About HyPoint
HyPoint is an Energy & Utilities company based in Menlo Park (United States) founded in 2016 by John Vogel, Brian Benicewicz, Alexey Ivanenko, and Rhonda Staudt, and was acquired by ZeroAvia in October 2022. It operates in the Energy & Utilities and Aerospace, Defense & Maritime sectors. HyPoint has raised $1 million across 2 funding rounds from investors including ZeroAvia. Its chief executive, as recorded, is Evgeniy Grankin. Its focus areas include Energy Tech, Energy Storage Tech, Fuel Cell and Proton Exchange Membrane (PEM). Its legal entity is HYPOINT INC. Its competitors include Plug Power and Ballard.
Company details
Hydrogen fuel cell system. It develops high-performance air-cooled hydrogen fuel cell systems for aviation, aeronautics, and urban air mobility. The cooling hydrogen fuel cells provides aircraft makers with a viable hydrogen power option.
- Headquarters Menlo Park, United States
- Founders John Vogel, Brian Benicewicz, Alexey Ivanenko, Rhonda Staudt
- Stage Acquired
- SectorsEnergy & UtilitiesAerospace, Defense & Maritime
- Email••••••••
- Phone•••• ••••
- Website hypoint.com
- Social LinkedIn Facebook
- Acquired by ZeroAvia (Oct 2022)
- Legal Name Hypoint Inc.
Funding Insights of HyPoint
HyPoint has successfully raised a total of $1M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $600 thousand completed in March 2022. 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 $1M
- Total Rounds 2
- Last Round Seed — $600,000
- First Round $400,000
(Feb 2022)
All 2 funding rounds of HyPoint 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 |
|---|---|---|---|---|---|
| Mar 2022 | $600,000 | Seed | – | – | – |
| Feb 2022 | $400,000 | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in HyPoint
HyPoint has secured backing from 1 investor. Prominent investors backing the company include ZeroAvia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Hydrogen fuel cell-powered aviation powertrains are manufactured for emission reduction. | 2017 | zeroavia.com | San Carlos, United States |
Investor details for HyPoint
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People of HyPoint
5 people are tracked at HyPoint (5 in leadership).
| Name | Role | Group |
|---|---|---|
John Vogel | Co-Founder | Leadership |
Brian Benicewicz | Co-Founder | Leadership |
Alexey Ivanenko | Founder | Leadership |
Rhonda Staudt | Co-Founder | Leadership |
Evgeniy Grankin | CEO | Leadership |
Complete people profiles for HyPoint
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of HyPoint
4 dated milestones of HyPoint across 6 years, from founding to its latest funding, stage changes and deals.
- Founded HyPoint is founded.
- Funding First funding round of $400K.
- Funding Latest funding round, Seed, of $600K.
- Exit Acquired by ZeroAvia.
Competitors of HyPoint
HyPoint has 2 listed competitors in our database. They include Plug Power and Ballard.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| plugpower.com | 1997 | United States | 2,449 | Hydrogen-based fuel cells are manufactured for power applications. | ||
| ballard.com | 1979 | United States | Manufacturer of hydrogen fuel cells |
Detailed competitors of HyPoint
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Top companies in Energy Storage Systems
3 companies that operate in the same segment as HyPoint (Energy Storage Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | 902 |
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Related news about Hypoint
Complete news archive for HyPoint
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Frequently Asked Questions about HyPoint
HyPoint was founded in 2016 and raised its 1st funding round 6 years after it was founded.
HyPoint is headquartered in Menlo Park, United States. It is registered at Menlo Park, California, United States.
Evgeniy Grankin is the CEO of HyPoint, as recorded in our data.
HyPoint is a funded company, having raised a total of $1M across 2 funding rounds to date. The company's 1st funding round was a Seed of $400K, raised on Feb 2022.
Hydrogen fuel cell system. It develops high-performance air-cooled hydrogen fuel cell systems for aviation, aeronautics, and urban air mobility. The cooling hydrogen fuel cells provides aircraft makers with a viable hydrogen power option.
HyPoint's top competitors include Plug Power and Ballard.
HyPoint has 1 investor. Key investors include ZeroAvia.
HyPoint operates through Hypoint Inc..
Yes. HyPoint was acquired by ZeroAvia in October 2022.