Universal Hydrogen Secures Additional $62 Million In Financing To Accelerate First Test Flight Of Hydrogen-Powered Regional Aircraft To 2022
Amount Raised
$62 Million
Round Type
Funding Round
Los AngelesOtherSustainabilityInvestors
Description
Universal Hydrogen Co., the company leading the fight to decarbonize aviation through the adoption of hydrogen as a universal fuel, today announced a funding round yielding $62 million in new capital. New investors in the round include Mitsubishi HC Capital, Tencent, Stratos, GE Aviation, Waltzing Matilda Aviation, Fourth Realm, Hawktail, Marc Benioff’s TIME Ventures, Jeff Wilke, and Spencer Rascoff’s 75 and Sunny Ventures. The company’s prior financing round in April 2021 included Playground Global, Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota Ventures, Sojitz, Future Shape, and Trucks, most of whom also participated in the current round. This brings Universal Hydrogen’s total capital raised to date to $85 million.
Quick answer
Universal Hydrogen raised $62 Million in a Funding Round round, dated October 14, 2021. Investors: Marc Benioff Family Office. Universal Hydrogen is based in Los Angeles, California, United States.
- How much did Universal Hydrogen raise?
- Universal Hydrogen raised $62 Million in a Funding Round round on October 14, 2021.
- Who invested in Universal Hydrogen?
- Marc Benioff Family Office is named as investors in this round.
- 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.
- iSun raised $250K (Pre-Seed) on November 24, 2021.
- Lancium raised $150M (Funding Round) on November 23, 2021.
- Expel, Inc. raised $140M (Series E) on November 18, 2021.
- Grammarly raised $200M (Funding Round) on November 18, 2021.
- Brainnwave raised an undisclosed amount (Funding Round) on November 18, 2021.
- Great Atlantic Resources raised an undisclosed amount (Funding Round) on November 17, 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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Universal 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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