What is Hystar?
Hystar specializes in the development and manufacturing of proprietary PEM (Proton Exchange Membrane) electrolyser stacks designed for the efficient production of green hydrogen from water. The company's technology is engineered to offer superior efficiencies, leading to potential cost reductions, enhanced operational performance, and improved safety in green hydrogen generation. This focus positions Hystar at the forefront of the transition towards sustainable energy solutions, addressing the growing global demand for clean hydrogen as a fuel and industrial feedstock.
How much funding has Hystar raised?
Hystar has raised a total of $62M across 2 funding rounds:
Series B
$26M
Series C
$36M
Series B (2023): $26M with participation from Finindus, Mitsubishi Corporation, AP Ventures, and Nippon Steel Trading
Series C (2025): $36M led by The Kinetic Technologies group of companies, AP Ventures, Finindus, Firda voor Volwassenen, ORLEN VC sp. z o.o, Nippon Steel Trading Metals, Stenshagen Invest, Nysnø, and Sintef Venture Iii
Key Investors in Hystar
The Kinetic Technologies group of companies
The Kinetic Technologies group of companies, a semiconductor firm specializing in analog and mixed-signal integrated circuits for power management and signal protection, likely brings expertise in advanced electronics crucial for electrolyser technology.
AP Ventures
AP Ventures is a London-based venture capital firm with a dedicated focus on the hydrogen value chain and decarbonisation technologies, indicating a strategic interest in Hystar's core business and its contribution to sustainable energy.
Finindus
Finindus, a venture capital partner focused on innovative smart and green industrial technologies, provides financial backing and strategic support for companies aiming to advance sustainable manufacturing and Industry 4.0 solutions.
What's next for Hystar?
With a substantial financial runway bolstered by this major enterprise-level investment, Hystar is poised for accelerated growth and market expansion. The strategic capital is expected to fuel advancements in its proprietary PEM stack technology, scale up manufacturing capabilities, and broaden its market reach. This significant backing from a consortium of strategic investors, including those with deep expertise in industrial technologies and sustainable energy, signals strong confidence in Hystar's potential to lead the green hydrogen revolution and contribute significantly to global decarbonization efforts.
See full Hystar company page
