Universal Hydrogen Raises $62M in Series B

Universal Hydrogen has successfully raised $62M in a Series B at a $290M valuation led by Airbus Ventures, Playground Global, GE Ventures, Toyota Ventures, Fortescue Future Industries.

Company Overview

Universal Hydrogen is a Aviation company headquartered in 2915 Red Hill Avenue, Costa Mesa, CA 92626, founded in 2020 with 120+ employees.

Hydrogen logistics for aviation

Fundraising Details

• Amount Raised: $62M
• Round Type: Series B
• Valuation: $290M
• Date: 2024-06-22
• Investors: Airbus Ventures, Playground Global, GE Ventures, Toyota Ventures, Fortescue Future Industries

About Universal Hydrogen

Hydrogen logistics for aviation The company is positioned in the Aviation sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: 2915 Red Hill Avenue, Costa Mesa, CA 92626
• Founded: 2020
• Team Size: 120+
• Industry: Aviation

What This Means

This funding round demonstrates strong investor confidence in Universal Hydrogen's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Aviation sector continues to attract significant investment as companies innovate to meet evolving market demands. Universal Hydrogen's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $290M valuation marks an important milestone for Universal Hydrogen, positioning the company among notable players in the Aviation industry.

Looking Ahead

With this new capital, Universal Hydrogen is well-positioned to execute on its growth strategy and continue building innovative solutions in the Aviation space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-06-22. For more information about Universal Hydrogen, visit their headquarters at 2915 Red Hill Avenue, Costa Mesa, CA 92626.