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Company	ULEMCo
Short Description	Developer of a hydrogen diesel combustion technology used in commercial vehicles
Status	Private
Year Founded	2014
Industry Group	transportation & logistics
Sector	vehicle components
TRL Range	7-8
Country	United Kingdom
Nbr Employees	1-10
Revenue Range	$500k - $2m
Total Equity Capital Raised	$6.802M
Last Stage Capital Raised	Series A round of $5.445M 2024
Investors	350 Investment Partners, Equity Gap, Scottish Enterprise, Mercia Ventures, North West Fund

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ULEMCo

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Short description

Developer of a hydrogen diesel combustion technology used in commercial vehicles

Founded in 2014

Founded in

Company type Private Public ()

Company type

Industry Group transportation & logistics

Sector vehicle components

TRL Range 7-8

TRL 1	Basic research
TRL 2	Technology formulation
TRL 3	Applied research
TRL 4	Small scale prototype
TRL 5	Large scale prototype
TRL 6	Prototype system
TRL 7	Demonstration system
TRL 8	First of a kind commercial system
TRL 9	Full commercial application

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Headquarters United Kingdom Liverpool, United Kingdom

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Updated by at on 05/19/2024

Edited by Cleantech Group on 06/12/2024

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Amanda Lyne

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2 customers
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4 partnerships
(1 confirmed)

4 financing events

8 investors

1 products

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Date		Company
		Can't find a company? Add a company Description 400/400 characters left Related press release or article about this deal Confirm relationship* (Enter the email address of your counterpart at this company so they can confirm your relationship!) Cancel Save
09/01/2017		Grundon Waste Management Grundon Waste Management Confirmed by Grundon Waste Management	Learn more	Delete

Date		Partner	Type
		Can't find a partner? Add one Description 400/400 characters left Related press release or article about this deal Confirm relationship* (Enter the email address of your counterpart at this company so they can confirm your relationship!) Cancel Save
05/26/2021		ENGV ENGV Memorandum of understanding to collaborate on developing a market for hydrogen dual fuel technology in Australia. View source Confirmed by ENGV	Development Partner	Delete

IPO INFORMATION

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Date	Investors	Type	Amount
	Can't find an investor? Add an investor Valuation Description 400/400 characters left Related press release or article about this deal Cancel Save
05/15/2024	Mercia Ventures Mercia Ventures , Equity Gap Equity Gap , North West Fund North West Fund , Scottish Enterprise Scottish Enterprise (4) Post-money valuation of Funding will be used to expand its conversion team and develop new products (source)	Series A	$5,445,000	Delete

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Product image	Name	Product status	Revenue model	Cost metrics
Select Image	Description 400/400 characters left Cancel Save			US$/kW (current) US$/kWh (current) US$/kW (projected) US$/kWh (projected)
	Zero emission hydrogen trucks In development, conversion of large diesel trucks to 100% hydrogen combustion with immeeasurably zero air quality emissions and fully decarbonised	Product Development	Products - Retail	$/kW (current) $/kW (projected) $/kWh (current) $/kWh (projected)	Delete

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Zero emission hydrogen trucks

In development, conversion of large diesel trucks to 100% hydrogen combustion with immeeasurably zero air quality emissions and fully decarbonised

Product Development

Products - Retail

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Developer of a hydrogen diesel combustion technology used in commercial vehicles

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