Top list · Worldwide

Fuel cell startups worldwide

38 fuel cell startups worldwide have raised money in rounds we track. These are the 38 that have raised the most, $1.1B between them, with the United States the most common home.

$1.1Braised by these 38
38on our record in all
United Statesmost common home
Boston Powerraised the most
  1. 1Boston PowerBoston-Power is a leading developer and manufacturer of next-generation lithium-ion battery cells, blocks, modules and systems.

    Boston-Power is a leading developer and manufacturer of next-generation lithium-ion battery cells, blocks, modules and systems.

    Founded 2005Westborough, United States$371Mlast round Feb 2015
  2. 2Intelligent EnergyIntelligent Energy is a clean power systems company offering fuel cell and hydrogen generation technologies.

    Intelligent Energy is a clean power systems company offering fuel cell and hydrogen generation technologies.

    Founded 2001Loughborough, United Kingdom$185Mlast round Feb 2023
  3. 3ClearEdge PowerClearEdge Power was a fuel cell manufacturer founded in 2003, known for its clean and efficient stationary fuel cell energy solutions.

    ClearEdge Power was a fuel cell manufacturer founded in 2003, known for its clean and efficient stationary fuel cell energy solutions.

    Founded 2003Hillsboro, United States$151Mlast round Mar 2014
  4. 4Nikola Motor CompanyNikola Motor Company manufactures heavy-duty commercial battery-electric vehicles, fuel-cell electric vehicles, and energy solutions.

    Nikola Motor Company manufactures heavy-duty commercial battery-electric vehicles, fuel-cell electric vehicles, and energy solutions.

    Founded -Phoenix, United States$100Mlast round Dec 2024
  5. 5Watt Fuel CellWATT Fuel Cell is a privately held American company founded in 2010, based in Mount Pleasant, Pennsylvania.

    WATT Fuel Cell is a privately held American company founded in 2010, based in Mount Pleasant, Pennsylvania.

    Founded 2010Mount Pleasant, United States$82Mlast round Dec 2022
  6. 6Chitose GroupCHITOSE Group is a collective of biotechnology companies focused on advancing the bioeconomy.

    CHITOSE Group is a collective of biotechnology companies focused on advancing the bioeconomy.

    Founded 2005Singapore, Japan$29Mlast round Mar 2025
  7. 7Doosan Mobility InnovationDoosan Mobility Innovation (DMI) is a South Korean company and a subsidiary of the Doosan Group, established in 2016.

    Doosan Mobility Innovation (DMI) is a South Korean company and a subsidiary of the Doosan Group, established in 2016.

    Founded 2018Yongin-si, South Korea$22Mlast round Apr 2022
  8. 8Oorja Fuel CellsOorja Fuel Cells is a global energy company that designs, manufactures, and commercializes Direct Methanol Fuel Cells (DMFC).

    Oorja Fuel Cells is a global energy company that designs, manufactures, and commercializes Direct Methanol Fuel Cells (DMFC).

    Founded 2004Fremont, United States$21Mlast round Feb 2014
  9. 9ChemixChemix has developed and commercialised a heat dissipation and insulation material.

    Chemix has developed and commercialised a heat dissipation and insulation material.

    Founded 1985Japan$20Mlast round Apr 2024
  10. 10BeFC Bioenzymatic Fuel CellsBeFC Bioenzymatic Fuel Cells is a French DeepTech startup founded in 2020, specializing in ultra-thin, flexible, paper-based bioenzymatic fuel cells.

    BeFC Bioenzymatic Fuel Cells is a French DeepTech startup founded in 2020, specializing in ultra-thin, flexible, paper-based bioenzymatic fuel cells.

    Founded 2020Grenoble, France$17Mlast round Jun 2023
  11. 11Rongke HydrogenRongke Hydrogen is a hydrogen fuel cell R&D company, mainly engaged in hydrogen fuel cell research, manufacturing, and sales.

    Rongke Hydrogen is a hydrogen fuel cell R&D company, mainly engaged in hydrogen fuel cell research, manufacturing, and sales.

    Founded 2021China$16Mlast round Nov 2021
  12. 12Dongde IndustryDongde Industry focuses on the development and manufacturing of hydrogen energy equipment, which is widely utilized in fuel cell logistics.

    Dongde Industry focuses on the development and manufacturing of hydrogen energy equipment, which is widely utilized in fuel cell logistics.

    Founded 2017Yantai$14Mlast round May 2023
  13. 13Ballard Power SystemsBallard Power Systems Inc., is a world leader in the development, manufacture, sale and servicing of hydrogen fuel cell power systems.

    Ballard Power Systems Inc., is a world leader in the development, manufacture, sale and servicing of hydrogen fuel cell power systems.

    Founded 1979Burnaby, Canada$13Mlast round Aug 2012
  14. 14DynelectroDynelectro is a Danish deep-tech innovation firm and Original Equipment Manufacturer (OEM) focused on advanced solid oxide electrolysis (SOE) technology for pro

    Dynelectro is a Danish deep-tech innovation firm and Original Equipment Manufacturer (OEM) focused on advanced solid oxide electrolysis (SOE) technology for pro

    Founded 2018Copenhagen, Denmark$12Mlast round Jul 2024
  15. 15Proof EnergyWe are revolutionizing power generation using readily available renewable fuels.

    We are revolutionizing power generation using readily available renewable fuels.

    Founded 2019Fremont, United States$12Mlast round Jul 2022
  16. 16Blue World TechnologiesBlue World Technologies is a developer and manufacturer of high-efficiency methanol fuel cell components and systems.

    Blue World Technologies is a developer and manufacturer of high-efficiency methanol fuel cell components and systems.

    Founded 2018Aalborg, Denmark$12Mlast round Dec 2023
  17. 17TerraLIXTerraLIX aims for the world best technology in air-cooled fuel cell with closed-cathode type Through the design of our own cell separation plate, we can operate

    TerraLIX aims for the world best technology in air-cooled fuel cell with closed-cathode type Through the design of our own cell separation plate, we can operate

    Founded 2019Buan-gun, South Korea$8.9Mlast round Apr 2022
  18. 18VAIREX internationalVAIREX international provides integrated air compressors for the global hydrogen fuel cell and diesel emissions control markets.

    VAIREX international provides integrated air compressors for the global hydrogen fuel cell and diesel emissions control markets.

    Founded 1987Boulder, United Kingdom$7.4Mlast round Sept 2008
  19. 19Steelhead CompositesSteelhead Composites is a provider of hydrogen storage solutions used to allow widespread zero-emission fuel cell electrification.

    Steelhead Composites is a provider of hydrogen storage solutions used to allow widespread zero-emission fuel cell electrification.

    Founded 2012Golden, United States$7.1Mlast round Jun 2026
  20. 20ElcogenElcogen is a European clean energy technology manufacturer founded in 2001, specializing in solid oxide fuel cell (SOFC) and solid oxide electrolyser cell (SOEC

    Elcogen is a European clean energy technology manufacturer founded in 2001, specializing in solid oxide fuel cell (SOFC) and solid oxide electrolyser cell (SOEC

    Founded 2001Joelaehtme, Estonia$6.1Mlast round Jan 2025
  21. 21Teragen EnergyTeragen Energy develops advanced regenerative fuel cells, offering a versatile energy technology platform that generates power and stores energy without combustion.

    Teragen Energy develops advanced regenerative fuel cells, offering a versatile energy technology platform that generates power and stores energy without combustion.

    Founded 2025Southborough, United States$6.0Mlast round Aug 2026
  22. 22Redox Power SystemsRedox is a solid oxide fuel cell company that provides on-demand, clean energy at a price point that competes with traditional power.

    Redox is a solid oxide fuel cell company that provides on-demand, clean energy at a price point that competes with traditional power.

    Founded 2012United States$5.0Mlast round Jun 2014
  23. 23Celadyne TechnologiesCeladyne Technologies is an American energy materials company founded in 2018, focused on advancing hydrogen fuel cell technology for industrial decarbonization.

    Celadyne Technologies is an American energy materials company founded in 2018, focused on advancing hydrogen fuel cell technology for industrial decarbonization.

    Founded -Lemont, United States$4.8Mlast round Sept 2026
  24. 24Fuel Cell Millennium TechnologiesFuel Cell Millennium Technologies designs and manufactures hydrogen fuel cells and hydrogen field parts.

    Fuel Cell Millennium Technologies designs and manufactures hydrogen fuel cells and hydrogen field parts.

    Founded 2020South Korea$4.7Mlast round Jul 2022
  25. 25Hyzon MotorsHyzon Motors is a global supplier of hydrogen fuel-cell powered commercial vehicles.

    Hyzon Motors is a global supplier of hydrogen fuel-cell powered commercial vehicles.

    Founded -Honeoye, United States$4.5Mlast round Jul 2024
  26. 26SAFCellSAFCell develops Proton Cells, a transformative fuel cell or hydrogen generator ideal for Liquid Hydrogen Carriers and the Hydrogen Economy

    SAFCell develops Proton Cells, a transformative fuel cell or hydrogen generator ideal for Liquid Hydrogen Carriers and the Hydrogen Economy

    Founded 2009United States$3.0Mlast round May 2015
  27. 27GenevosGenevos is a French startup founded in 2018, based in Lagord, Nouvelle-Aquitaine.

    Genevos is a French startup founded in 2018, based in Lagord, Nouvelle-Aquitaine.

    Founded 2018Lagord, France$2.7Mlast round Jan 2024
  28. 28Arcola EnergyArcola Energy is a leader in hydrogen and fuel cell integration, specializing in zero-emission solutions for heavy-duty vehicles.

    Arcola Energy is a leader in hydrogen and fuel cell integration, specializing in zero-emission solutions for heavy-duty vehicles.

    Founded 2010London, United Kingdom$2.1Mlast round Mar 2021
  29. 29ReCatalystReCatalyst develops next-generation PEM fuel cell catalysts.

    ReCatalyst develops next-generation PEM fuel cell catalysts.

    Founded 2021Ljubljana, Slovenia$1.9Mlast round Jul 2023
  30. 30Bead OriginBead Origin is a manufacturer of lab reagents and fuel cell catalyst products.

    Bead Origin is a manufacturer of lab reagents and fuel cell catalyst products.

    Founded 2019South Korea$1.5Mlast round May 2024
  31. 31RiversimpleRiversimple is a UK-based car manufacturer located in Llandrindod Wells, Wales.

    Riversimple is a UK-based car manufacturer located in Llandrindod Wells, Wales.

    Founded 2015Llandrindod Wells, United Kingdom$1.0Mlast round Jan 2023
  32. 32Genoverde BiosciencesGenoverde Biosciences develops cell wall technology to improve lignocellulosic energy crops and produce liquid fuels from plant sugars.

    Genoverde Biosciences develops cell wall technology to improve lignocellulosic energy crops and produce liquid fuels from plant sugars.

    Founded 2015Raleigh$954Klast round Sept 2018
  33. 33Carbon CellCarbon Cell is a materials innovation company based in London, established in 2022.

    Carbon Cell is a materials innovation company based in London, established in 2022.

    Founded 2022London, United Kingdom$661Klast round Oct 2025
  34. 34CGONCGON develop and manufacture on demand Hydrogen fuel cells for the Automotive, Fleet and Haulage industry.

    CGON develop and manufacture on demand Hydrogen fuel cells for the Automotive, Fleet and Haulage industry.

    Founded 2013Exeter, United Kingdom$539Klast round Oct 2015
  35. 35WattAnyWhereWattAnyWhere is a French-Swiss cleantech startup founded in 2021.

    WattAnyWhere is a French-Swiss cleantech startup founded in 2021.

    Founded 2021Sion, Switzerland$445Klast round Mar 2026
  36. 36Vega Energy SystemsVega Energy Systems is a clean energy startup focused on carbon nanotube electrodes for PEM fuel cell technology and more.

    Vega Energy Systems is a clean energy startup focused on carbon nanotube electrodes for PEM fuel cell technology and more.

    Founded 2014United States$175Klast round May 2015
  37. 37KRAFTWERKKraftwerk is a renewable energy company that develops fuel cells for the powertrain of a wide range of applications.

    Kraftwerk is a renewable energy company that develops fuel cells for the powertrain of a wide range of applications.

    Founded 2016Sacramento, Germany$40Klast round Jan 2019
  38. 38Urban Renewable H2URH2 is a Renewable Energy Integrator specializing in landfill gas to energy and low-pressure hydride fuel cell technology.

    URH2 is a Renewable Energy Integrator specializing in landfill gas to energy and low-pressure hydride fuel cell technology.

    Founded 2014United States$15Klast round May 2014
Total fundinghow the list is ranked
15 November 2026updated nightly
Rounds we tracksource: Millionrounds

Companies whose own description names this theme, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.

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