About PowerCell
PowerCell is a publicly listed company based in Goteborg (Sweden) founded in 2008. Fuel cells and hydrogen systems are developed for transport sectors. It operates on a Product-as-a-Service and Direct-to-Consumer (D2C) model. 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. PowerCell offers products and services including Marine System 225 and Hydrogen Fuel Cells. Its focus areas include Energy, Renewable Energy and Hydrogen Fuel Cells. Its legal entity is PowerCell Sweden AB.
Company details
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.
- Headquarters Goteborg, Sweden
- Employees 144
- Stage Public
- SectorsEnergy & Utilities
- Phone•••• ••••
- Website powercell.se
- Social LinkedIn
- Legal Name Powercell Sweden Ab
- Annual Revenue$41.8 M (USD)15.16as on Dec 31, 2025
- Net Profit-$3.21 M (USD)37.55as on Dec 31, 2025
- EBITDA-$3.52 M (USD)61.92as on Dec 31, 2025
- Total Equity Funding$35.52M (USD)
in 5 rounds
- Latest Funding Round$1.04M (USD), Grant
Jan 2017
- InvestorsVolvo Group
& 5 more
- Employee Count144
Products & Services of PowerCell
PowerCell offers a comprehensive portfolio of products and services, including Marine System 225 and Hydrogen Fuel Cells.
A compact system delivering 225 kW clean power.
Solutions providing zero-emission hydrogen electric power generation.
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 $35.52M
- Total Rounds 5
- Last Round Grant — $1.04M
- First Round $26.85M
(Jul 2009)
- Investors Count 6
All 5 funding rounds of PowerCell 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 |
|---|---|---|---|---|---|
| Jan 2017 | $1.04M | Grant | – | – | |
| Dec 2016 | $1.35M | Grant | – | – | |
| Oct 2014 | $1.38M | Debt – Conventional | – | – | |
| Oct 2009 | $8.66M | Series A | – | – | |
| Jul 2009 | $26.85M | Private Equity Round | – | Volvo Group |
6 investors in total: 6 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A state-owned venture capital company focused on sustainable investments. | 2016 | fouriertransform.se | Stockholm, Sweden | |
| ocasventures.com | ||||
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
The Swedish Energy Agency was established in 1998 in Eskilstuna. | 1998 | energimyndigheten.se | Eskilstuna, Sweden | |
Brand of commercial vehicles | 1927 | volvogroup.com | Gothenburg, Sweden | |
| midroc.se |
Investor details for PowerCell
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of PowerCell
55 people are tracked at PowerCell (9 in leadership, 46 in team); the tracked headcount is 144.
| Name | Role | Group |
|---|---|---|
Victor Åkerlund | Chief Analytics and Sustainability Officer | Leadership |
Alison Arnold | Chief Marketing Officer & SVP | Leadership |
Peter W. | Senior Vice President COO | Leadership |
Karin Nilsson | Vice President and CFO | Leadership |
Andreas Bodén | Chief Technology Officer & Senior Vice President | Leadership |
Karl Samuelsson | Director Research & Development | Leadership |
Karin Lidén | Chief Financial Officer | Leadership |
Richard Berkling | Chief Executive Officer | Leadership |
Torbjörn Gustafsson | SVP COO | Leadership |
Jie Zhao | Business Manager | Team |
Lukas Hansen | Development Engineer | Team |
Patrik Karlsson | Senior Development Engineer | Team |
Amanda Bäckerås | Master Thesis Project | Team |
Frida Börjesson | Software Engineer | Team |
Stuart Hobson | Process Engineer | Team |
Adam Benson | Development Engineer | Team |
Niclas Nilsson | Fuel Cell System Development Engineer | Team |
Rikard Strannerdahl | Development Engineer | Team |
Eric Olsson | DevOps Engineer | Team |
Björn Einarsson | Mechanical Design Engineer | Team |
35 more people are available in the full profile.
Complete people profiles for PowerCell
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
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.
- IPO date19 Dec 2014
- Listed onNASDAQ OMX: PCELL
- Listed entityPowerCell Sweden AB
- Exchange sectorUtilities
- ISINSE0006425815
- Share price18.33 SEK (+0.05% on the day) · 2026-10-14
- Market capitalisation1,060,589,358.00 SEK
- EPS (diluted, trailing year)-2.19 SEK
- Volume (last session)1,503
Financials of PowerCell
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 385.0M SEK | -29.5M SEK | -32.4M SEK |
| 2024 | 334.3M SEK | -47.3M SEK | -85.2M SEK |
| 2023 | 310.3M SEK | -63.0M SEK | -72.5M SEK |
| 2022 | 244.7M SEK | -58.2M SEK | -58.1M SEK |
| 2021 | 159.8M SEK | -75.1M SEK | -84.3M SEK |
Detailed financial statements for PowerCell
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of PowerCell
4 dated milestones of PowerCell across 9 years, from founding to its latest funding, stage changes and deals.
- Founded PowerCell is founded.
- Funding First funding round of $26.9M.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Grant, of $1.0M.
Web traffic of PowerCell
Websites that share an audience with PowerCell (powercell.se).
Websites whose visitors overlap most with PowerCell. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| martingmbh.de | 100% | 17.6K | #1,301,592 | View details | |
claind.it | claind.it | 56% | #13,366,722 | – |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Powercell
Complete news archive for PowerCell
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about PowerCell
PowerCell was founded in 2008 and raised its 1st funding round 1 year after it was founded.
PowerCell is headquartered in Goteborg, Sweden. It is registered at Goteborg, Vastra Gotaland, Sweden.
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 Private Equity Round of $26.85M, raised on Jul 2009.
PowerCell has 144 employees.
Annual revenue of PowerCell is $41.8M as on Dec 31, 2025.
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.
PowerCell offers Marine System 225 and Hydrogen Fuel Cells.
Yes, PowerCell is publicly traded on OMXSTO under the ticker symbol PCELL.
PowerCell has 6 investors. Key investors include Volvo Group, European Union, Swedish Energy Agency, Saminvest, and OCAS Ventures.
PowerCell operates through Powercell Sweden Ab.