About ULEMCo
ULEMCo is a company based in Liverpool (United Kingdom) founded in 2014 by Paul Turner.. ULEMCo has raised $7.84 million across 7 funding rounds from investors including Gov.uk, Mercia and Scottish Enterprise. The company has 12 employees as of September 30, 2022. ULEMCo offers products and services including H2ICED® and Zero Emission Technology. ULEMCo operates in a competitive market with competitors including pepper motion, ZEVx, KEYOU, Boson Motors and Tembo, among others.
- Headquarter Liverpool, United Kingdom
- Employees 12 as on 30 Sep, 2022
- Founders Paul Turner
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Sectors
Transportation, Automotive & LogisticsEnvironment
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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 Ulemco Ltd
- Date of Incorporation 24 Apr, 2014
- Jurisdiction LIVERPOOL, MERSEYSIDE, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.84 M (USD)
in 7 rounds
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Latest Funding Round
$2.37 M (USD), Debt – Conventional
Nov 03, 2025
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Investors
Gov.uk
& 5 more
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Employee Count
12
as on Sep 30, 2022
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Products & Services of ULEMCo
ULEMCo offers a comprehensive portfolio of products and services, including H2ICED® and Zero Emission Technology. 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 vehicles to use hydrogen for emission reduction.
Develops hydrogen combustion and fuel cell options.
Funding Insights of ULEMCo
ULEMCo has successfully raised a total of $7.84M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $2.37 million completed in November 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 7
- Last Round Debt – Conventional — $2.4M
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First Round
First Round
(04 Jul 2014)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2025 | Amount | Debt – Conventional - ULEMCo | Valuation |
investors |
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| May, 2024 | Amount | Series A - ULEMCo | Valuation | Mercia | |
| May, 2023 | Amount | Grant - ULEMCo | 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 ULEMCo
ULEMCo has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Gov.uk, Mercia and Scottish Enterprise. 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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Angel investment funding is facilitated for early-stage Scottish businesses.
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Founded Year | Domain | Location | |
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Venture debt firm
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Founded Year | Domain | Location | |
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Investment management services are provided by Mercia to various clients.
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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 ULEMCo
| 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 - ULEMCo
| 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 |
Ulemco Comparisons
Competitors of ULEMCo
ULEMCo 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 pepper motion, ZEVx, KEYOU, Boson Motors and Tembo, 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 |
Electric conversion kits for commercial vehicles are provided.
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| domain | founded_year | HQ Location |
Fleet electrification solutions for mid-duty vehicles are provided.
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| domain | founded_year | HQ Location |
Hydrogen-powered conversion kits are developed for commercial vehicles.
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| domain | founded_year | HQ Location |
Smart electric commercial vehicles are manufactured by Boson Motors.
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| domain | founded_year | HQ Location |
Tembo is recognized as a leader in electric utility vehicles.
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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 Ulemco
Frequently Asked Questions about ULEMCo
When was ULEMCo founded?
ULEMCo was founded in 2014.
Where is ULEMCo located?
ULEMCo is headquartered in Liverpool, United Kingdom.
Is ULEMCo a funded company?
ULEMCo is a funded company, having raised a total of $7.84M across 7 funding rounds to date. The company's 1st funding round was a Grant of $4.92M, raised on Jul 04, 2014.
How many employees does ULEMCo have?
As of Sep 30, 2022, the latest employee count at ULEMCo is 12.
What does ULEMCo do?
ULEMCo was founded in 2014 in Liverpool, United Kingdom, within the low-emission vehicle sector. Standard diesel commercial vehicles are converted into dual-fuel hydrogen-diesel models to reduce emissions. Hydrogen refuelling solutions are also developed and provided to support operations. The focus remains on practical adaptations for commercial fleets in the UK market.
Who are the top competitors of ULEMCo?
ULEMCo's top competitors include AddVolt, Tembo and Boson Motors.
What products or services does ULEMCo offer?
ULEMCo offers H2ICED® and Zero Emission Technology.
Who are ULEMCo's investors?
ULEMCo has 6 investors. Key investors include Gov.uk, Mercia, Scottish Enterprise, Equity Gap, and The North West Fund.
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