About QuantaFuel
QuantaFuel is a publicly listed company based in Lysaker (Norway) founded in 2014, and was acquired by Viridor in May 2023. It operates as a developer of technology upgrading plastic waste into valuable, recycled products. QuantaFuel has raised $21.94 million across 3 funding rounds from investors including BASF, European Union and Viridor. The company has 46 employees. Its chief executive is Kjetil Bohn. QuantaFuel offers products and services including Chemical Recycling Technology and Waste Upgrading Services. Its focus areas include Environment Tech, Solid Waste Management Tech, Recycling and Upcycling. Its legal entity is QUANTAFUEL ASA. Its competitors include Allonnia, Lucro, Deluxe Recycling India, MacroCycle and Continuus Material Recovery and 4 more; 6 of its 9 listed competitors have raised funding.
Company details
Founded in 2014 and based in Lysaker, Norway, technology for chemical recycling of plastic waste is developed by QuantaFuel. Operations center on transforming waste into usable products, with efforts directed toward establishing circular value chains. Plants are planned for rollout to support sustainable waste management in the environmental sector, addressing global plastic challenges through practical implementation.
- Headquarters Lysaker, Norway
- Employees 46
- Stage Acquired
- SectorsEnvironment
- Email••••••••
- Website quantafuel.com
- Social LinkedIn Facebook
- Acquired by Viridor (May 2023)
- Legal Name Quantafuel As
- Annual Revenue$9.25 M (USD)468.28as on Dec 31, 2025
- Net Profit-$32.37 M (USD)-771.89as on Dec 31, 2025
- EBITDA-$16.57 M (USD)-631.86as on Dec 31, 2025
- Total Equity Funding$21.94M (USD)
in 3 rounds
- Latest Funding Round$31.76K (USD), Grant
Jan 2022
- InvestorsBASF
& 2 more
- Employee Count46
- Acquired byViridor
(May 2023)
Products & Services of QuantaFuel
QuantaFuel offers a comprehensive portfolio of products and services, including Chemical Recycling Technology and Waste Upgrading Services.
Converts plastic waste into valuable products for sustainable management
Processes low-quality plastic into high-demand recycled materials
Funding Insights of QuantaFuel
QuantaFuel has successfully raised a total of $21.94M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $31.76 thousand completed in January 2022. 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 $21.94M
- Total Rounds 3
- Last Round Grant — $31,756
- First Round $21.94M
(Oct 2019)
- Investors Count 2
All 3 funding rounds of QuantaFuel 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 2022 | $31,756 | Grant | – | – | |
| Oct 2021 | $122,825 | Grant | – | – | |
| Oct 2019 | $21.94M | Series A | – | BASF | – |
3 investors in total: 3 institutional.
Investors in QuantaFuel
QuantaFuel has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include BASF, European Union and Viridor.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Chemicals and related products are produced and marketed globally. | 1865 | basf.com | Florham Park, United States | |
Plastics recycling and energy generation from waste are provided. | 1957 | viridor.co.uk | Taunton, United Kingdom |
Investor details for QuantaFuel
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People of QuantaFuel
8 people are tracked at QuantaFuel (4 in leadership, 4 in team); the tracked headcount is 46.
| Name | Role | Group |
|---|---|---|
Kjetil Bohn | CEO | Leadership |
Lars Rosenløv | CEO | Leadership |
Olav Stadaas | VP Business Development | Leadership |
René Ortiz | Head Of Engineering And Plant Technology | Leadership |
Brede Mordal | Business Development Manager | Team |
Bernt Christian Braaen | Senior Package Responsible Engineer | Team |
Christian Sørensen | Drift Og Vedligehold | Team |
Linnéa Petersson | Research Engineer | Team |
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IPO & Listings of QuantaFuel
QuantaFuel is a publicly listed company on the GETTEX with ticker symbol 49Q in Germany, operating in the Industrial services 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.
- Listed onGETTEX: 49Q
- Listed entityQuantafuel AS
- Exchange sectorIndustrial services
- ISINCA98936T2083
- Share price1.76 EUR (-0.17% on the day) · 2026-05-11
- Market capitalisation107,620,000.00 EUR
- Analyst consensusNo rating
Financials of QuantaFuel
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 7.9M EUR | -27.6M EUR | -14.1M EUR |
| 2024 | 1.4M EUR | -3.2M EUR | -1.9M EUR |
| 2023 | 1.2M EUR | -162,120 EUR | 335,290 EUR |
| 2022 | 2.2M EUR | 10,250 EUR | 308,350 EUR |
| 2021 | 1.6M EUR | -151,640 EUR | 36,700 EUR |
Detailed financial statements for QuantaFuel
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Timeline of QuantaFuel
4 dated milestones of QuantaFuel across 9 years, from founding to its latest funding, stage changes and deals.
- Founded QuantaFuel is founded.
- Funding First funding round of $21.9M.
- Funding Latest funding round, Grant, of $32K.
- Exit Acquired by Viridor.
Competitors of QuantaFuel
QuantaFuel has 9 listed competitors in our database, 6 of them funded. They include Allonnia, Lucro, Deluxe Recycling India, MacroCycle and Continuus Material Recovery, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| allonnia.com | 2019 | Boston, United States | $90.65M | 16 | Plastic waste is upcycled through advanced biology and technology solutions. | |
| lucro.in | 2012 | Mumbai, India | $14.49M | 83 | Post-consumer plastic waste is collected, recycled, and manufactured into products. | |
| ecolinkindia.com | 1999 | Mumbai, India | $278,756 | 93 | Manufacturer of recycled composite boards and related products. It produces sturdy, environmentally friendly alternatives to wood, plywood, and plastic-based panels for various applications including furniture, packaging, roofing, and pallets. The manufacturing process prioritizes zero gas emission, zero water effluent, and zero solid waste. The company's products offer cost reduction and consistent quality for end-users. A commitment to sustainability drives its operations, utilizing recycled materials to create high-quality, reusable products. | |
| macrocycle.tech | 2023 | Cambridge, United States | $6.5M | – | Developer of zero-carbon plastic upcycling technology | |
| continuusmaterials.com | 2014 | Kingwood, United States | $2M | – | Provider of paper and plastic recycling services | |
| polycycl.com | 2016 | Kalka, India | $1.08M | 15 | Patented technology is utilized to recycle waste plastics into feedstocks. | |
| ecosheet.com | 2007 | Glenrothes, United Kingdom | – | – | Durable boards from recycled plastic are produced for construction use. | |
| oceansix.com | 2012 | Berlin, Germany | – | – | Sustainable packaging products are developed from plastic waste. | |
| revalyu.com | 2007 | Kleinostheim, Germany | – | 1 | Multiple solutions for plastic bottle recycling are developed. |
Detailed competitors of QuantaFuel
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Top companies in Waste & Water Management Systems
10 companies that operate in the same segment as QuantaFuel (Waste & Water Management Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Wastewater and energy management services are provided internationally. | 1853 | Aubervilliers, Seine-saint-denis, France | – | USD 52.17 B | 215,040 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Waste collection and management services are provided nationwide. | 1968 | Houston, Texas, United States | – | USD 25.2 B | 61,700 | |
Integrated waste management services are provided nationwide. | 1998 | Phoenix, Arizona, United States | – | USD 16.59 B | 42,000 | |
Provider of smart water purifier rental and maintenance services | 2016 | Bengaluru, Karnataka, India | USD 19.29 M | USD 3.62 M | – | |
Sensor-based sorting and recycling solutions are provided for multiple industries. | 1972 | Asker, Viken, Norway | – | USD 1.53 B | 4,950 | |
Smart water dispensers with flavored options are provided for offices. | 2013 | Boston, Massachusetts, United States | USD 135.53 M | – | 102 | |
Surplus goods are shared among neighbors through a mobile app. | 2015 | London, England, United Kingdom | USD 51.2 M | – | – | |
Water and waste treatment services are provided worldwide. | 1966 | London, England, United Kingdom | – | USD 4.18 B | 9,750 |
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Related news about Quantafuel
Complete news archive for QuantaFuel
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Frequently Asked Questions about QuantaFuel
QuantaFuel was founded in 2014 and raised its 1st funding round 5 years after it was founded.
QuantaFuel is headquartered in Lysaker, Norway.
Kjetil Bohn is the current CEO of QuantaFuel.
QuantaFuel is a funded company, having raised a total of $21.94M across 3 funding rounds to date. The company's 1st funding round was a Series A of $21.94M, raised on Oct 2019.
QuantaFuel has 46 employees.
Annual revenue of QuantaFuel is $9.25M as on Dec 31, 2025.
Founded in 2014 and based in Lysaker, Norway, technology for chemical recycling of plastic waste is developed by QuantaFuel. Operations center on transforming waste into usable products, with efforts directed toward establishing circular value chains. Plants are planned for rollout to support sustainable waste management in the environmental sector, addressing global plastic challenges through practical implementation.
QuantaFuel's top competitors include Lucro, Allonnia and revalyu Resources.
QuantaFuel offers Chemical Recycling Technology and Waste Upgrading Services.
Yes, QuantaFuel is publicly traded on GETTEX under the ticker symbol 49Q.
QuantaFuel has 3 investors. Key investors include BASF, European Union, and Viridor.
QuantaFuel operates through Quantafuel Asa.