Stargate Hydrogen raises EUR 11 million in Series A funding round

Stargate Hydrogen, a manufacturer of innovative electrolyser stacks and systems, has successfully completed its Series A funding round, raising EUR 11 million in equity investments from strategic customers and financial investors.

Stargate Hydrogen is a leading innovator in the field of sustainable energy solutions, dedicated to advancing the production and utilisation of green hydrogen through cutting-edge ceramic-based electrolysis technology. Stargate is one of the few electrolyser manufacturers recognised as an IPCEI (Important Project of Common European Interest).

The financing round included strategic customers with backgrounds in renewable energy and utilities such as Giga and UG Investments, accompanied by the SmartCap Green Fund, a state-backed venture capital fund investing in greentech companies with global ambitions.

With this funding, Stargate Hydrogen will scale its manufacturing capacity, significantly expand its internal testing capabilities, and establish key strategic partnerships with the leading players in the global green hydrogen ecosystem.

COBALT advised Stargate Hydrogen. Our team included Managing Associate Greete-Kristiine Kuru, Associate Elis Toim, and Assistant Lawyer Paul Schifrin.