When was Hexagon Composites founded?

Hexagon Composites was founded in 2008 and raised its 1st funding round within a year of its incorporation.

Where is Hexagon Composites located?

Hexagon Composites is headquartered in Alesund, Norway. It is registered at Lincoln, Nebraska.

How many employees does Hexagon Composites have?

As of Jun 30, 2026, the latest employee count at Hexagon Composites is 46.

Is Hexagon Composites a funded company?

Hexagon Composites is a funded company, having raised an undisclosed amount across 12 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Jul 01, 2008.

When was the latest funding round of Hexagon Composites?

Hexagon Composites' latest funding was a $***** Grant (prize money) round on Mar 11, 2025, with participation from 1 investor.

Where does Hexagon Composites rank among its competitors?

Hexagon Composites ranks 10th amongst 1087 active competitors, of which 97 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Hexagon Composites, which secured $5.27M in Mar, 2025.

Who are the top competitors of Hexagon Composites?

Hexagon Composites' top competitors include Sunwoda Electronic, FlexGen and EnerSys. Among them, Hexagon Composites secured the most recent funding round in March, 2025.

Hexagon Composites - 2026 Company Profile, Funding, Competitors & Financials

Hexagon Composites is a public company based in Alesund (Norway), founded in 2008. It operates as an Offers composite pressure cylinder technology for a wide range of mobility and storage applications. Hexagon Composites has raised an undisclosed amount in funding. The company has 1087 active competitors, including 97 funded and 162 that have exited. Its top competitors include companies like Sunwoda Electronic, FlexGen and EnerSys.

Company Details

Website: hexagongroup.com
Social
Email ID: *****@hexagongroup.com
Phone Number: +4 **********
Registered Address: Lincoln, Nebraska

Key Metrics

Founded Year

2008

Location

Alesund, Norway

Stage

Public

Latest Funding Round

Grant (prize money), Mar 11, 2025, $*****

Investors

Handelsbanken & 5 more

Ranked

10^th among 1087 active competitors

Employee Count

46 as on Jun 30, 2026

Investment & Acquisitions

Hexagon Purus & 5 more

Similar Companies

Sunwoda Electronic & 1256 more

Exit Details

Public

View Hexagon Composites' full profile

Hexagon Composites is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Hexagon Composites ASA CIN: 938992185 , Norway, Active		-	1505 (As on Dec 31, 2021)
HEXAGON TECHNOLOGY H2 AS CIN: 921571917 , Norway, Active	Sep 30, 2018	-	-
HEXAGON LINCOLN, INC. CIN: 202051854 , United States, Active	Dec 31, 1999	-	109 (As on Dec 31, 2021)	-

Hexagon Composites got listed on Mar 14, 2014.

Click here to take a look at Hexagon Composites's IPO in detail

Hexagon Composites has raised funding over 12 rounds. Its first funding round was on Jul 01, 2008. Its latest funding round was a Grant (prize money) round on Mar 11, 2025 for $*****. 1 investor participated in its latest round. Hexagon Composites has 6 institutional investors.

Here is the list of recent funding rounds of Hexagon Composites:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 11, 2025	1782248	Grant (prize money)	6559073	6104531	5874546	5778251
Aug 20, 2024	2074880	Post IPO	8812749	4198683	3494825	2665327
Feb 15, 2022	8367578	Post IPO	1188605	3451447	6614722	5110239

Access funding benchmarks and valuations. Sign up today!

View details of Hexagon Composites's funding rounds and investors

Hexagon Composites' employee count trend

Hexagon Composites has 46 employees as of Jun 26. Here is Hexagon Composites's employee count trend over the years:

Employee count trend for Hexagon Composites

Uncover Hexagon Composites' growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Hexagon Composites include Sunwoda Electronic, FlexGen and EnerSys. Here is the list of Top 10 competitors of Hexagon Composites, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Sunwoda Electronic 1997, Shenzhen (China), Public	Manufacturer of lithium-ion batteries, energy storage systems, and related hardware	-	Cygnus Equity, Broad Vision Funds & 8 others	71/100
2nd	FlexGen 2009, Durham (United States), Series C	Battery energy storage solutions and software platform for energy transition	$276M	General Electric, Caterpillar & 7 others	69/100
3rd	EnerSys 1999, Reading (United States), Public	Global leader providing stored energy solutions for diverse industries and applications	-	Metalmark Capital, Slater Technology Fund ... & 3 others	65/100
4th	Exide Industries 1947, Kolkata (India), Public	Manufacturer of lead-acid storage batteries	$220M	Nalanda Capital, India Capital Growth	64/100
5th	Maxvolt Energy 2019, Noida (India), Public	Manufacturer of lithium-ion battery packs for electric vehicles and energy storage solutions	$1.5M	All Rounder Marketing, Chittorgarh Infotech ... & 25 others	60/100
6th	Amara Raja Group 1985, Hyderabad (India), Public	Manufacturer of batteries and other automotive components	-	-	60/100
7th	Exide 1888, Milton (United States), Acquired	Manufacturer & supplier of automotive power storage systems	$408M	Defense.gov, Z Capital Group	59/100
8th	Saft 1913, Levallois Perret (France), Acquired	Manufacturer of lithium-Ion battery	-	-	55/100
9th	NICHICON 1950, Kyoto (Japan), Public	Limited information available	-	-	54/100
10th	Hexagon Composites 2008, Alesund (Norway), Public	Offers composite pressure cylinder technology for a wide range of mobility and storage applications	-	Handelsbanken, Vermögensclub & 4 others	54/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Hexagon Composites's competitors? Click here to see the top ones

Hexagon Composites has made 3 investments in companies including Hexagon Purus and BRUDELI Green Mobility AS. Hexagon Composites has also acquired 3 companies including Agility Fuel Solutions and Digital Wave Corporation.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Dec 20, 2023	Investments	Hexagon Purus	2018	Alesund (Norway)
Dec 18, 2023	Investments	BRUDELI Green Mobility AS	2019	Hokksund (Norway)
Apr 22, 2022	Investments	Cryoshelter	2008	Graz (Austria)

Want to know more about where corporates are investing? Sign up today!

See all investments and acquisitions by Hexagon Composites

Here is the latest report on Hexagon Composites's sector:

Free

Energy Storage - Sector Report

Edition: June, 2026 (60 Pages)

View all reports related to Hexagon Composites

Media has covered Hexagon Composites for a total of 23 events in the last 1 year, 9 of them have been about company updates and 2 about people movement.