7 Best Hydrogen Fuel Startups to Watch in 2025

The Definitive Seedtable Ranking of Hydrogen Fuel Startups

We track 71,000+ companies and rank them dynamically using our Seedtable Score – a score that uses quantitative and qualitative data points to signal the momentum behind a company. We then monitor the list manually leveraging our expertise as founders and investors.

There are 7 start-ups with an aggregate funding of $2.8b. The average funding per company in this subset is $402.6m.

Last update to the database: Feb 18, 2025. See changelog.

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Nikola Motor Company logo

Nikola Motor Company

5

Funding Rounds

$2.7b

Money raised

Nikola Motor Company is a Phoenix, Arizona-based automotive company founded in 2014 by Trevor Milton.

Industries:

Automotive industry Hydrogen power Energy storage

Location:

Phoenix, Arizona Salt Lake City United States

Key people:

Intelligent Energy logo

Intelligent Energy

1

Funding Rounds

$21.0m

Money raised

Intelligent Energy is a fuel cell engineering company focused on the development of its fuel cell technologies.

Industries:

Fuel cell Hydrogen power Aerospace

Location:

Loughborough

Key people:

Delair logo

Delair

3

Funding Rounds

$43.0m

Money raised

Delair is a developing and manufacturing drone company.

Industries:

Robotics Machine learning Artificial Intelligence (AI)

Location:

Toulouse

Key people:

AFC Energy logo

AFC Energy

1

Funding Rounds

$20.0m

Money raised

AFC Energy is a provider of alkaline fuel cell systems using hydrogen for electricity production.

Industries:

Sustainability Clean technology Fuel cell

Location:

Cranleigh

Key people:

HSL Technologies logo

HSL Technologies

1

Funding Rounds

$2.2m

Money raised

HSL Technologies is an Aix-en-Provence, France-based company developing hydrogen supply and transportation technologies.

Industries:

Clean technology Hydrogen fuel Energy storage

Location:

Aix-en-Provence
PuriFire Energy logo

PuriFire Energy

$3.6m

Money raised

PuriFire Energy is a sustainable green hydrogen and methanol solutions provider founded by Neel Shah.

Industries:

Manufacturing Hydrogen fuel Sustainable energy

Location:

Cambridge, Cambridgeshire United Kingdom

Key people:

McPhy logo

McPhy

1

Funding Rounds

$16.9m

Money raised

Industries:

Alternative fuel Hydrogen fuel Sustainability

Location:

France Grenoble

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