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Company	UltraCell
Short Description	Developer of micro fuel cell systems for portable devices based on reformed methanol fuel cell technology
Status	Acquired
Year Founded	2002
Industry Group	energy & power
Sector	fuel cells
TRL Range	9
Country	United States
Nbr Employees	101-250
Revenue Range
Total Equity Capital Raised	$32.1M
Last Stage Capital Raised	Growth Equity round of $3.8M 2009
Investors	Espirito Santo Ventures, Miami Valley Venture Fund, Arsenal Venture Partners, BASF Venture Capital, Sevin Rosen Funds, BankInvest Group, Star Ventures, Armilar Venture Partners

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UltraCell

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Developer of micro fuel cell systems for portable devices based on reformed methanol fuel cell technology

Founded in 2002

Founded in

Company type Acquired Public ()

Company type

Industry Group energy & power

Sector fuel cells

TRL Range 9

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 Livermore, CA Livermore, United States

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Updated by Cleantech Group on 06/15/2023

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Ian Kaye

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3 partnerships
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6 financing events

16 investors

1 products

1 M&A items

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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
07/19/2013		Eylex Pty Ltd Eylex Pty Ltd Eylex Pty Ltd are UltraCell's Australian and New Zealand customers Confirmed by Eylex Pty Ltd	Learn more	Delete

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07/19/2013

Eylex Pty Ltd Eylex Pty Ltd

Eylex Pty Ltd are UltraCell's Australian and New Zealand customers

Confirmed by Eylex Pty Ltd

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	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
06/15/2015	SAFCell SAFCell SAFCell and UltraCell announce they have signed a worldwide licensing agreement that gives SAFCell broad access to UltraCell’s knowledge in developing and manufacturing rugged remote area power systems. View source Confirmed by SAFCell	Channel Partner	Delete

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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
05/26/2009	Espirito Santo Ventures Espirito Santo Ventures , Miami Valley Venture Fund Miami Valley Venture Fund , Arsenal Venture Partners Arsenal Venture Partners , BASF Venture Capital BASF Venture Capital (4) Post-money valuation of (source)	Growth Equity	$3,800,000	Delete

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Select Image	Description 400/400 characters left Cancel Save			US$/kW (current) US$/kWh (current) US$/kW (projected) US$/kWh (projected)
	Micro Fuel Cell Systems Compact, portable fuel cells based on RMFC technology that can be used in military operations and remote communications	Wide Commercial Availability	Products - Wholesale	$/kW (current) $/kW (projected) $/kWh (current) $/kWh (projected)	Delete

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Micro Fuel Cell Systems

Compact, portable fuel cells based on RMFC technology that can be used in military operations and remote communications

Wide Commercial Availability

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Developer of micro fuel cell systems for portable devices based on reformed methanol fuel cell technology

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