About QuantaFuel
QuantaFuel is a company based in Lysaker (Norway) founded in 2014 was acquired by Viridor in May 2023.. QuantaFuel has raised $21.94 million across 3 funding rounds from investors including BASF, European Union and Viridor. The company has 46 employees as of December 31, 2024. QuantaFuel offers products and services including Chemical Recycling Technology and Waste Upgrading Services. QuantaFuel operates in a competitive market with competitors including Allonnia, Lucro, Deluxe Recycling India, MacroCycle and Continuus Material Recovery, among others.
- Headquarter Lysaker, Norway
- Employees 46 as on 31 Dec, 2024
-
Sectors
Environment
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Quantafuel Asa
-
Annual Revenue
$1.6 M (USD)-54as on Dec 31, 2024
-
Net Profit
$-72.33 M (USD)-263as on Dec 31, 2024
-
EBITDA
$-132.1 M (USD)-446as on Dec 31, 2024
-
Total Equity Funding
$21.94 M (USD)
in 3 rounds
-
Latest Funding Round
$31.76 K (USD), Grant
Jan 01, 2022
-
Investors
BASF
& 2 more
-
Employee Count
46
as on Dec 31, 2024
-
Acquired by
Viridor
(May 01, 2023)
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
Products & Services of QuantaFuel
QuantaFuel offers a comprehensive portfolio of products and services, including Chemical Recycling Technology and Waste Upgrading Services. 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.
Converts plastic waste into valuable products for sustainable management
Processes low-quality plastic into high-demand recycled materials
Unlock access to complete
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 Total Funding
- Total Rounds 3
- Last Round Grant — $31,756
-
First Round
First Round
(08 Oct 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Grant - QuantaFuel | Valuation |
investors |
|
| Oct, 2021 | Amount | Grant - QuantaFuel | Valuation |
investors |
|
| Oct, 2019 | Amount | Series A - QuantaFuel | Valuation | BASF |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in QuantaFuel
QuantaFuel has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include BASF, European Union and Viridor. 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 |
|---|---|---|---|---|
|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
|
Founded Year | Domain | Location | |
|
Chemicals and related products are produced and marketed globally.
|
Founded Year | Domain | Location | |
|
Plastics recycling and energy generation from waste are provided.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by QuantaFuel
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - QuantaFuel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Quantafuel Comparisons
Competitors of QuantaFuel
QuantaFuel 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 Allonnia, Lucro, Deluxe Recycling India, MacroCycle and Continuus Material Recovery, 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 |
Plastic waste is upcycled through advanced biology and technology solutions.
|
|
| domain | founded_year | HQ Location |
Post-consumer plastic waste is collected, recycled, and manufactured into products.
|
|
| domain | founded_year | HQ Location |
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.
|
|
| domain | founded_year | HQ Location |
Developer of zero-carbon plastic upcycling technology
|
|
| domain | founded_year | HQ Location |
Provider of paper and plastic recycling services
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Quantafuel
Frequently Asked Questions about QuantaFuel
When was QuantaFuel founded?
QuantaFuel was founded in 2014 and raised its 1st funding round 5 years after it was founded.
Where is QuantaFuel located?
QuantaFuel is headquartered in Lysaker, Norway.
Who is the current CEO of QuantaFuel?
Kjetil Bohn is the current CEO of QuantaFuel.
Is QuantaFuel a funded company?
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 08, 2019.
How many employees does QuantaFuel have?
As of Dec 31, 2024, the latest employee count at QuantaFuel is 46.
What is the annual revenue of QuantaFuel?
Annual revenue of QuantaFuel is $1.6M as on Dec 31, 2024.
What does QuantaFuel do?
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.
Who are the top competitors of QuantaFuel?
QuantaFuel's top competitors include Lucro, Allonnia and revalyu Resources.
What products or services does QuantaFuel offer?
QuantaFuel offers Chemical Recycling Technology and Waste Upgrading Services.
Who are QuantaFuel's investors?
QuantaFuel has 3 investors. Key investors include BASF, European Union, and Viridor.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.