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Hydra Energy is the first company to deliver a hydrogen-converted, heavy-duty truck to a paying customer and the first Hydrogen-as-a-Service™ (HaaS™) provider for commercial fleets looking to reduce emissions and costs today with limited risk and no up-front investment. The company's innovative approach sources low-carbon hydrogen from leading chemical partners and provides clean fuel to fleets at diesel-equivalent (or lower) prices enabling an immediate and affordable transition to cleaner trucking. By quickly converting semi-trucks with Hydra's proprietary hydrogen-diesel, co-combustion injection system in exchange for long-term fuel contracts, fleet operators can reduce emissions and optimize truck performance and fuel efficiency regardless of payload and weather.
Hydra and its partners uniquely deliver real hydrogen now and are committed to making the world run better and greener when it comes to goods' transportation.
Hydra and its partners uniquely deliver real hydrogen now and are committed to making the world run better and greener when it comes to goods' transportation.
Overview
Location
Canada, British Columbia, Delta
Employees
11-50
Total raised
$15.22M
Founded date
2012
Funding Rounds 2
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
| May 27, 2021 | Series A round | $15M |
Mentions in press and media 5
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| May 27, 2021 | Hydra Energy raises $15M to scale green hydrogen fueling infrastructure | Hydra Energy has raised $15 million from Just Business to convert existing heavy-duty trucks to run on green hydrogen. The funding brings Hydra's total raised to date to $22 million. Why it matters: The funding will help drive the developme... |
| May 27, 2021 | Chemtrade Logistics Income Fund : Hydra Energy raises $12 million for hydrogen fueling expansion | The latest financing comes from Emeryville, California-based Just Business, which focuses on sustainable investments and brings Hydra's total funding to 22 million Canadian dollars. Hydrogen, which produces water when it burns, is seen as a... |
| May 27, 2021 | CHEMTRADE LOGISTICS INCOME FUND Chemtrade Logistics Income Fund : Hydra Energy raises $12 million for hydrogen fueling expansion | The latest financing comes from Emeryville, California-based Just Business, which focuses on sustainable investments and brings Hydra's total funding to 22 million Canadian dollars. Hydrogen, which produces water when it burns, is seen as a... |
| May 27, 2021 | Hydra Energy secures $15 million to scale hydrogen fuelling solution for trucking industry | Delta, British Columbia (BC)-based cleantech startup Hydra Energy has raised $15 million CAD ($12 million USD) in Series A financing from San Francisco’s Just Business, an ESG-focused private equity firm, to support the company’s first comm... |
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FAQ about Hydra Energy
When was Hydra Energy founded?
Hydra Energy was founded in 2012.
How much funding has Hydra Energy raised?
Hydra Energy has raised $15.22M in total across 2 funding rounds.
What funding rounds has Hydra Energy raised?
Parsers VC lists 2 funding rounds of Hydra Energy, among them a Series A round of $15M on May 27, 2021.
What has the press written about Hydra Energy?
Parsers VC has collected 5 articles mentioning Hydra Energy, among them “Hydra Energy raises $15M to scale green hydrogen fueling infrastructure” (May 27, 2021) and “Chemtrade Logistics Income Fund : Hydra Energy raises $12 million for hydrogen fueling expansion” (May 27, 2021).
Is Hydra Energy still active?
Yes, Hydra Energy is active; its latest activity on Parsers VC dates from May 27, 2021.