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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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.
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.
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.
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Angel investment funding is facilitated for early-stage Scottish businesses.
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Venture debt firm
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Investment management services are provided by Mercia to various clients.
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Investor details for ULEMCo
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Investments & Acquisitions by ULEMCo
Investment portfolio details for ULEMCo
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Financial Statements - ULEMCo
Detailed financials for ULEMCo
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Ulemco Comparisons
Peer comparison for ULEMCo
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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.
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Electric conversion kits for commercial vehicles are provided.
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Fleet electrification solutions for mid-duty vehicles are provided.
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Hydrogen-powered conversion kits are developed for commercial vehicles.
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Smart electric commercial vehicles are manufactured by Boson Motors.
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Tembo is recognized as a leader in electric utility vehicles.
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Detailed competitors of ULEMCo
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Latest news on Ulemco
Complete news archive for ULEMCo
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Frequently Asked Questions about ULEMCo
ULEMCo was founded in 2014.
ULEMCo is headquartered in Liverpool, United Kingdom.
ULEMCo is a funded company, having raised a total of $7.84M across 7 funding rounds to date.
As of Sep 30, 2022, the latest employee count at ULEMCo is 12.
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.
ULEMCo's top competitors include AddVolt, Tembo and Boson Motors.
ULEMCo offers H2ICED® and Zero Emission Technology.
ULEMCo has 6 investors. Key investors include Gov.uk, Mercia, Scottish Enterprise, Equity Gap, and The North West Fund.