Who are HyStar AS's investors?

HyStar AS's investors include AP Ventures, Firda, MOL Switch, SINTEF TTO AS, Finindus, Hillhouse Investment, Nysnø Climate Investments, ORLEN VC and 1 more.

How much funding has HyStar AS raised?

HyStar AS has disclosed $26M raised across 1 of its 4 known rounds.

Where is HyStar AS headquartered?

HyStar AS is headquartered in Høvik, NO.

HyStar AS

Høvik, NO · Founded 2021 · 66 employees on LinkedIn · 14 known investors

Find your way into HyStar AS

Paths you didn't know you had: your email and LinkedIn already hold routes to the HyStar AS team. We find them for you
2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone

Days of research, done the moment you sign in, with every route ranked by how warm it is.

Hystar is a Norwegian cleantech company that develops and manufactures high-efficiency PEM (Proton Exchange Membrane) electrolysers, which use renewable electricity and water to produce green hydrogen. It serves project developers, industrial operators and energy companies in hard-to-electrify sectors such as heavy industry, maritime transport, aviation fuels and fertiliser production.

Cleantech Energy Hardware

Investors · 14

AP Ventureslisted by AP VenturesLondon

How we know: AP Ventures's portfolio page · funding news · hystar.com · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Firdalisted by FirdaOslo

How we know: funding news · hystar.com · Not right? Tell us

MOL Switchlisted by MOL SwitchPalo Alto

How we know: MOL Switch's portfolio page · hystar.com · Not right? Tell us

SINTEF TTO ASlisted by SINTEF TTO ASTrondheim

How we know: SINTEF TTO AS's portfolio page · Not right? Tell us

FinindusreportedZwijnaarde · $540K – $5.4M

How we know: funding news · hystar.com · open dataset · 5k.vc investor directory · Not right? Tell us

Hillhouse InvestmentreportedSingapore

How we know: funding news · hystar.com · Not right? Tell us

Nysnø Climate InvestmentsreportedStavanger

How we know: hystar.com · Not right? Tell us

ORLEN VCreportedWarsaw

How we know: hystar.com · Not right? Tell us

Trustbridge PartnersreportedShanghai

How we know: funding news · hystar.com · Not right? Tell us

Also in the syndicate · 5

Kinetics TechnologiesMitsubishi CorporationleadNippon Steel TradingSINTEF VenturesStenshagen Invest

Funding

SEC filings, press & company announcements

$26M disclosed across 1 of 4 rounds · 2021–2025

Undisclosed amountSeries CMay 2025
AP Ventures, Finindus, Firda, Kinetics Technologies, MOL Switch, Nippon Steel Trading, Nysnø Climate Investments, Orlen VC, SINTEF Ventures, Stenshagen Invest
Source ↗
$26MSeries BJan 2023 · 2 sources
AP Ventures (lead), Mitsubishi Corporation (lead), Finindus, Firda, Hillhouse Investment, Nippon Steel Trading, SINTEF Ventures, Trustbridge Partners
Source ↗

Source: company announcements and press reports — follow each round's link for the claim.

Related companies · 2

STARS TechnologySTARS builds compact hydrogen generators that use microchannel process technology and 3D printing to convert water and methane (including biomethane) into clean hydrogen via steam methane reforming. The modular, onsite systems are aimed at gas distribution companies and end users looking to produce hydrogen without central plants or new pipeline infrastructure.

Stargate HydrogenStargate Hydrogen manufactures industrial alkaline electrolysers that produce green hydrogen for steel manufacturing, enabling low-carbon steelmaking routes like hydrogen-based direct reduced iron. The company provides scalable hydrogen production systems to support decarbonisation in the global steel production industry.

Companies working in the same space as HyStar AS.

In the news

Hystar raises USD 36m to accelerate commercial growth - Hystarhystar.com · May 2025

Hystar raises USD 26mn to scale up to full commercial operations - Hystarhystar.com · Jan 2023

Hystar Raises $26M in Series B Fundingfinsmes.com · Jan 2023

Hystar raises 50M NOK - Hystarhystar.com · Jun 2021

Frequently asked questions

What does HyStar AS do?: Hystar is a Norwegian cleantech company that develops and manufactures high-efficiency PEM (Proton Exchange Membrane) electrolysers, which use renewable electricity and water to produce green hydrogen. It serves project developers, industrial operators and energy companies in hard-to-electrify sectors such as heavy industry, maritime transport, aviation fuels and fertiliser production.
Who are HyStar AS's investors?: HyStar AS's investors include AP Ventures, Firda, MOL Switch, SINTEF TTO AS, Finindus, Hillhouse Investment, Nysnø Climate Investments, ORLEN VC and 1 more.
How much funding has HyStar AS raised?: HyStar AS has disclosed $26M raised across 1 of its 4 known rounds.
Where is HyStar AS headquartered?: HyStar AS is headquartered in Høvik, NO.