Tech Company Financing Transactions
Hystar Funding Round
Hystar closed a $26 million Series B funding round on 1/11/2023. Backers included AP Ventures, Mitsubishi Corporation and Finindus.
Transaction Overview
Company Name
Announced On
1/11/2023
Transaction Type
Venture Equity
Amount
$26,000,000
Round
Series B
Investors
AP Ventures (Lead Investor)
Mitsubishi Corporation (Lead Investor)
Proceeds Purpose
The company intends to use the funds to scale up commercial operations of its green hydrogen production plans into new markets.
Company Information
Company Status
Private & Independent
Industry
Advanced Materials
Mailing Address
Veritasveien 5
Høvik, 1363
NO
Høvik, 1363
NO
Phone
Undisclosed
Website
Email Address
Overview
Hystar is an innovative, well financed company that got our start as a spin-off from SINTEF, one of Europe's largest independent research organizations. We're a fast growing, diverse team of passionate people, developing game-changing PEM electrolysers. We develop the world's most efficient PEM electrolysers, making the production of hydrogen from renewable electricity significantly more affordable and thereby, more accessible.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Fredrik Mowill
Chief Technical Officer
Alejandro Barnett
Co-Founder
Magnus Thomassen
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