Hexagon Purus

Alesund, Norway Founded: 2018 • Age: 8 yrs
Hydrogen-based batteries and systems for electric vehicles are manufactured.
Annual revenue $111.1M Latest available
Total funding - 3 rounds
Employees 848 Tracked headcount
Investors 7 Known backers
Products 3 Services tracked
Competitors 8 Brand Intelligence

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
  • Sectors
    Transportation, Automotive & Logistics
  • 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
Operational Areas
Transportation, Automotive & Logistics → Automotive Technology & Mobility Solutions Unlock Sub-Sector Unlock Segment
Transportation, Automotive & Logistics → Automotive Manufacturing & Engineering Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $111.12 M (USD)
    -39.11
    as on Dec 31, 2025
  • Net Profit
    -$148.82 M (USD)
    -35.34
    as on Dec 31, 2025
  • EBITDA
    -$62.03 M (USD)
    -65.94
    as on Dec 31, 2025
  • Latest Funding Round
    $96.71 M (USD), Post-IPO

    Dec 20, 2023

  • Investors
  • 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.

Exchange: OSL · Ticker: HPUR · Sector: Producer manufacturing · Norway

Products & Services of Hexagon Purus

Hexagon Purus offers a comprehensive portfolio of products and services, including Hydrogen Cylinders, Refueling Systems, and Stationary Storage.

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Primary

High-pressure Type 4 cylinders for storing hydrogen in mobility applications

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Systems for efficient hydrogen refueling in various energy setups

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Solutions for hydrogen storage in fixed infrastructure locations

People of Hexagon Purus

Headcount 500-1000
Employee Profiles 40
Employee Profiles
People
Aline Barros
Production System Manager
People
Valentin Schultheis
Project Manager
People
Norman Jessl
Commercial Projekt Manager
People
Bharanidharan Rajasekaran
Thermal Systems Engineer

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Funding Insights of Hexagon Purus

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.

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Venture Fund
Institutional
Investor Description Founded Year Domain Location
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Composite pressure cylinders are supplied for mobility and storage uses.
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Investor details for Hexagon Purus

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Investments & Acquisitions by Hexagon Purus

Hexagon Purus has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Wystrach.

Investments
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Investment portfolio details for Hexagon Purus

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Acquisitions
Company Name Description Domain Location Founded Year Amount
Manufacturer of pressure systems for the storage and transport of gases
Locked Locked 2016 Locked
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Complete acquisition details for Hexagon Purus

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Financial Statements - Hexagon Purus

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Detailed financials for Hexagon Purus

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Hexagon Purus Comparisons

Hexagon Purus Primary company
Description
Hydrogen-based batteries and systems for electric vehicles a...
Location
Alesund, Norway
Founded Year
2018
Annual Revenue
$111.12 M (USD)
Net Profit
-$148.82 M (USD)
EBITDA
-$62.03 M (USD)
Employees
848
As of 2024
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Peer comparison for Hexagon Purus

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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.

Company Name Domain Founded year HQ Location Description
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Software-defined electric powertrain systems for micromobility are provided.
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Developer of powertrain system for multi-category vehicles
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Electric powertrain systems with motor technology are developed and manufactured.
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Electronic equipment is designed and developed for powertrain components.
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Powertrain systems for multi-category electric vehicles are developed.
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Detailed competitors of Hexagon Purus

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Latest news on Hexagon Purus

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Complete news archive for Hexagon Purus

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Frequently Asked Questions about Hexagon Purus

Hexagon Purus was founded in 2018 and raised its 1st funding round 4 years after it was founded.

Hexagon Purus is headquartered in Alesund, Norway. It is registered at Alesund, Møre And Romsdal, Norway.

Morten Holum is the current CEO of Hexagon Purus.

As of Dec 31, 2024, the latest employee count at Hexagon Purus is 848.

Annual revenue of Hexagon Purus is $111.12M as on Dec 31, 2025.

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.

Hexagon Purus's top competitors include IRP Systems, Equipmake and Vitesco Technologies.

Hexagon Purus offers Hydrogen Cylinders, Refueling Systems, and Stationary Storage.

Yes, Hexagon Purus is publicly traded on OSL under the ticker symbol HPUR.

Hexagon Purus has made 1 acquisition, including Wystrach.

Hexagon Purus has 7 investors. Key investors include Mitsui & Co, Hexagon Composites, Hy24, Dionysos AS, and Colinas AS.

The ticker symbol of Hexagon Purus is HPUR on OSL.

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