When was Danish Power Systems founded?

Danish Power Systems was founded in 1994 and raised its 1st funding round 21 years after it was founded.

Where is Danish Power Systems located?

Danish Power Systems is headquartered in Lyngby, Denmark.

How many employees does Danish Power Systems have?

As of Dec 31, 2020, Danish Power Systems has 15 employees, reflecting a 25% year-over-year growth in headcount.

Is Danish Power Systems a funded company?

Danish Power Systems is a funded company, having raised an undisclosed amount across 4 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on May 01, 2015.

When was the latest funding round of Danish Power Systems?

Danish Power Systems' latest funding was a $***** Grant (prize money) round on Apr 01, 2020, with participation from 1 investor.

Where does Danish Power Systems rank among its competitors?

Danish Power Systems ranks 5th amongst 34 active competitors, of which 9 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Ecolectro, which secured $2.31M in Oct, 2025.

Who are the top competitors of Danish Power Systems?

Danish Power Systems' top competitors include Ionomr Innovations, FCEV and Ecolectro. Among them, Ecolectro secured the most recent funding round in October, 2025.

Danish Power Systems - 2026 Company Profile, Funding & Competitors

Danish Power Systems is an acquired company based in Lyngby (Denmark), founded in 1994. It operates as a Manufactures membrane electrode assembly. Danish Power Systems has raised an undisclosed amount in funding from Blue World. The company has 34 active competitors, including 9 funded and 2 that have exited. Its top competitors include companies like Ionomr Innovations, FCEV and Ecolectro.

Company Details

Danish Power Systems manufactures Membrane Electrode Assemblies (which are components of PEM fuel cells) in different sizes. The company also offers consultancy services in the relevant segment. Danish Power has completed 2 projects with 12 in pipeline.

Key Metrics

Founded Year

1994

Location

Lyngby, Denmark

Stage

Acquired

Latest Funding Round

Grant (prize money), Apr 01, 2020, $*****

Investors

Blue World & 2 more

Ranked

5^th among 34 active competitors

Employee Count

15 as on Dec 31, 2020

Similar Companies

Ionomr Innovations & 21 more

Exit Details

Acquired by Blue World (Dec 29, 2020)

View Danish Power Systems' full profile

Danish Power Systems is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Danish Power Systems Aps CIN: 17913301 , Denmark, Active		-	15 (As on Dec 31, 2020)

Danish Power Systems got acquired by Blue World on Dec 29, 2020.

Click here to take a look at Danish Power Systems's acquisition in detail

Danish Power Systems has raised funding over 4 rounds. Its first funding round was on May 01, 2015. Its latest funding round was a Grant (prize money) round on Apr 01, 2020 for $*****. 1 investor participated in its latest round. Danish Power Systems has 3 institutional investors.

Here is the list of recent funding rounds of Danish Power Systems:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 01, 2020	5482034	Grant (prize money)	6761692	7316294	9010892	1401621
Aug 22, 2019	6209760	Unattributed	8997869	4879602	1609825	5392955
Oct 31, 2017	2420056	Grant (prize money)	6060423	3324459	8272067	EIC Fund

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View details of Danish Power Systems's funding rounds and investors

Danish Power Systems' employee count trend

Danish Power Systems has 15 employees as of Dec 20. The total employee count is 25.0% more than what it was in Dec 19. Here is Danish Power Systems's employee count trend over the years:

Employee count trend for Danish Power Systems

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Top competitors of Danish Power Systems include Ionomr Innovations, FCEV and Ecolectro. Here is the list of Top 10 competitors of Danish Power Systems, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ionomr Innovations 2017, Vancouver (Canada), Series A	Ion-exchange membranes	$38M	Pallasite Ventures, Shell & 13 others	61/100
2nd	FCEV 2016, Baoding (China), Series B	Provider of hydrogen power systems and related components and services	$220M	SDIC, China National Building Materials & 2 others	48/100
3rd	Ecolectro 2015, Ithaca (United States), Series A	Low-cost fuel cell membrane developer	$28.4M	Toyota Ventures, Starshot Capital & 20 others	47/100
4th	IRD Fuel Cells 1996, Odense (Denmark), Unfunded	Provider of a membrane electrode assembly for fuel cells	-	-	38/100
5th	Danish Power Systems 1994, Lyngby (Denmark), Acquired	Manufactures membrane electrode assembly	-	EIC Fund, Europa & 1 others	38/100
6th	Tang Feng Energy Technology 2017, Shanghai (China), Series C	Provider of solutions for the low-platinum membrane-based electrodes	$15.5M	Hillhouse, GP Capital & 7 others	37/100
7th	Ion membranes 2023, Istanbul (Turkey), Seed	Manufacturer of ion exchange membranes	$750K	Fark Labs & 1 others	34/100
8th	Pemeas 2004, Frankfurt (Germany), Deadpooled	Manufacturer of aseptic low-acid food and beverage products	$32M	BankInvest, Emerald Technology Ventures & 6 others	32/100
9th	ionysis 2021, Freiburg (Germany), Unfunded	Membrane electrode for fuel cells and electrolyzers	-	-	31/100
10th	Cellfion 2020, Norrkoping (Sweden), Seed	Developer of bioenergy project	$1.3M	Voima Ventures, Almi Invest & 4 others	29/100