Hystar Overview

  • Year Founded
  • 2020

Year Founded

  • Status
  • Private

  • Employees
  • 62

Employees

  • Latest Deal Type
  • Series C

  • Latest Deal Amount
  • $36M

  • Investors
  • 17

Hystar General Information

Description

Developer of polymer electrolyte membrane electrolyzers designed for large-scale green hydrogen production. The company's technology uses a cell design and process architecture that provides the ability to reduce electricity consumption and increase hydrogen output, enabling professionals to tackle various critical energy challenges and has the potential to reduce greenhouse gas emissions.

Contact Information

Website
www.hystar.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • Veritasveien 5
  • 1363 Hovik
  • Norway
Primary Industry
Alternative Energy Equipment
Other Industries
Industrial Supplies and Parts
Vertical(s)
Climate Tech
Corporate Office
  • Veritasveien 5
  • 1363 Hovik
  • Norway

Hystar Timeline

2023202420252026
Financing RoundCaptured Employee CountEstimated Employee Growth

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Hystar Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
7. Later Stage VC (Series C) 13-May-2025 $36M Completed Generating Revenue
6. Grant 28-Oct-2024 Completed Generating Revenue
5. Grant 20-Dec-2023 Completed Generating Revenue
4. Early Stage VC (Series B) 11-Jan-2023 Completed Generating Revenue
3. Grant 13-Mar-2022 Completed Generating Revenue
2. Early Stage VC (Series A) 10-Mar-2021 $7.05M $7.05M Completed Startup
1. Seed Round 01-Jan-2020 Completed Startup
To view Hystar’s complete valuation and funding history, request access »

Hystar Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series B
Ordinary
To view Hystar’s complete cap table history, request access »

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Hystar Patents

  • 15

    Total Documents Applications and Grants

  • Total Patents Families

  • 11

    Granted

  • 3

    Pending

  • Expiring in next 12 mo

Hystar Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
WO-2026139866-A1 Method and system of operating a polymer electrolyte membrane electrolyser with oxygen recirculation Pending 23-Dec-2024
AU-2024336964-A1 A water electrolyser system and method for producing compressed hydrogen Pending 07-Sep-2023
EP-4774431-A1 A water electrolyser system and method for producing compressed hydrogen Pending 07-Sep-2023
WO-2025053761-A1 A water electrolyser system and method for producing compressed hydrogen Inactive 07-Sep-2023
AU-2018297890-A1 A method for producing hydrogen in a pem water electrolyser system, pem water electrolyser cell, stack and system Active 03-Jul-2017 C25B1/02
To view Hystar’s complete patent history, request access »

Hystar Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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Hystar Investors (17)

Investor Name Investor Type Holding Investor Since Participating Rounds
Kinetics Technology Corporation Minority
MOL Switch Corporate Venture Capital Minority
Nippon Steel Trading Corporation Minority
Nysno Climate Investments Venture Capital Minority
Orlen VC Corporate Venture Capital Minority
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Hystar FAQs

  • When was Hystar founded?

    Hystar was founded in 2020.

  • Where is Hystar headquartered?

    Hystar is headquartered in Hovik, Norway.

  • What is the size of Hystar?

    Hystar has 62 total employees.

  • What industry is Hystar in?

    Hystar’s primary industry is Alternative Energy Equipment.

  • Is Hystar a private or public company?

    Hystar is a Private company.

  • What is Hystar’s current revenue?

    The current revenue for Hystar is .

  • How much funding has Hystar raised over time?

    Hystar has raised $69.3M.

  • Who are Hystar’s investors?

    Kinetics Technology, MOL Switch, Nippon Steel Trading, Nysno Climate Investments, and Orlen VC are 5 of 17 investors who have invested in Hystar.

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