Universal Hydrogen

Energy

Founded: 2015

Last Round Valuation: $243.33MM

Universal Hydrogen, established in 2020, offers a versatile and efficient solution for hydrogen logistics. Their innovative approach involves transporting hydrogen in modular capsules across existing freight networks to airports worldwide. These modules are seamlessly loaded onto aircraft using standard cargo handling equipment. Universal Hydrogen aims to decarbonize aviation, aligning with the goals of the Paris Agreement.

Universal Hydrogen Overview:

Universal Hydrogen is a forward-thinking company founded in 2020 with a mission to decarbonize the aviation industry and help meet the obligations set forth by the Paris Agreement. They have developed a unique and innovative approach to hydrogen logistics that offers a flexible, scalable, and capital-light solution.

The core concept behind Universal Hydrogen's approach is to transport hydrogen in modular capsules over existing freight networks. By utilizing the established infrastructure, the company aims to leverage the existing supply chain and distribution channels to make hydrogen readily available at airports worldwide.

The modular capsules used by Universal Hydrogen are designed to be compatible with the existing cargo handling equipment at airports. This allows for a seamless integration process, as the capsules can be loaded directly onto aircraft without the need for additional specialized equipment or infrastructure modifications.

One of the key advantages of Universal Hydrogen's approach is its focus on green hydrogen production. Green hydrogen is produced through renewable energy sources, such as wind or solar power, ensuring that the entire supply chain is decarbonized. By sourcing hydrogen from green production sites, Universal Hydrogen aims to provide a sustainable and environmentally friendly solution for aviation.

The company's vision is to enable hydrogen-powered flight by making it accessible and practical for airlines. By providing a comprehensive logistics solution, Universal Hydrogen aims to address the challenges associated with hydrogen infrastructure and create a hydrogen ecosystem within the aviation industry.

In addition to their logistical approach, Universal Hydrogen is actively engaged in partnerships and collaborations with key industry stakeholders. They work closely with aircraft manufacturers, airlines, and hydrogen suppliers to foster the adoption of hydrogen as a viable and sustainable fuel source for aviation.

Universal Hydrogen has received notable recognition and support from investors and industry leaders. They have secured funding from prominent venture capital firms and strategic partners who recognize the transformative potential of their innovative hydrogen logistics solution.

By decarbonizing aviation through the use of green hydrogen and a flexible logistics system, Universal Hydrogen aims to play a pivotal role in reducing greenhouse gas emissions from the aviation sector. Their vision aligns with global efforts to combat climate change and create a sustainable future for air travel.

With a strong commitment to innovation and collaboration, Universal Hydrogen is actively driving the development and deployment of hydrogen-powered flight. By addressing the challenges of hydrogen logistics and promoting the adoption of green hydrogen, the company is leading the way towards a more sustainable and decarbonized aviation industry.

Founders:

  • Paul Eremenko JD

  • Jon Gordon

Top Investors:

  • 75 and Sunny Ventures

  • Airbus Ventures

  • Coatue

  • Fortescue Future Industries

  • Fourth Realm

  • Future Shape

  • GE Aviation

  • Global Founders Capital

  • Hawktail

  • Jeff Wilke

  • JetBlue Technology Ventures

  • Mitsubishi HC Capital

  • Playground Global

  • Plug Power

  • Sojitz Corporation

  • Stratos

  • TIME Ventures

  • Tencent

  • Toyota AI Ventures

  • Waltzing Matilda Aviation

Funding History:


Date Share Type Amount Raised Raised to Date Issue Price Post Money Valuation Key Investors
Oct 2021 Series A-4-1 $53.64MM $85.02MM $4.62 $243.33MM Mitsubishi HC Capital, Tencent, Stratos
Oct 2021 Series A-4-2 $7.9MM $31.37MM $4.16 $243.33MM Mitsubishi HC Capital, Tencent, Stratos
Apr 2021 Series A-1 $1.55MM $1.55MM $1.05 $54.03MM Playground Global, Fortescue Future Industries, Coatue
Apr 2021 Series A-2 $1.07MM $1.07MM $1.12 $54.03MM Playground Global, Fortescue Future Industries, Coatue
Apr 2021 Series A $18.5MM $18.5MM $1.31 $54.03MM Playground Global, Fortescue Future Industries, Coatue
Apr 2021 Series A-3 $2.35MM $2.35MM $1.18 $54.03MM Playground Global, Fortescue Future Industries, Coatue

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