About Ultracell
Ultracell is an Energy & Utilities company based in Livermore (United States) founded in 2002, and was acquired by Advent in February 2021. Reformed methanol micro fuel cells are developed for military use. Ultracell has raised $33.14 million across 10 funding rounds from investors including BASF, Advent Technologies and Armilar Venture Partners. The company has 34 employees. Its chief executive, as recorded, is Jim Kaschmitter. Its focus areas include Energy Tech, Energy Storage Tech, Fuel Cell and Direct Methanol. Its legal entity is ULTRACELL LLC. Its competitors include Plug Power, Bloom Energy and FuelCell Energy; 1 of its 3 listed competitors has raised funding.
Company details
UltraCell Corporation was founded in 2002 and is based in Livermore, United States. Reformed Methanol Micro Fuel Cells (RMFC) are developed by the company within the clean energy sector, focusing on high-power applications. Military specification qualification testing and field trials are supported through these operations. Products are marketed under the XX55 brand, with additional fuel cell accessories provided to meet sector needs.
- Headquarters Livermore, United States
- Employees 34
- Stage Acquired
- SectorsEnergy & Utilities
- Website ultracell-llc.com
- Social LinkedIn
- Acquired by Advent (Feb 2021)
- Legal Name Ultracell Llc
Funding Insights of Ultracell
Ultracell has successfully raised a total of $33.14M across 10 strategic funding rounds. The most recent funding activity was a Series C round of $750 thousand completed in April 2010. 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 $33.14M
- Total Rounds 10
- Last Round Series C — $750,000
- First Round $155,557
(Nov 2003)
- Investors Count 5
All 10 funding rounds of Ultracell 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 |
|---|---|---|---|---|---|
| Apr 2010 | $750,000 | Series C | – | – | – |
| Dec 2009 | $4.26M | Grant | – | – | |
| May 2009 | $3.8M | Series C | – | BASF, Armilar Venture Partners | – |
| Oct 2008 | $1M | Series C | – | – | – |
| Sep 2008 | $822,512 | Grant | – | – | |
| Jan 2007 | $10.28M | Series C | – | – | |
| Jun 2005 | $12M | Series B | – | – | – |
| Mar 2004 | $4.65M | Series A | – | – | – |
| Mar 2004 | $500,000 | Seed | – | – | – |
| Nov 2003 | $155,557 | Seed | – | – | – |
6 investors in total: 6 institutional.
Investors in Ultracell
Ultracell has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include BASF, Advent Technologies and Armilar Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Armilar Venture Partners is focused on early-stage tech investments. | armilar.com | Lisboa, Portugal | ||
| armyvci.org | ||||
Chemicals and related products are produced and marketed globally. | 1865 | basf.com | Florham Park, United States | |
Scientific and technical information is managed and disseminated by OSTI.GOV. | osti.gov | Oak Ridge, United States | ||
Administers health care and support for military personnel and operations. | health.mil | Falls Church, United States | ||
Advent Technologies is engaged in developing fuel cell technology. | 2006 | advent.energy | Boston, United States |
Investor details for Ultracell
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Ultracell
1 people are tracked at Ultracell (1 in leadership); the tracked headcount is 34.
| Name | Role | Group |
|---|---|---|
Jim Kaschmitter | CEO | Leadership |
Complete people profiles for Ultracell
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of Ultracell
4 dated milestones of Ultracell across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Ultracell is founded.
- Funding First funding round of $156K.
- Funding Latest funding round, Series C, of $750K.
- Exit Acquired by Advent.
Competitors of Ultracell
Ultracell has 3 listed competitors in our database, 1 of them funded. They include Plug Power, Bloom Energy and FuelCell Energy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| plugpower.com | 1997 | United States | 2,449 | Hydrogen-based fuel cells are manufactured for power applications. | ||
| bloomenergy.com | 2001 | United States | $973.4M | 376 | Provider of solid oxide fuel cell technology | |
| fuelcellenergy.com | 1969 | United States | 591 | Online platform offering fuel cell-based solutions |
Detailed competitors of Ultracell
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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- Competitive positioning
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Top companies in Energy Storage Systems
3 companies that operate in the same segment as Ultracell (Energy Storage Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | 902 |
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Frequently Asked Questions about Ultracell
Ultracell was founded in 2002 and raised its 1st funding round 1 year after it was founded.
Ultracell is headquartered in Livermore, United States. It is registered at Livermore, California, United States.
Jim Kaschmitter is the CEO of Ultracell, as recorded in our data.
Ultracell is a funded company, having raised a total of $33.14M across 10 funding rounds to date. The company's 1st funding round was a Seed of $155.56K, raised on Nov 2003.
Ultracell has 34 employees.
UltraCell Corporation was founded in 2002 and is based in Livermore, United States. Reformed Methanol Micro Fuel Cells (RMFC) are developed by the company within the clean energy sector, focusing on high-power applications. Military specification qualification testing and field trials are supported through these operations. Products are marketed under the XX55 brand, with additional fuel cell accessories provided to meet sector needs.
Ultracell's top competitors include Bloom Energy, Plug Power and FuelCell Energy.
Ultracell has 6 investors. Key investors include BASF, Advent Technologies, Armilar Venture Partners, Army Venture Capital Initiative, and OSTI.GOV.
Ultracell operates through Ultracell Llc.
Yes. Ultracell was acquired by Advent in February 2021.