Ballard Motive Solutions

Arcola Energy, now Ballard Motive Solutions, designs, integrates and deploys hydrogen fuel cell systems.

Launch date

May 2010–Dec 2023

Employees

Market cap

Enterprise valuation

CAD55m (Public information from Nov 2021)

Company register number 07257863

London England (HQ)

http://ballardmotivesolutions.com

https://twitter.com/arcolaenergy https://www.linkedin.com/company/ballard-motive-solutions/

Revenues, earnings & profits over time

GBP	2022
Revenues	1.6m
EBITDA	(10.6m)
% EBITDA margin	(647 %)
Profit	(11.0m)
% profit margin	(672 %)

Date	Investors	Amount	Round
-	Unreasonable Group	N/A	-
Mar 2018	Innovate UK	£110k	Grant
Feb 2019	Innovate UK	£1.3m	Grant
2020	N/A	£757k	Grant
Jan 2020	Innovate UK	£760k	Grant
Mar 2021	N/A	£1.5m	Grant
Nov 2021*	Ballard Power Systems	$40.0m Valuation: $40.0m	Acquisition
Total Funding		CAD8.0m

Tech stackLearn more about the technologies and tools that this company uses.