Diligence memo · auto-generated · as of July 3, 2026
Peregrine Hydrogen Inc.
Peregrine Hydrogen Inc. looks over-valued against its niche peers and is active on financing cadence.
Businessfiled
Peregrine Hydrogen Inc. operates in Energy / Climate, based in SANTA CRUZ.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Peregrine Hydrogen Inc. has raised $14M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $7.5M on 2025-07-07.
Most recent recorded round closed around 2025-07-07.
Valuation (modeled)modeled
Provath models Peregrine Hydrogen Inc. at approximately $23M (range $9.5M–$39M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.60× the median modeled value of Series A Energy / Climate companies in 2025–2027 (13 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 25 months.
Last raise 12 mo ago; this sector typically re-raises about every 11 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 1.2× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 74% of Energy / Climate peers (235 compared).
Modeled value ranks above 54% of those peers.
Closest niche peers: Altus Thermal, Inc., Vertical Horizons Power Innovations Inc., Thor Directed Energy, Inc., Sizable Energy Inc, Flux Power Holdings, Inc..
Peoplefiled
6 named people on file across officers, directors and signatories.
Risks & flagsmixed
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.