About Sunfire
Sunfire is a company based in Dresden (Germany) founded in 2010.. Sunfire has raised $693.37 million across 13 funding rounds from investors including GIVA, Société Générale and BNP Paribas. The company has 64 employees as of December 31, 2023. Sunfire has completed 3 acquisitions, including H.C. Starck, IHT Industrie Haute Technologie and New Enerday. Sunfire offers products and services including Sunfire-HyLink AEL and Sunfire-HyLink SOEC. Sunfire operates in a competitive market with competitors including Nel Hydrogen, Orsted, Lhyfe, H3 Dynamics and Electric Hydrogen, among others.
- Headquarter Dresden, Germany
- Employees 64 as on 31 Dec, 2023
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
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- Legal Name Sunfire Se
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$693.37 M (USD)
in 13 rounds
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Latest Funding Round
$206.44 M (USD), Series E
Jan 09, 2025
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Investors
GIVA
& 26 more
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Employee Count
64
as on Dec 31, 2023
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Investments & Acquisitions
H.C. Starck
& 2 more
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Products & Services of Sunfire
Sunfire offers a comprehensive portfolio of products and services, including Sunfire-HyLink AEL and Sunfire-HyLink SOEC. 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.
Pressurized system for reliable industrial hydrogen production.
Efficient solid oxide technology for green hydrogen generation.
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Funding Insights of Sunfire
Sunfire has successfully raised a total of $693.37M across 13 strategic funding rounds. The most recent funding activity was a Series E round of $206.44 million completed in January 2025. 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 13
- Last Round Series E — $206.4M
- First Round First Round
- Investors Count 27
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Series E - Sunfire | Valuation |
investors |
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| Mar, 2024 | Amount | Series E - Sunfire | Valuation | GIVA , Ahren | |
| Mar, 2024 | Amount | Debt – Conventional - Sunfire | 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 Sunfire
Sunfire has secured backing from 27 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include GIVA, Société Générale and BNP Paribas. 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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Finance and advisory services for infrastructure projects are provided.
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Founded Year | Domain | Location | |
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Investment in deep technology and science is facilitated.
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Founded Year | Domain | Location | |
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Investments are directed toward growth-stage companies generating scalable impact.
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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 Sunfire
Sunfire has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include H.C. Starck, IHT Industrie Haute Technologie and New Enerday. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Solid Oxide Fuel Cell developers
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2010 | ||||
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Bio-energy projects are developed by the company in Switzerland.
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2003 | ||||
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Tungsten powders, compounds, and carbides are manufactured for industrial uses.
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1920 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Sunfire
| 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 |
Sunfire Comparisons
Competitors of Sunfire
Sunfire 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 Nel Hydrogen, Orsted, Lhyfe, H3 Dynamics and Electric Hydrogen, 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 |
Provider of hydrogen production and storage solutions
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| domain | founded_year | HQ Location |
Power generation via bioenergy, thermal, and wind sources is offered.
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| domain | founded_year | HQ Location |
Producer and supplier of green hydrogen
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| domain | founded_year | HQ Location |
Aerial inspection services are delivered using automated drones.
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| domain | founded_year | HQ Location |
Solutions for hydrogen generation via electrolysis are provided.
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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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| 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 Sunfire
Frequently Asked Questions about Sunfire
When was Sunfire founded?
Sunfire was founded in 2010 and raised its 1st funding round 2 years after it was founded.
Where is Sunfire located?
Sunfire is headquartered in Dresden, Germany. It is registered at Dresden, Saxony, Germany.
Is Sunfire a funded company?
Sunfire is a funded company, having raised a total of $693.37M across 13 funding rounds to date. The company's 1st funding round was a Series E of $233.28M, raised on Nov 01, 2012.
How many employees does Sunfire have?
As of Dec 31, 2023, the latest employee count at Sunfire is 64.
What does Sunfire do?
Sunfire was founded in 2010 in Dresden, Germany, within the clean energy sector. Pressurized alkaline and solid oxide electrolysis technologies are developed and produced for industrial use. Electrolyzers suited to various applications are supplied, alongside alkaline and solid oxide solutions. Customer support is extended through the product portfolio and associated services, focusing on electrolysis-based operations in Europe.
Who are the top competitors of Sunfire?
Sunfire's top competitors include Lhyfe, Nel Hydrogen and Orsted.
What products or services does Sunfire offer?
Sunfire offers Sunfire-HyLink AEL and Sunfire-HyLink SOEC.
How many acquisitions has Sunfire made?
Sunfire has made 3 acquisitions, including H.C. Starck, IHT Industrie Haute Technologie, and New Enerday.
Who are Sunfire's investors?
Sunfire has 27 investors. Key investors include GIVA, Société Générale, BNP Paribas, Commerzbank, and Neste Jacobs.
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