About P2X Solutions
P2X Solutions is a company based in Espoo (Finland) founded in 2020 by Herkko Plit was acquired by Alpiq in April 2024.. P2X Solutions has raised $25.17 million across 2 funding rounds from investors including Alpiq, Enersense and Lifeline Ventures. P2X Solutions offers products and services including Green Hydrogen, Synthetic Fuels, and Hydrogen Plants. P2X Solutions operates in a competitive market with competitors including Nel Hydrogen, Orsted, Lhyfe, Sunfire and H3 Dynamics, among others.
- Headquarter Espoo, Finland
- Founders Herkko Plit
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Sectors
Energy & UtilitiesTransportation, Automotive & Logistics
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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 P2x Solutions Oy
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Products & Services of P2X Solutions
P2X Solutions offers a comprehensive portfolio of products and services, including Green Hydrogen, Synthetic Fuels, and Hydrogen Plants. 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.
Industrial-scale production of green hydrogen from renewable sources
Production of e-methane, e-methanol, and e-ammonia for clean energy
Turnkey delivery of hydrogen production facilities to clients
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Funding Insights of P2X Solutions
P2X Solutions has successfully raised a total of $25.17M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $22.74 million completed in December 2021. 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 2
- Last Round Series A — $22.7M
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First Round
First Round
(18 May 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2021 | Amount | Series A - P2X Solutions | Valuation | Enersense |
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| May, 2021 | Amount | Seed - P2X Solutions | Valuation | Lifeline Ventures |
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| 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 |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in P2X Solutions
P2X Solutions has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Alpiq, Enersense and Lifeline Ventures. 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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Early-stage venture capital is invested in European startups across sectors.
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Lifecycle services are provided for energy, industrial, and telecom infrastructure.
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Energy trading, asset management, and renewable solutions are provided.
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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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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 P2X Solutions
| 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 - P2X Solutions
| 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 |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
P2x Solutions Comparisons
Competitors of P2X Solutions
P2X Solutions 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 Nel Hydrogen, Orsted, Lhyfe, Sunfire and H3 Dynamics, 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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Provider of hydrogen production and storage solutions
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Power generation via bioenergy, thermal, and wind sources is offered.
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Producer and supplier of green hydrogen
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| domain | founded_year | HQ Location |
Pressurized alkaline and solid oxide electrolysis products are manufactured.
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| domain | founded_year | HQ Location |
Aerial inspection services are delivered using automated drones.
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| domain | founded_year | HQ Location |
Production of e-methanol and sustainable aviation fuel
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
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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| 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 P2x Solutions
Frequently Asked Questions about P2X Solutions
When was P2X Solutions founded?
P2X Solutions was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is P2X Solutions located?
P2X Solutions is headquartered in Espoo, Finland.
Who is the current CEO of P2X Solutions?
Herkko Plit is the current CEO of P2X Solutions. They have also founded this company.
Is P2X Solutions a funded company?
P2X Solutions is a funded company, having raised a total of $25.17M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.43M, raised on May 18, 2021.
What does P2X Solutions do?
P2X Solutions was founded in 2020 and is based in Espoo, Finland. Operations are centered in the renewable energy sector, where industrial-scale production plants for green hydrogen and synthetic fuels such as methane, methanol, and ammonia are developed and managed. Turnkey hydrogen plants are delivered, while fuels are produced and distributed. Expertise is provided in project development and obtaining governmental support for infrastructure initiatives.
Who are the top competitors of P2X Solutions?
P2X Solutions's top competitors include Lhyfe, Nel Hydrogen and Orsted.
What products or services does P2X Solutions offer?
P2X Solutions offers Green Hydrogen, Synthetic Fuels, and Hydrogen Plants.
Who are P2X Solutions's investors?
P2X Solutions has 3 investors. Key investors include Alpiq, Enersense, and Lifeline Ventures.
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