Diligence memo · auto-generated · as of July 2, 2026
Quantum Fuel Systems Technologies Worldwide, Inc.
Quantum Fuel Systems Technologies Worldwide, Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Quantum Fuel Systems Technologies Worldwide, Inc. operates in Manufacturing, based in Lake Forest.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Quantum Fuel Systems Technologies Worldwide, Inc. has raised $107M in disclosed capital across 24 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $12M on 2009-08-03.
Most recent recorded round closed around 2015-06-29.
Filings read as a recurring offering program rather than a clean venture-stage ladder — interpret stage labels and step-ups with that in mind.
Valuation (modeled)modeled
Provath models Quantum Fuel Systems Technologies Worldwide, Inc. at approximately $20M (range $2.8M–$109M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.40× the median modeled value of Series A Manufacturing companies in 2013–2015 (70 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 3 months.
Last raise 11.0 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round was 5.5× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 96% of Manufacturing peers (3257 compared).
Modeled value ranks above 64% of those peers.
Closest niche peers: OYO Sportstoys, Inc., Green Bay Packaging Inc, H-Food Holdings, LLC, Tommie Copper Inc., Cyclonaire Holding Corp..
Peoplefiled
24 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.
Recurring-offering pattern: stage-based valuation has lower applicability.