Electric Hydrogen

Devens, MA · Founded 2020 · Privately Held (backing)

Developer of an advanced PEM technology designed to build low-cost, high-efficiency, fossil-free hydrogen systems. Electric Hydrogen is based in Devens, MA and was founded in 2020. It has raised $776 million across 4 recorded rounds; the latest was a $381 million later-stage round in Apr 2023.

Last price · $/share
—
Implied valuation
—
Total raised
$776.2M
Last round
Later Stage VC
Apr 2023

Electric Hydrogen key facts

  • Developer of an advanced PEM technology designed to build low-cost, high-efficiency, fossil-free hydrogen systems.
  • It has raised $776.2M across 4 recorded rounds; the latest was Later Stage VC ($380.6M) in Apr 2023.
  • Notable investors include U.S. Department of Energy, Temasek Holdings, Breakthrough Energy, Energy Impact Partners, Fifth Wall — 26 tracked in total.
  • Electric Hydrogen has filed 4 Form Ds with the SEC, most recently Oct 2023 ($750K sold to 3 investors).
  • Status: Privately Held (backing).
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Electric Hydrogen funding rounds

4 rounds
Apr 2023Later Stage VC$380.6MSEC filing▮
Mar 2022Later Stage VC$139.3MSEC filing▮
Mar 2021Early Stage VC$23.9MSEC filing▮
Dec 2020Seed Round$750KSEC filing▮

How much has Electric Hydrogen raised?

Electric Hydrogen has raised $776 million across 4 recorded rounds since 2020. The largest was a $750,000 seed round in Dec 2020; the most recent was a $381 million later-stage round in Apr 2023.

Electric Hydrogen has filed 4 Form Ds with the SEC, most recently in Oct 2023 ($750,000 sold to 3 investors).

Electric Hydrogen investors

26 investors are on record for Electric Hydrogen, including U.S. Department of Energy, Temasek Holdings, Breakthrough Energy and Energy Impact Partners. The later-stage round in Apr 2023 drew 25 investors.

About Electric Hydrogen

Developer of an advanced PEM technology designed to build low-cost, high-efficiency, fossil-free hydrogen systems. The company's low-cost renewable electricity produces clean hydrogen gas for the decarbonization of pollution from industries and eases the dependency on fossil fuels, providing clients with cost-effectively decarbonized gas and reducing massive industrial waste.

Sector
Energy
HQ
Devens, MA, United States
Founded
2020
Employees
353
Website
eh2.com/
Ownership
Privately Held (backing)

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Valuation — not yet priced

Electric Hydrogen doesn't have a valuation on record yet — one is published once a priced round, a reported valuation, fund marks, or secondary prints surface in our sources. The rest of the record below builds toward it.

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