Diligence memo · auto-generated · as of July 2, 2026
Electric Hydrogen Co.
Electric Hydrogen Co. has raised $545M over 4 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Electric Hydrogen Co. operates in Energy / Climate, based in NATICK.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Electric Hydrogen Co. has raised $545M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $381M on 2023-04-06.
Most recent recorded round closed around 2023-04-06.
Valuation (modeled)modeled
Provath models Electric Hydrogen Co. at approximately $3.8B (range $2.0B–$6.1B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 9 months.
Last raise 3.2 yr ago; this sector typically re-raises about every 11 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round stepped up 2.7× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 100% of Energy / Climate peers (235 compared).
Modeled value ranks above 100% of those peers.
Closest niche peers: Natron Energy, Inc..
Peoplefiled
11 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.