Convion
Financials
Estimates*
| EUR | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|
| Revenues | <1m | <1m | <1m | <1m | <1m | <1m |
| % growth | - | 400 % | - | 2211 % | (16 %) | (17 %) |
| EBITDA | (<1m) | (<1m) | <1m | <1m | <1m | (<1m) |
| % EBITDA margin | (57800 %) | (6760 %) | 642 % | 89 % | 30 % | (79 %) |
| Profit | (<1m) | (<1m) | (1.7m) | (1.9m) | (1.3m) | (1.4m) |
| % profit margin | (79900 %) | (14620 %) | (4858 %) | (232 %) | (182 %) | (245 %) |
| R&D budget | - | <1m | <1m | 2.0m | 2.0m | - |
| R&D % of revenue | - | 400 % | 2222 % | 240 % | 288 % | - |
Source: Dealroom estimates
| Date | Investors | Amount | Round |
|---|---|---|---|
€1.2m | Seed | ||
€50.0k | Grant | ||
€1.2m | Growth Equity non VC | ||
* | €4.0m | Series A | |
* | €72.0m Valuation: €72.0m | Acquisition | |
| Total Funding | $5.8m | ||
Related Content
Recent News about Convion
EditConvion, a Finnish startup, specializes in developing advanced fuel cell systems and electrolysers aimed at decarbonizing energy production. The company focuses on Solid Oxide Fuel Cell (SOFC) technology, which is a type of fuel cell that operates at high temperatures to convert fuel into electricity efficiently. Convion's products are designed for distributed power generation, meaning they can provide electricity on-site where it is needed, rather than relying on centralized power plants.
Convion serves a diverse range of clients, including industrial companies, utility providers, and organizations involved in smart microgrids—localized grids that can operate independently from the traditional power grid. The company operates in the clean energy market, which is rapidly growing as industries and governments worldwide push for sustainable energy solutions to combat climate change.
The business model of Convion revolves around the commercialization of its SOFC systems and electrolysers. These systems are sold to clients who need reliable and clean energy solutions. Convion makes money by selling these high-efficiency power units and through partnerships with other companies and research institutions. For instance, Convion has partnered with VTT and Neste to develop electrofuels—synthetic fuels produced from green hydrogen and captured carbon dioxide.
Convion's commitment to innovation and system integration ensures that its products are not only cutting-edge but also adaptable to future advancements in fuel cell technology. This flexibility is crucial for maintaining a competitive edge in the evolving clean energy market.
In summary, Convion is a key player in the clean energy sector, providing advanced SOFC systems and electrolysers for distributed power generation. The company leverages partnerships and continuous innovation to offer reliable and sustainable energy solutions to a global market.
Keywords: Convion, fuel cells, electrolysers, SOFC, clean energy, distributed power, smart microgrids, hydrogen production, electrofuels, sustainable energy.