About HTEC
HTEC is a company based in Vancouver (Canada) founded in 2005 was acquired by I Squared Capital in September 2021.. HTEC has raised $15.68 million across 1 funding round from investors including Chart Industries and I Squared Capital. The company has 83 employees as of December 31, 2024. HTEC operates in a competitive market with competitors including NanoSUN, Everfuel, H2 MOBILITY, H2.LIVE and Ryze Hydrogen, among others.
- Headquarter Vancouver, Canada
- Employees 83 as on 31 Dec, 2024
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15.68 M (USD)
in 1 rounds
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Latest Funding Round
$15.68 M (USD), Series B
Dec 15, 2020
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Investors
Chart Industries
& 1 more
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Employee Count
83
as on Dec 31, 2024
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Acquired by
I Squared Capital
(Sep 23, 2021)
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Funding Insights of HTEC
HTEC has successfully raised a total of $15.68M through 1 strategic funding round. The most recent funding activity was a Series B round of $15.68 million completed in December 2020. 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 Total Funding
- Total Rounds 1
- Last Round Series B — $15.7M
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First Round
First Round
(15 Dec 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Series B - HTEC | Valuation | Chart Industries |
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| 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 HTEC
HTEC has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Chart Industries and I Squared Capital. 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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Gas equipment manufacturing, repair, and engineering services are provided.
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Founded Year | Domain | Location | |
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Investments are focused on infrastructure sectors like energy and transport.
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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 HTEC
| 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 |
Financial Statements - HTEC
| 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 |
Htec Comparisons
Competitors of HTEC
HTEC 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 NanoSUN, Everfuel, H2 MOBILITY, H2.LIVE and Ryze Hydrogen, 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 |
Hydrogen storage solutions and refueling equipment are provided.
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| domain | founded_year | HQ Location |
Provider of hydrogen fueling solutions
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| domain | founded_year | HQ Location |
Provider of hydrogen filling station sevrices
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| domain | founded_year | HQ Location |
Online platform for hydrogen refuelling stations
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| domain | founded_year | HQ Location |
Solutions for transport and supply of hydrogen
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Htec
Frequently Asked Questions about HTEC
When was HTEC founded?
HTEC was founded in 2005 and raised its 1st funding round 15 years after it was founded.
Where is HTEC located?
HTEC is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Is HTEC a funded company?
HTEC is a funded company, having raised a total of $15.68M across 1 funding round to date. The company's 1st funding round was a Series B of $15.68M, raised on Dec 15, 2020.
How many employees does HTEC have?
As of Dec 31, 2024, the latest employee count at HTEC is 83.
What does HTEC do?
HTEC was established in 2005 in Vancouver, Canada, within the clean energy sector. Facilities for hydrogen production and distribution are developed and managed to support fueling stations. Operations enable the infrastructure needed for fuel cell electric vehicles. Services encompass sustainable hydrogen solutions across production, distribution, and refueling, with a focus on North American markets.
Who are HTEC's investors?
HTEC has 2 investors. Key investors include Chart Industries, and I Squared Capital.