When was FCEV founded?

FCEV was founded in 2016 and raised its 1st funding round 5 years after it was founded.

Where is FCEV located?

FCEV is headquartered in Baoding, China.

How many employees does FCEV have?

As of Sep 30, 2026, the latest employee count at FCEV is 45.

Is FCEV a funded company?

FCEV is a funded company, having raised a total of $220M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Dec 14, 2021.

When was the latest funding round of FCEV?

FCEV's latest funding was a $***** Series B round on Dec 01, 2022, with participation from 3 investors.

Where does FCEV rank among its competitors?

FCEV ranks 3rd amongst 95 active competitors, of which 23 are funded. It stands 1st 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 FCEV?

FCEV's top competitors include Ionomr Innovations, Pajarito Powder and Cell Impact. Among them, Ecolectro secured the most recent funding round in October, 2025.

FCEV - 2026 Company Profile, Funding & Competitors

FCEV is a series B company based in Baoding (China), founded in 2016. It operates as a Provider of hydrogen power systems and related components and services. FCEV has raised $220M in funding from investors like China National Building Materials, SDIC and PICC Capital Investment Management. The company has 95 active competitors, including 23 funded and 6 that have exited. Its top competitors include companies like Ionomr Innovations, Pajarito Powder and Cell Impact.

Company Details

Provider of hydrogen power systems and related components and services. The company offers comprehensive hydrogen energy solutions, including fuel cell systems, fuel cell stacks, and hydrogen storage systems. It delivers customizable services for hydrogen fuel cell stack design, development, production, and application. The company also provides solutions for hydrogen storage system development and related product applications.

Website: ftxt-e.com
Email ID: *****@ftxt-e.com
Phone Number: +86 **********

Key Metrics

Founded Year

2016

Location

Baoding, China

Stage

Series B

Total Funding

$220M in 2 rounds

Latest Funding Round

Series B, Dec 01, 2022, $*****

Investors

China National Building Materials & 3 more

Ranked

3^rd among 95 active competitors

Employee Count

45 as on Sep 30, 2026

Similar Companies

ionysis & 30 more

View FCEV's full profile

FCEV has raised a total funding of $220M over 2 rounds. Its first funding round was on Dec 14, 2021. Its latest funding round was a Series B round on Dec 01, 2022 for $*****. 3 investors participated in its latest round. FCEV has 4 institutional investors.

Here is the list of recent funding rounds of FCEV:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 01, 2022	6316618	Series B	7862000	2617419	6239918	8827008
Dec 14, 2021	6218894	Series A	7233772	1388954	PICC Capital Investment Management & 1 more	Liben

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View details of FCEV's funding rounds and investors

FCEV's employee count trend

FCEV has 45 employees as of Sep 26. Here is FCEV's employee count trend over the years:

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Top competitors of FCEV include Ionomr Innovations, Pajarito Powder and Cell Impact. Here is the list of Top 10 competitors of FCEV, 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 & 14 others	56/100
2nd	Pajarito Powder 2012, Albuquerque (United States), Series B	Manufacturer of advanced catalysts for fuel cells and electrolyzer applications	$14.8M	Bekaert, Ecovyst & 9 others	56/100
3rd	FCEV 2016, Baoding (China), Series B	Provider of hydrogen power systems and related components and services	$220M	SDIC, China National Building Materials & 2 others	37/100
4th	Cell Impact 1999, Karlskoga (Sweden), Late Stage	Manufacturer of flow plates for hydrogen fuel cells and electrolyzers	-	DNB Asset Management, Ilija Batljan Invest ... & 1 others	48/100
5th	Bowman Power 2004, Southampton (United Kingdom), Series C	Manufacturer of electrified turbomachinery solutions for engines and fuel cells	$17.4M	BOOST&Co, Salica Investments & 5 others	46/100
6th	EKPO 2021, Falkenstein (Germany), Unfunded	Manufacturer of fuel cell stacks and components for sustainable mobility	-	-	45/100
7th	Ecolectro 2015, Ithaca (United States), Series A	Low-cost fuel cell membrane developer	$28.4M	Toyota Ventures, Starshot Capital & 21 others	44/100
8th	Cellfion 2020, Norrkoping (Sweden), Seed	Developer of cellulose based membranes for hydrogen and energy applications	$1.3M	LiU Invest, Almi Invest & 4 others	43/100
9th	EH Group Engineering 2017, Renens (Switzerland), Seed	Manufacturer of hydrogen fuel cell stacks and integrated power systems	$5.44M	AP Ventures, EIC Fund & 4 others	42/100
10th	Apheros 2023, Baden (Switzerland), Seed	Developer of metal foam cold plates for thermal management and liquid cooling applications	$1.85M	Founderful, Admin	41/100