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Inocel

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An industrial company that offers end-to-end hydrogen energy chain solutions with innovative fuel cells

Saint-Égrève, FranceFounded 2021Transportation
Valuation $100–500M Latest valuation · 2024
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Inocel

INOCEL is a pioneering startup in the fuel cell industry, focusing on the development and production of hydrogen fuel cell systems. Their mission is to provide clean energy solutions that can help achieve a net-zero future, offering a viable alternative to traditional fossil fuel engines. INOCEL's fuel cell systems are compact, efficient, and reliable, designed to meet the power generation needs of various sectors, including stationary power, heavy mobility, and marine applications.

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Their product, the INOCEL Z300, is touted as the world's most powerful fuel cell. It is scalable and efficient, designed to meet customer needs and contribute to global decarbonization efforts. The technology can be integrated into a wide range of applications. For stationary power generation, it offers a clean and efficient power source for both off-grid and on-grid locations and backup power generation. In the heavy-duty mobility sector, the system's high power output and durability are ideal for trucks, buses, and other applications requiring power and efficiency. For marine applications, the fuel cell system can deliver reliable, low-emission power in challenging environments.

INOCEL operates in the clean energy market, serving clients from various sectors that require efficient and reliable power sources. Their business model is centered around the production and sale of their innovative hydrogen fuel cell systems. By offering a product that is not only powerful but also contributes to the reduction of carbon emissions, INOCEL is positioning itself as a leader in the fight against climate change.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2021
Headquarters
Saint-Égrève, France
Employees
72
Open positions
23
Dealroom signal
68.5/100
Sub-industry
Clean Energy, Mobility
Sector
Transportation, Hydrogen, Spinout, Sustainable Development Goals, Climate Tech, Fuel Cell, Energy and Greentech, Observatoire Deeptech, Bluetech Related
Technology
Hardware, Deep Tech
Business model
Manufacturing
Client focus
b2b

Latest news

Press, funding announcements and product moves mentioning Inocel.

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Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES AEquity / VC Mar 2024 $35M $141M Undisclosed
DEBTDebt Mar 2024 $35M Undisclosed
Showing the latest 2 of 4 recorded eventsBook a demo for the full funding history →

Growth signals

Inocel website traffic

Latest recorded traffic for Inocel is 1.3K monthly website visits, up 182.6% over the last three months. Inocel's team declined 4% over the past year.

Latest monthly visits1.3K 3-month web change+182.6% 1-year team growth-4%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

CompanyHeadquartersStatusEmployeesTotal fundingValuation
H2SYSDesigning and manufacturing electrical generators that include a fuel cell system hybridized with an electric storage system with smart on-board control Belfort, France Operational 18 $3.2M $3.5M
EodevHydrogen-based energy solutions for an eco-friendly energy transition, offering proven, economical, and mass-produced technologies Issy-les-Moulineaux, France Operational
HSL TechnologiesLiquid carrier for safe hydrogen transport and storage Aix-en-Provence, France Operational
Beyond AeroWorld's first electric business aircraft using hydrogen propulsion to reach more than 800 nautical miles Cugnaux, France Operational
Spark CleantechMaking onsite hydrogen possible with 5x less electricty than water electrolysis. Producing clean valuable solid carbon materials. Decarbonising natural gas and methane emissions Gif-sur-Yvette, France Operational
BulaneBulane created a new generation of industrial flame, clean and efficient, created from water and electricity Fabrègues, France Operational
SylfenRendering decentralized renewable energy productions reliable, thanks to hydrogen storage Le Cheylas, France Operational
McPhy EnergyElectricity resources based on a technology for hydrogen storage in solid form, in association with hydrogen production by water electrolysis Grenoble, France Acquired
Showing 8 of the closest matchesCompare every metric →

Investors

4 investors on the cap table

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

Other known investors4 additional known investors

  • CEA-Leti
  • CNRS Innovation
  • French Alternative Energies and Atomic Energy Commission - CEA
  • French National Centre for Scientific Research - CNRS
Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
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
6 countries with
team presence
🇫🇷 France88.7%
🇨🇭 Switzerland4.8%
🇧🇪 Belgium1.6%
🇩🇪 Germany1.6%
🇦🇹 Austria1.6%
Top 5 of 6 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Inocel on X, ranked by likes and reposts, corporate channels excluded.

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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