About Hexagon Purus
Hexagon Purus is a company based in Alesund (Norway) founded in 2018.. The company has 848 employees as of December 31, 2024. Hexagon Purus has completed 1 acquisition, including Wystrach. Hexagon Purus offers products and services including Hydrogen Cylinders, Refueling Systems, and Stationary Storage. Hexagon Purus operates in a competitive market with competitors including IRP Systems, Vitesco Technologies, Saietta Electric Drive, Equipmake and eLeapPower, among others.
- Headquarter Alesund, Norway
- Employees 848 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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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 Hexagon Purus Asa
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Annual Revenue
$162.07 M (USD)40.53as on Dec 31, 2024
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Net Profit
$-97.77 M (USD)-64.98as on Dec 31, 2024
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EBITDA
$-33.19 M (USD)19.92as on Dec 31, 2024
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Latest Funding Round
$96.71 M (USD), Post-IPO
Dec 20, 2023
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Investors
Mitsui & Co.
& 6 more
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Employee Count
848
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Hexagon Purus
Hexagon Purus is a publicly listed company on the OSL with ticker symbol HPUR in Norway, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Hexagon Purus
Hexagon Purus offers a comprehensive portfolio of products and services, including Hydrogen Cylinders, Refueling Systems, and Stationary Storage. 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.
High-pressure Type 4 cylinders for storing hydrogen in mobility applications
Systems for efficient hydrogen refueling in various energy setups
Solutions for hydrogen storage in fixed infrastructure locations
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Funding Insights of Hexagon Purus
- Total Funding Total Funding
- Total Rounds 3
- Last Round Post-IPO — $96.7M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2023 | Amount | Post-IPO - Hexagon Purus | Valuation |
investors |
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| Mar, 2023 | Amount | Post-IPO - Hexagon Purus | Valuation |
investors |
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| Feb, 2022 | Amount | Post-IPO - Hexagon Purus | Valuation |
investors |
| 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 |
Investors in Hexagon Purus
Hexagon Purus has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Mitsui & Co., Hexagon Composites and Hy24. 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.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Composite pressure cylinders are supplied for mobility and storage uses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hexagon Purus
Hexagon Purus has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Wystrach. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Manufacturer of pressure systems for the storage and transport of gases
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Hexagon Purus
| 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 |
Hexagon Purus Comparisons
Competitors of Hexagon Purus
Hexagon Purus 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 IRP Systems, Vitesco Technologies, Saietta Electric Drive, Equipmake and eLeapPower, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Software-defined electric powertrain systems for micromobility are provided.
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| domain | founded_year | HQ Location |
Developer of powertrain system for multi-category vehicles
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| domain | founded_year | HQ Location |
Electric powertrain systems with motor technology are developed and manufactured.
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| domain | founded_year | HQ Location |
Electronic equipment is designed and developed for powertrain components.
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| domain | founded_year | HQ Location |
Powertrain systems for multi-category electric vehicles are developed.
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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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Latest news on Hexagon Purus
Frequently Asked Questions about Hexagon Purus
When was Hexagon Purus founded?
Hexagon Purus was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is Hexagon Purus located?
Hexagon Purus is headquartered in Alesund, Norway. It is registered at Alesund, Møre And Romsdal, Norway.
Who is the current CEO of Hexagon Purus?
Morten Holum is the current CEO of Hexagon Purus.
How many employees does Hexagon Purus have?
As of Dec 31, 2024, the latest employee count at Hexagon Purus is 848.
What is the annual revenue of Hexagon Purus?
Annual revenue of Hexagon Purus is $162.07M as on Dec 31, 2024.
What does Hexagon Purus do?
Hexagon Purus was established in 2018 in Alesund, Norway, within the clean energy sector. Hydrogen technologies for electric vehicles are developed and produced, including high-pressure type 4 cylinders, fuel storage systems, distribution components, and battery integrations. Operations emphasize components for hydrogen mobility, supporting advancements in sustainable transportation across global markets.
Who are the top competitors of Hexagon Purus?
Hexagon Purus's top competitors include IRP Systems, Equipmake and Vitesco Technologies.
What products or services does Hexagon Purus offer?
Hexagon Purus offers Hydrogen Cylinders, Refueling Systems, and Stationary Storage.
Is Hexagon Purus publicly traded?
Yes, Hexagon Purus is publicly traded on OSL under the ticker symbol HPUR.
How many acquisitions has Hexagon Purus made?
Hexagon Purus has made 1 acquisition, including Wystrach.
Who are Hexagon Purus's investors?
Hexagon Purus has 7 investors. Key investors include Mitsui & Co., Hexagon Composites, Hy24, Dionysos AS, and Colinas AS.
What is Hexagon Purus's ticker symbol?
The ticker symbol of Hexagon Purus is HPUR on OSL.
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