When was HVS founded?

HVS was founded in 2017 and raised its 1st funding round 3 years after it was founded.

Where is HVS located?

HVS is headquartered in Glasgow, United Kingdom. It is registered at PARK VIEW HOUSE,96 CALEDONIA STREET,GLASGOW,SCOTLAND,G5 0XG.

Who is the current CEO of HVS?

Abdul Waheed of HVS. They have also founded 1 company.

How many employees does HVS have?

As of Sep 30, 2026, the latest employee count at HVS is 19.

Is HVS a funded company?

HVS is a funded company, having raised a total of $34.2M across 6 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on 2020.

When was the latest funding round of HVS?

HVS's latest funding was a $***** Series C round on Jan 28, 2025, with participation from 1 investor.

Where does HVS rank among its competitors?

HVS ranks 4th amongst 114 active competitors, of which 24 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was ULEMCo, which secured $2.37M in Nov, 2025.

Who are the top competitors of HVS?

HVS's top competitors include GreenLine, Remora and Tula Technology. Among them, ULEMCo secured the most recent funding round in November, 2025.

HVS - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Developer of hydrogen fuel cell powertrain systems for heavy goods vehicles. The company focuses on designing and manufacturing hydrogen-powered trucks. These vehicles incorporate hydrogen storage, electric drive, and fuel cell systems. The technology includes thermal management and power electronics for efficient operation. The company aims to provide zero-emission transportation solutions for heavy-duty fleets.

Website: www.hvs.co.uk/
Social
Email ID: *****@hvs.co.uk
Phone Number: +44 **********
Registered Address: PARK VIEW HOUSE,96 CALEDONIA STREET,GLASGOW,SCOTLAND,G5 0XG

Key Metrics

Founded Year

2017

Location

Glasgow, United Kingdom

Stage

Series C

Total Funding

$34.2M in 6 rounds

Latest Funding Round

Series C, Jan 28, 2025, $*****

Investors

Gov & 16 more

Ranked

4^th among 114 active competitors

Employee Count

19 as on Sep 30, 2026

Similar Companies

GreenLine & 104 more

View HVS's full profile

HVS is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
HYDROGEN VEHICLE SYSTEMS LTD CIN: SC576231 , United Kingdom, Active	Sep 12, 2017	-	48 (As on Oct 31, 2024)

HVS has raised a total funding of $34.2M over 6 rounds. Its first funding round was on 2020. Its latest funding round was a Series C round on Jan 28, 2025 for $*****. 1 investor participated in its latest round. HVS has 7 institutional investors and 10 angel investors.

Here is the list of recent funding rounds of HVS:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 28, 2025	8994506	Series C	1881771	9986572	8155870	6391800
Feb 01, 2023	9206205	Grant (prize money)	7267000	3798904	1821959	Gov
Dec 02, 2022	7013495	Grant (prize money)	1670871	5465954	4435728	Advanced Propulsion Centre UK

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View details of HVS's funding rounds and investors

The founders of HVS is Abdul Waheed. Abdul Waheed is the CEO of HVS.

Here are the details of HVS's key team members:

Abdul Waheed: Founder & CEO of HVS and founder of 1 other company.
Contact Info: 1 email address

View details of HVS's Founder profiles and Board Members

HVS's employee count trend

HVS has 19 employees as of Sep 26. Here is HVS's employee count trend over the years:

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Top competitors of HVS include GreenLine, Remora and Tula Technology. Here is the list of Top 10 competitors of HVS, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	GreenLine 2021, Mumbai (India), Series A	Provider of sustainable transportation solutions using lng powered trucks and natural gas pipelines	$32M	Golden Merchandisers, Nk Enterprises Holding ... & 5 others	66/100
2nd	Remora 2020, Wixom (United States), Series A	Provider of carbon capture and revenue-sharing solutions for transportation	$5.62M	Union Square Ventures, Climate Capital & 10 others	57/100
3rd	Tula Technology 2008, San Jose (United States), Series A	Software solutions for fuel saving in engines	-	Delphi Technologies, TriplePoint Capital & 5 others	56/100
4th	HVS 2017, Glasgow (United Kingdom), Series C	Developer of hydrogen fuel cell powertrain systems for heavy goods vehicles	$34.2M	Gov, Advanced Propulsion Centre UK & 15 others	55/100
5th	ULEMCo 2014, Liverpool (United Kingdom), Series A	Manufacturer of hydrogen fuel systems for heavy duty transport equipment	$7.84M	Northwest Fund, Equity Gap & 24 others	55/100
6th	Garrett Motion 1954, Rolle (Switzerland), Public	Manufacturer of turbochargers, electric compressors, and related automotive technologies	-	Europa	53/100
7th	Munro 2020, Ayr (United Kingdom), Series A	Developer of all-terrain electric-utility vehicle	$4.94M	Elbow Beach Capital, Elbow Beach	52/100
8th	KEYOU 2015, Munich (Germany), Seed	Hydrogen-powered conversion kits for commercial vehicles	-	EIC Fund, Nagel & 7 others	47/100
9th	Proventia 2003, Oulunsalo (Finland), Seed	Manufacturer of emission control systems, thermal components, and electric powertrain solutions	-	Evli Bank, Europa & 1 others	46/100
10th	Eberspcher 2000, Esslingen (Germany), Unfunded	Manufacturer of exhaust and acoustic systems for automobiles. It designs and produces emission control and noise reduction technologies for passenger cars and commercial vehicles. The company focuses on improving air quality and reducing noise pollution through its products. Its offerings are used globally across various vehicle types. The company also emphasizes sustainable practices and responsible manufacturing.	-	-	43/100