Universal Hydrogen Announces $20.5M In Series A Funding To Build And Test Full-Scale Hardware For Hydrogen Commercial Aircraft
Amount Raised
$20.5 Million
Round Type
Series A
Los AngelesOtherSustainabilityDescription
Universal Hydrogen, the company fueling carbon-free flight, today announced its $20.5M Series A financing round led by prominent Silicon Valley venture fund, Playground Global, with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape. Founded in 2020 by aviation industry veterans Paul Eremenko, John-Paul Clarke, Jason Chua, and Jon Gordon, Universal Hydrogen stitches together the end-to-end hydrogen value chain for aviation, both for hydrogen fuel and hydrogen-powered airplanes.
Quick answer
Universal Hydrogen raised $20.5 Million in a Series A round, dated April 22, 2021. Universal Hydrogen is based in Los Angeles, California, United States.
- How much did Universal Hydrogen raise?
- Universal Hydrogen raised $20.5 Million in a Series A round on April 22, 2021.
- What does Universal Hydrogen do?
- Universal Hydrogen is making hydrogen-powered commercial flight a near-term reality.
- Where is Universal Hydrogen based and how big is it?
- Universal Hydrogen is based in Los Angeles, California, United States.
Source: Fundz verified event record.
Who else raised in Sustainability around the same time
Companies in the same sectors as Universal Hydrogen that raised within 45 days of this round, from Fundz verified event records.
- Low Impact Technologies USA, Inc. raised $2.5M (Seed) on June 3, 2021.
- Locus raised $50M (Funding Round) on June 2, 2021.
- Locus raised $50M (Series C) on June 2, 2021.
- JMD raised $22M on May 26, 2021.
- GridX raised $12M (Series B) on May 25, 2021.
- Energy Exploration Technologies raised $7.7M on May 25, 2021.
Who to call at Universal Hydrogen, and when
A new round usually means Universal Hydrogen is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Universal Hydrogen raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Universal Hydrogen, from your own LinkedIn network
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Funding Insights
What this usually meansUniversal Hydrogen raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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