NPROXX

Heerlen, Netherlands Founded: 2018 • Age: 8 yrs Acquired By Cummins
Designs and develops hydrogen pressure vessels and storage containers
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About NPROXX

NPROXX is a company based in Heerlen (Netherlands) founded in 2018 was acquired by Cummins in September 2020.. NPROXX offers products and services including Type 4 Pressure Vessels and Hydrogen Storage Solutions. NPROXX operates in a competitive market with competitors including Cummins, Valeo, UNO Minda, Schaeffler and Faurecia, among others.

  • Headquarter Heerlen, Netherlands
  • Sectors
    Transportation, Automotive & Logistics
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Nproxx B.V.
Operational Areas
Transportation, Automotive & Logistics → Automotive Manufacturing & Engineering
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
    $2.86 M (USD), Grant

    May 29, 2024

  • Investors
    Cummins

    & 2 more

  • Employee Count
    Employee Count
  • Acquired by
    Cummins

    (Sep 04, 2020)

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Products & Services of NPROXX

NPROXX offers a comprehensive portfolio of products and services, including Type 4 Pressure Vessels and Hydrogen Storage Solutions. 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.

Primary

High-pressure vessels for safe hydrogen storage in vehicles.

Systems for stationary and mobile hydrogen applications.

Funding Insights of NPROXX

  • Total Funding
  • Total Rounds 1
  • Last Round Grant — $2.9M
  • First Round

    (29 May 2024)

  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
May, 2024 Amount Grant - NPROXX Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in NPROXX

NPROXX has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Cummins, Bund.de and ETC. 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.

All
Institutional
Investor Description Founded Year Domain Location
Manufacturer of gas-powered construction equipment
Founded Year Domain Location
-
Founded Year Domain Location
Innovative technology solutions are developed for clean energy by ETC.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by NPROXX

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - NPROXX

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Nproxx Comparisons

Employees
+
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Competitors of NPROXX

NPROXX 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 Cummins, Valeo, UNO Minda, Schaeffler and Faurecia, 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
Manufacturer of gas-powered construction equipment
domain founded_year HQ Location
Automotive products and services are supplied globally to automakers.
domain founded_year HQ Location
Manufacturer and supplier of major auto components to OEMs and tier 1 companies
domain founded_year HQ Location
Manufacturer of bearings for the automotive industry
domain founded_year HQ Location
Automotive components and systems are manufactured for vehicles.
domain founded_year HQ Location
Major auto components are manufactured and supplied to OEMs.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Nproxx

Frequently Asked Questions about NPROXX

When was NPROXX founded?

NPROXX was founded in 2018 and raised its 1st funding round 6 years after it was founded.

Where is NPROXX located?

NPROXX is headquartered in Heerlen, Netherlands. It is registered at Heerlen, Limburg, Netherlands.

What does NPROXX do?

NPROXX was established in 2018 in Heerlen, Netherlands, focusing on the clean energy sector. Hydrogen pressure vessels and storage containers are designed and developed by the company to support safe hydrogen transportation and storage. Operations emphasize advanced materials and engineering solutions for industrial applications. The company serves clients in the hydrogen economy, with activities centered in Europe to advance sustainable energy infrastructure.

Who are the top competitors of NPROXX?

NPROXX's top competitors include Cummins, Valeo and UNO Minda.

What products or services does NPROXX offer?

NPROXX offers Type 4 Pressure Vessels and Hydrogen Storage Solutions.

Who are NPROXX's investors?

NPROXX has 3 investors. Key investors include Cummins, Bund.de, and ETC.

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