Crosstown H2R - About the company
Crosstown H2R is a seed company based in Baden (Switzerland), founded in 2022 by Prith Harasgama and S Manoj Harasgama. It operates as a Manufacturer of burner systems for industrial hydrogen gas turbine engines. Crosstown H2R has raised $3.78M in funding. The company has 87 active competitors, including 7 funded and 6 that have exited. Its top competitors include companies like Renewable Iron Fuel Technology, Easy Energy Systems and Sumitomo SHI FW.
Company Details
Manufacturer of burner systems for industrial hydrogen gas turbine engines. This technology enables gas turbines to operate using hydrogen fuel mixtures while maintaining emission standards. The retrofit burner systems provide fuel flexibility by allowing combustion of natural gas or hydrogen. This equipment facilitates emission reductions in power generation and industrial facilities. The burner design supports integration into existing turbine platforms during scheduled maintenance periods.
- Website
- crosstown-h2r.com
- Email ID
- *****@crosstown-h2r.com
- Registered Address
- c/o c/o Saxer Treuhand AG Baden, Zürcherstrasse 23, 5400 Baden, CH
Key Metrics
Founded Year
2022
Location
Baden, Switzerland
Stage
Seed
Total Funding
$3.78M in 2 rounds
Latest Funding Round
Ranked
6th among 87 active competitors
Employee Count
7 as on Jun 30, 2026
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Legal entities associated with Crosstown H2R
Crosstown H2R is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Crosstown H2R AG CIN: 1554890 , Switzerland, Active | Oct 27, 2022 | - | - | - |
Crosstown Power GmbH CIN: 677117 , Switzerland, Active | May 25, 2021 | - | - | - |
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Crosstown H2R's funding and investors
Crosstown H2R has raised a total funding of $3.78M over 2 rounds. Its first funding round was on Mar 18, 2024. Its latest funding round was a Seed round on Jul 04, 2025 for $*****. 6 investors participated in its latest round. Crosstown H2R has 7 institutional investors.
Here is the list of recent funding rounds of Crosstown H2R:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 04, 2025 | 5147699 | Seed | 8470566 | 6025184 | 2064763 | 7657519 |
Mar 18, 2024 | 5750679 | Grant (prize money) | 6592207 | 9071904 | 3935103 |
View details of Crosstown H2R's funding rounds and investors
Crosstown H2R's founders and board of directors
Founder? Claim ProfileThe founders of Crosstown H2R are Prith Harasgama and S Manoj Harasgama. Prith Harasgama and S Manoj Harasgama are the CEOs of Crosstown H2R.
Here are the details of Crosstown H2R's key team members:
- Prith Harasgama: Co-Founder & Co-CEO of Crosstown H2R. Contact Info: 1 email address
- S Manoj Harasgama: Co-Founder & Co-CEO of Crosstown H2R. Contact Info: 1 email address
View details of Crosstown H2R's Founder profiles and Board Members
Crosstown H2R's employee count trend
Crosstown H2R has 7 employees as of Jun 26. Here is Crosstown H2R's employee count trend over the years:
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Crosstown H2R's Competitors and alternates
Top competitors of Crosstown H2R include Renewable Iron Fuel Technology, Easy Energy Systems and Sumitomo SHI FW. Here is the list of Top 10 competitors of Crosstown H2R, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Renewable Iron Fuel Technology 2020, Eindhoven (Netherlands), Series B | Developer of iron fuel technology for industrial heat decarbonization | $111M | 57/100 | |
2nd | Easy Energy Systems Welcome (United States), Acquired | Manufacturer of organic fertilizer systems and renewable energy production hardware | $350K | - | 49/100 |
3rd | Sumitomo SHI FW 2017, Espoo (Finland), Funding Raised | Manufacturer of industrial boilers and provider of energy decarbonization technology | - | 48/100 | |
4th | Developer of hydrogen combustion systems for power generation and electricity backup | $1.09M | 47/100 | ||
5th | BDR Thermea Group 1866, Apeldoorn (Netherlands), Series B | Manufacturer and distributor of smart climate and sanitary hot water solutions | - | 42/100 | |
6th | Crosstown H2R 2022, Baden (Switzerland), Seed | Manufacturer of burner systems for industrial hydrogen gas turbine engines | $3.78M | 38/100 | |
7th | Arisdyne 2006, Cleveland (United States), Series A | Manufacturer of controlled flow cavitation technology for industrial mixing processes | $8.06M | 36/100 | |
8th | SmartFlow Technologies 2011, Apex (United States), Unfunded | Supplier of hybrid vegetable and field crop seeds | - | - | 36/100 |
9th | Goyum Screw Press 1971, Amritsar (India), Unfunded | Manufacturer of mechanical oil mill plants and industrial processing machinery | - | - | 36/100 |
10th | Brissun Technologies 1995, Pune (India), Unfunded | Manufacturer of edible oil refining plants and biodiesel processing machinery | - | - | 34/100 |
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Crosstown H2R's Investments and acquisitions
Crosstown H2R has made no investments or acquisitions yet.
News related to Crosstown H2R
•
Crosstown Raises $3M to Expand Zero-Carbon Turbine Tech in EuropeStartup Rise EU•Jul 04, 2025•Crosstown H2R
•
Crosstown raises €2.5M to run gas turbines on renewable fuelsEU-Startups•Jul 04, 2025•Crosstown H2R, ClearSky 2100 Ventures
•
Swiss ClimateTech Crosstown raises €3.2M for gas turbines using renewable fuelsEU-Startups•Jul 04, 2025•Crosstown H2R
•
Crosstown gets €2M to fuel shift from fossil fuels to clean hydrogenTech Funding News•Jul 04, 2025•Crosstown H2R, Climate Insiders, 2100 Ventures, Unruly Capital
•
"Crosstown H2R Forms Crucial Partnerships with Sulzer and Fortum"Crosstown H2R•Mar 29, 2024•Crosstown H2R, Sulzer, Fortum
•
Swiss climate tech Crosstown H2R raises over €2 million to eliminate CO2 emissions from gas turbinesEU-Startups•Mar 18, 2024•Crosstown H2R, Admin, Sulzer, Fortum and 7 others
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