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Angstrom Power

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Angstrom Power researches and develops portable fuel cell devices

North Vancouver, CanadaFounded 2001Energy
Valuation $100–250M Last recorded · 2006
Total funding $10–50M Disclosed equity funding
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About Angstrom Power

Angstrom Power Inc. was a Canadian company established in 2001 that specialized in developing micro-hydrogen fuel cell technology for portable electronic devices. The firm focused on creating micro-structured fuel cell systems designed to offer higher power densities and serve as an alternative to traditional batteries. A key aspect of their technology involved using micro-fabrication techniques to produce a patented fuel cell architecture that was both simple and inexpensive to manufacture. This system was intended to provide instant and extended power to consumer electronics like smartphones and tablets through a portable fuel cell device paired with a replaceable hydrogen fuel cartridge.

The company's product, described as Micro Hydrogen™, integrated a fuel cell, on-board hydrogen storage, and electronics into a compact form factor, comparable in size and power to a lithium-ion battery. This technology promised significant benefits, including longer run times, rapid refueling, and a reduction in both greenhouse gas emissions and disposable battery waste, emitting only water vapor. In a notable collaboration, Angstrom Power partnered with Motorola in 2008 to create a prototype mobile phone that ran on a hydrogen fuel cell. This system featured a desktop fueling station that produced hydrogen by splitting water molecules, which was then stored in a metal hydride container on the phone.

Throughout its operation, Angstrom Power secured multiple rounds of financing from various investors, including Aretê Corporation, Chrysalix Venture Capital, and VantagePoint Venture Partners. After approximately a decade of development in the portable fuel cell space, the company's assets were acquired by the French multinational corporation BIC Group in November 2011. The acquisition, valued at CAD 18.7 million, was a strategic move for BIC, which had been working on hydrogen fuel cartridges for nearly ten years. The combination of BIC's cartridge technology and Angstrom's fuel cell chargers was seen as a way to provide a complete power solution, with plans to commercialize a portable system within two to five years following the acquisition.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2001
Headquarters
North Vancouver, Canada
Open positions
None listed
Dealroom signal
20.3/100
Industry
Energy, Consumer Electronics
Sector
Energy, Hard Tech
Business model
Manufacturing
Client focus
b2b, b2c

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Dec 2011 $18M — Societe BIC ↗
LATE VC✓Equity / VC Sep 2006 $18M $72M VantagePoint Capital Partners · GrowthWorks Capital · Arete Corporation · Chrysalix Venture Capital ↗
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Growth signals

Angstrom Power website traffic

Latest recorded traffic for Angstrom Power is 310 monthly website visits.

Latest monthly visits310
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

6 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A4 investors entered at this stage

  • Chrysalix Venture Capital
  • GrowthWorks Capital
  • Ventures West
  • Arete Corporation

Series B and later1 investor entered at this stage

  • VantagePoint Capital Partners

Other known investors1 additional known investor

  • Societe BIC
Team profiled 3 named & role-tagged
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Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇨🇦 Canada · North Vancouver HQ
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Market sentiment

Posts on X, past 7 days

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Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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