. The company's 1st funding round was a Seed of $200K, raised on Feb 2015.
H2E Power has 23 employees.
Annual revenue of H2E Power is $846.43K as on Mar 31, 2022.
H2E Power was founded in 2011 and is based in Pune, India. Operations focus on the energy storage sector, where hydrogen and fuel cell solutions are developed and offered to support sustainable energy applications. Services include the provision of cutting-edge technologies for storage and power generation, with activities centered in the clean energy domain. Key personnel consist of co-founders handling executive roles in technology, business development, and human resources.
H2E Power offers H2e Power Box, SOFC, SOEC, and Waste to Hydrogen.
H2E Power has 3 investors. Key investors include SINE, Bhavana Mayur, and Siddharth R Mayur.
The valuation of H2E Power is $248.78K as of Jun 2018.
H2E Power is associated with 2 legal entities: Ohm Clean Tech Private Limited, H2e Power Systems Private Limited.
The legal entities of H2E Power currently have 7 directors, including Dadasaheb Jagannath Shendage, Bhavana Siddharth Mayur, Siddharth Rajendra Mayur and others.