PowerCell Sweden
Financials
Estimates*
SEK | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 66.9m | 104m | 160m | 245m | 310m |
% growth | - | 55 % | 54 % | 53 % | 27 % |
EBITDA | (54.7m) | (46.4m) | (42.5m) | (22.9m) | (21.3m) |
% EBITDA margin | (82 %) | (45 %) | (27 %) | (9 %) | (7 %) |
Profit | 438m | (117m) | (75.1m) | (58.2m) | (63.0m) |
% profit margin | 655 % | (113 %) | (47 %) | (24 %) | (20 %) |
R&D budget | 82.9m | 73.1m | 80.2m | 92.3m | 114m |
R&D % of revenue | 124 % | 71 % | 50 % | 38 % | 37 % |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
SEK200m | - | ||
SEK30.0m | Grant | ||
$8.6m | Early VC | ||
$8.5m | Early VC | ||
N/A | €982k | - | |
N/A | N/A | - | |
Total Funding | $46.0m |
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Recent News about PowerCell Sweden
EditPowerCell is a pioneering company in the field of hydrogen electric fuel cells, dedicated to creating zero-emission power generation solutions. The company serves a diverse range of clients including industrial sectors, transportation, and stationary applications. Operating in the renewable energy market, PowerCell's business model revolves around the development, manufacturing, and sale of fuel cell systems that run on pure or reformed hydrogen. These systems generate electricity and heat without emitting harmful pollutants, contributing to a fossil-free world. PowerCell makes money through the sale of its fuel cell products, as well as through service agreements and partnerships with other companies in the energy sector. The company is known for its innovative approach and commitment to sustainability, ensuring that its technology meets the highest standards of efficiency and environmental responsibility.
Keywords: hydrogen fuel cells, zero-emission, renewable energy, sustainable power, industrial applications, transportation, stationary applications, fossil-free, innovative technology, environmental responsibility.