About Protonex
Protonex is a company based in Southborough (United States) founded in 2000 was acquired by Ballard in June 2015.. Protonex has raised $25.86 million across 9 funding rounds from investors including Parker, Ballard and Solstice Capital. Protonex offers products and services including Batlskin® Helmets, Power & Data Systems, and Nerv Centr® PRODUCT RANGE. Protonex operates in a competitive market with competitors including Plug Power, Intelligent Energy, EH Group Engineering, Ballard and Home Power Solutions, among others.
- Headquarter Southborough, United States
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Sectors
Energy & 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 Protonex Technology Corporation
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Products & Services of Protonex
Protonex offers a comprehensive portfolio of products and services, including Batlskin® Helmets, Power & Data Systems, and Nerv Centr® PRODUCT RANGE. 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.
Customizable helmets for military mission needs.
Intelligent solutions for battlefield power and data.
Integrated products for tactical power and data handling.
Funding Insights of Protonex
Protonex has successfully raised a total of $25.86M across 9 strategic funding rounds. The most recent funding activity was a Series D round of $200 thousand completed in October 2013. 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 9
- Last Round Series D — $200,000
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2013 | Amount | Series D - Protonex | Valuation |
investors |
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| Sep, 2013 | Amount | Series D - Protonex | Valuation |
investors |
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| Mar, 2013 | Amount | Debt – Conventional - Protonex | 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 Protonex
Protonex has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Parker, Ballard and Solstice Capital. 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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Venture capital firm
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Early-stage venture capital is invested in US technology startups.
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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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Founded Year | Domain | Location |
Investments & Acquisitions by Protonex
| 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 - Protonex
| 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 |
Protonex Comparisons
Competitors of Protonex
Protonex 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, EH Group Engineering, Ballard 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 |
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| domain | founded_year | HQ Location |
Hydrogen-based fuel cells are manufactured for power applications.
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PEM fuel cell and CHP power systems developer
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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 |
Manufacturer of hydrogen fuel cells
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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 |
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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 Protonex
Frequently Asked Questions about Protonex
When was Protonex founded?
Protonex was founded in 2000 and raised its 1st funding round 4 years after it was founded.
Where is Protonex located?
Protonex is headquartered in Southborough, United States. It is registered at Southborough, Massachusetts, United States.
Is Protonex a funded company?
Protonex is a funded company, having raised a total of $25.86M across 9 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $2M, raised on Mar 15, 2004.
What does Protonex do?
Founded in 2000 and based in Southborough, United States, Protonex operates in the defense sector. Integrated tactical systems are designed and manufactured, including protective helmet solutions, power and data management tools, and technologies for situational awareness. Operations focus on customizable products for threat mitigation and efficient battlefield support, with testing conducted through a dedicated Warfighter Lab to ensure reliability in demanding environments.
Who are the top competitors of Protonex?
Protonex's top competitors include Plug Power, Intelligent Energy and EH Group Engineering.
What products or services does Protonex offer?
Protonex offers Batlskin® Helmets, Power & Data Systems, and Nerv Centr® PRODUCT RANGE.
Who are Protonex's investors?
Protonex has 9 investors. Key investors include Parker, Ballard, Solstice Capital, In-Q-Tel, and Windsail Capital Group.