About Nordic Electrofuel
Nordic Electrofuel is a company based in Porsgrunn (Norway) founded in 2015.. The company has 8 employees as of December 31, 2021. Nordic Electrofuel offers products and services including e-SAF and Green Hydrogen Tech. Nordic Electrofuel operates in a competitive market with competitors including Elyse Energy, Metafuels, INERATEC, General Galactic and Synhelion, among others.
- Headquarter Porsgrunn, Norway
- Employees 8 as on 31 Dec, 2021
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Sectors
Aerospace, Defense & MaritimeEnergy & 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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- Legal Name Nordic Electrofuel As
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Annual Revenue
$284.98 K (USD)0as on Dec 31, 2021
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Net Profit
$-2.21 M (USD)-632as on Dec 31, 2021
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EBITDA
$-2.22 M (USD)-628as on Dec 31, 2021
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Latest Funding Round
$44.2 M (USD), Grant
Jan 01, 2024
- Investors
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Employee Count
8
as on Dec 31, 2021
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Products & Services of Nordic Electrofuel
Nordic Electrofuel offers a comprehensive portfolio of products and services, including e-SAF and Green Hydrogen Tech. 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.
Produces synthetic fuel from renewable sources to reduce aviation CO2 emissions.
Generates hydrogen for e-fuel creation to support global net-zero goals.
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Funding Insights of Nordic Electrofuel
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $44.2M
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First Round
First Round
(01 Jan 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2024 | Amount | Grant - Nordic Electrofuel | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Nordic Electrofuel
Nordic Electrofuel has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Nordic Electrofuel
| 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Nordic Electrofuel
| 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Nordic Electrofuel Comparisons
Competitors of Nordic Electrofuel
Nordic Electrofuel 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 Elyse Energy, Metafuels, INERATEC, General Galactic and Synhelion, 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 |
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| domain | founded_year | HQ Location |
Production of e-methanol and sustainable aviation fuel
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Sustainable aviation fuel is provided using aerobrew technology by Metafuels.
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| domain | founded_year | HQ Location |
Provider of chemical reactor technology to converts gases into liquid fuels
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Fuel production solutions from renewable energy sources
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Solar tower systems are developed for concentrated solar power applications.
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Developer of technology to recycle CO2 emissions into carbon-neutral fuels
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 Nordic Electrofuel
Frequently Asked Questions about Nordic Electrofuel
When was Nordic Electrofuel founded?
Nordic Electrofuel was founded in 2015 and raised its 1st funding round 9 years after it was founded.
Where is Nordic Electrofuel located?
Nordic Electrofuel is headquartered in Porsgrunn, Norway. It is registered at Porsgrunn, Vestfold Og Telemark, Norway.
Who is the current CEO of Nordic Electrofuel?
Gunnar Holen is the current CEO of Nordic Electrofuel.
How many employees does Nordic Electrofuel have?
As of Dec 31, 2021, the latest employee count at Nordic Electrofuel is 8.
What is the annual revenue of Nordic Electrofuel?
Annual revenue of Nordic Electrofuel is $284.98K as on Dec 31, 2021.
What does Nordic Electrofuel do?
Nordic Electrofuel was founded in 2015 in Porsgrunn, Norway. Operations focus on the renewable energy sector, where renewable sources are converted into synthetic fuels. Additional fossil replacement products, including naphtha, are manufactured to support sustainable alternatives. The company is led by CEO Gunnar Holen and maintains its domain at nordicelectrofuel.no for industry engagement.
Who are the top competitors of Nordic Electrofuel?
Nordic Electrofuel's top competitors include Elyse Energy, Metafuels and INERATEC.
What products or services does Nordic Electrofuel offer?
Nordic Electrofuel offers e-SAF and Green Hydrogen Tech.
Who are Nordic Electrofuel's investors?
Nordic Electrofuel has 1 investor. Key investors include European Union.
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