United States · Venture startup

Who invested in FirstElement Fuel

2 rounds we have observed, with the 4 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

CleantechEnergy

Raised 11 months ago

Funding summaryUpdated 26 Oct 2026

$24Mraised across 2 rounds since 2019, from 2 sources

Latest round
VentureDec 2025
Biggest round
$24MRound · Apr 2019
Investors
4
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019202020212022202320242025
$24MRound?Venture
First round
Round, $24M
Apr 2019
Biggest round
$24M
Round · Apr 2019
Between rounds
6.7 years
from the last two

The rounds

  1. Dec 2025
    VentureAmount undisclosed2 new

    Source recorded

  2. Apr 2019
    Round$24M2 new

    Reported by FinSMEs

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

MUFG BankInvestment firm1round
Air Liquide VenturesCorporate VC1round
Hy Solutionno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Quick answers about FirstElement Fuel

Who invested in FirstElement Fuel?

FirstElement Fuel's investors include MUFG Bank, California Energy Commission, Air Liquide Ventures and Hy Solution.

How much has FirstElement Fuel raised?

FirstElement Fuel has raised $24M across 2 rounds since 2019. One round did not disclose an amount, so the total is a floor.

When did FirstElement Fuel last raise?

FirstElement Fuel's most recent round was a Venture in Dec 2025.

What was FirstElement Fuel's biggest round?

FirstElement Fuel's largest round on record is $24M (Undisclosed round), in Apr 2019.

Who backed FirstElement Fuel first?

FirstElement Fuel's first round on record, in Apr 2019, was backed by Air Liquide Ventures and Hy Solution.

What stage is FirstElement Fuel at?

FirstElement Fuel's latest named round is a Venture, in Dec 2025.

Where is FirstElement Fuel based?

FirstElement Fuel is based in the United States.

Companies like FirstElement Fuel

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