Advent Technologies Holdings

Advent Technologies Holdings is an innovation-driven company specializing in fuel cell and hydrogen technology. It develops, manufactures, and assembles complete fuel cell systems along with critical components essential for the performance of these systems. Advent's technology facilitates the conversion of various fuels, such as methanol, natural gas, and biomass, into electricity, eliminating the reliance on hydrogen infrastructure. The company serves multiple industries, including automotive, aviation, and power generation. Revenue is generated through the sale of fuel cell systems and the provision of membrane electrode assemblies, membranes, and electrodes for specific applications within the fuel cell and energy storage markets.

Naiem Hussain

CFO

4 past transactions

fischer group

Acquisition in 2021
Fisher group provides stainless steel pipes and components, renewable energies, and fuel cells.

SerEnergy

Acquisition in 2021
SerEnergy is a company that specializes in the manufacture of methanol-based fuel cell solutions, focusing on fuel stacks and power modules designed for the power supply and energy sector. Utilizing proton exchange membrane (PEM) fuel cell technology, SerEnergy produces innovative fuel cell stacks and systems aimed at replacing traditional diesel generators. The company's products are intended to enhance energy efficiency and provide sustainable power alternatives, positioning SerEnergy as a key player in the transition to cleaner energy sources.

Salt Security

Series C in 2021
Salt Security, Inc. is an API security company based in Palo Alto, California, specializing in protecting application programming interfaces from attacks. Founded in 2015 and originally named SECful, Inc., the company rebranded to Salt Security in June 2018. Its platform leverages machine learning and artificial intelligence to automatically and continuously identify and protect APIs, allowing it to detect abnormal activities and prevent zero-day breaches. The technology learns the specific behavior of a company's APIs without requiring configuration or customization, thereby enabling rapid deployment and effective attack mitigation. Led by co-founder and CEO Roey Eliyahu and co-founder and COO Michael Nicosia, Salt Security aims to safeguard the core of modern applications against evolving cyber threats.

UltraCell

Acquisition in 2021
UltraCell Corporation, based in Livermore, California, was established in 2002 to commercialize advanced Reformed Methanol Micro Fuel Cell (RMFC) technology developed at the Lawrence Livermore National Laboratory. The company specializes in the development and sale of lightweight fuel cell systems aimed at the portable power market. UltraCell's products, including the Ultracell XX25, are notable for their clean and renewable energy capabilities, specifically designed to power portable electronics. This technology has been recognized for its performance and reliability, as demonstrated by extensive Military Specification qualification testing and field trials. UltraCell's fuel cell systems are NATO-approved, providing military and security agencies with efficient and sustainable energy solutions.
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