About PowerCell
PowerCell is a company based in Goteborg (Sweden) founded in 2008. It operates as a Product-as-a-Service, and Direct-to-Consumer (D2C). PowerCell has raised $35.52 million across 5 funding rounds from investors including Volvo Group, European Union and Swedish Energy Agency. The company has 144 employees as of December 31, 2024. PowerCell offers products and services including Marine System 225 and Hydrogen Fuel Cells. PowerCell operates in a competitive market with competitors including Plug Power, Intelligent Energy, Ballard, EH Group Engineering and Home Power Solutions, among others.
- Headquarter Goteborg, Sweden
- Employees 144 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Powercell Sweden Ab
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Annual Revenue
$41.8 M (USD)15.16as on Dec 31, 2025
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Net Profit
$-3.21 M (USD)37.55as on Dec 31, 2025
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EBITDA
$-7.72 M (USD)-17.58as on Dec 31, 2024
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Total Equity Funding
$35.52 M (USD)
in 5 rounds
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Latest Funding Round
$1.04 M (USD), Grant
Jan 17, 2017
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Investors
Volvo Group
& 5 more
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Employee Count
144
as on Dec 31, 2024
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IPO & Listings of PowerCell
PowerCell is a publicly listed company on the OMXSTO with ticker symbol PCELL in Sweden, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of PowerCell
PowerCell offers a comprehensive portfolio of products and services, including Marine System 225 and Hydrogen Fuel Cells. 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.
A compact system delivering 225 kW clean power.
Solutions providing zero-emission hydrogen electric power generation.
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Funding Insights of PowerCell
PowerCell has successfully raised a total of $35.52M across 5 strategic funding rounds. The most recent funding activity was a Grant round of $1.04 million completed in January 2017. 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 5
- Last Round Grant — $1.0M
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First Round
First Round
(02 Jul 2009)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2017 | Amount | Grant - PowerCell | Valuation |
investors |
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| Dec, 2016 | Amount | Grant - PowerCell | Valuation |
investors |
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| Oct, 2014 | Amount | Debt – Conventional - PowerCell | Valuation |
investors |
| 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 PowerCell
PowerCell has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Volvo Group, European Union and Swedish Energy Agency. 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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A state-owned venture capital company focused on sustainable investments.
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Founded Year | Domain | Location | |
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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 |
| 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 PowerCell
| 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 - PowerCell
| 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 |
Powercell Comparisons
Competitors of PowerCell
PowerCell 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 Plug Power, Intelligent Energy, Ballard, EH Group Engineering and Home Power Solutions, 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-based fuel cells are manufactured for power applications.
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| domain | founded_year | HQ Location |
PEM fuel cell and CHP power systems developer
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| domain | founded_year | HQ Location |
Manufacturer of hydrogen fuel cells
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| domain | founded_year | HQ Location |
Low-temperature solid oxide fuel cells are produced for CHP systems.
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| domain | founded_year | HQ Location |
Integrated energy storage system for power and heating applications
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| domain | founded_year | HQ Location |
Hydrogen-based fuel cells are developed using printed circuit board technology.
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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 Powercell
Frequently Asked Questions about PowerCell
When was PowerCell founded?
PowerCell was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is PowerCell located?
PowerCell is headquartered in Goteborg, Sweden. It is registered at Goteborg, Vastra Gotaland, Sweden.
Is PowerCell a funded company?
PowerCell is a funded company, having raised a total of $35.52M across 5 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $1.38M, raised on Jul 02, 2009.
How many employees does PowerCell have?
As of Dec 31, 2024, the latest employee count at PowerCell is 144.
What is the annual revenue of PowerCell?
Annual revenue of PowerCell is $41.8M as on Dec 31, 2025.
What does PowerCell do?
PowerCell is focused on providing hydrogen fuel cell technology for various sectors including aviation, marine, off-road, on-road, rail, and power generation. Solutions are designed to deliver zero-emission electric power, supporting the transition to renewable energy. Systems like Marine System 225 are tailored for scalability and specific industry needs. Operations span across multiple global locations, ensuring accessibility and collaboration with customers to achieve fossil-free energy goals.
Who are the top competitors of PowerCell?
PowerCell's top competitors include Plug Power, Intelligent Energy and EH Group Engineering.
What products or services does PowerCell offer?
PowerCell offers Marine System 225 and Hydrogen Fuel Cells.
Is PowerCell publicly traded?
Yes, PowerCell is publicly traded on OMXSTO under the ticker symbol PCELL.
Who are PowerCell's investors?
PowerCell has 6 investors. Key investors include Volvo Group, European Union, Swedish Energy Agency, Saminvest, and OCAS Ventures.
What is PowerCell's ticker symbol?
The ticker symbol of PowerCell is PCELL on OMXSTO.