When was Next Hydrogen founded?

Next Hydrogen was founded in 2007 and raised its 1st funding round 13 years after it was founded.

Where is Next Hydrogen located?

Next Hydrogen is headquartered in Mississauga, Canada.

How many employees does Next Hydrogen have?

As of Jun 30, 2026, the latest employee count at Next Hydrogen is 63.

Is Next Hydrogen a funded company?

Next Hydrogen is a funded company, having raised an undisclosed amount across 8 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Sep 30, 2020.

When was the latest funding round of Next Hydrogen?

Next Hydrogen's latest funding was a $***** Post IPO round on Dec 17, 2025, with participation from 1 investor.

Where does Next Hydrogen rank among its competitors?

Next Hydrogen ranks 22nd amongst 438 active competitors, of which 107 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Hygenco, which secured $105M in Jun, 2026.

Who are the top competitors of Next Hydrogen?

Next Hydrogen's top competitors include Lhyfe, Nel Hydrogen and Orsted. Among them, Hygenco secured the most recent funding round in June, 2026.

Next Hydrogen - 2026 Company Profile, Team, Funding & Competitors

Next Hydrogen is a public company based in Mississauga (Canada), founded in 2007 by Jim Hinatsu. It operates as a Developer of water electrolyzer technology for green hydrogen production solutions. Next Hydrogen has raised an undisclosed amount in funding from Pathfinder and Smoothwater Capital. The company has 438 active competitors, including 107 funded and 33 that have exited. Its top competitors include companies like Lhyfe, Nel Hydrogen and Orsted.

Company Details

Developer of water electrolyzer technology for green hydrogen production solutions. The company focuses on cell design architecture to reduce clean hydrogen generation costs. It aims to enable widespread adoption of hydrogen solutions for global decarbonization. The company's innovation provides operational flexibility to capture renewable energy output.

Website: nexthydrogen.com
Email ID: *****@nexthydrogen.com
Phone Number: +1 **********

Key Metrics

Founded Year

2007

Location

Mississauga, Canada

Stage

Public

Latest Funding Round

Post IPO, Dec 17, 2025, $*****

Investors

Pathfinder & 4 more

Ranked

22^nd among 438 active competitors

Employee Count

63 as on Jun 30, 2026

Similar Companies

Verdagy & 20 more

Exit Details

Public

View Next Hydrogen's full profile

Next Hydrogen got listed on Jul 02, 2021.

Click here to take a look at Next Hydrogen's IPO in detail

Next Hydrogen has raised funding over 8 rounds. Its first funding round was on Sep 30, 2020. Its latest funding round was a Post IPO round on Dec 17, 2025 for $*****. 1 investor participated in its latest round. Next Hydrogen has 5 institutional investors.

Here is the list of recent funding rounds of Next Hydrogen:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 17, 2025	1506235	Post IPO	4329613	8388251	2771010	8673347
Dec 13, 2024	4643737	Post IPO	4730908	6351163	7626407	1076922
Nov 12, 2024	6429108	Post IPO	1043733	1507999	8917962	6259506

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View details of Next Hydrogen's funding rounds and investors

The founders of Next Hydrogen is Jim Hinatsu.

Here are the details of Next Hydrogen's key team members:

Jim Hinatsu: Founder of Next Hydrogen.

View details of Next Hydrogen's Founder profiles and Board Members

Next Hydrogen's employee count trend

Next Hydrogen has 63 employees as of Jun 26. Here is Next Hydrogen's employee count trend over the years:

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Top competitors of Next Hydrogen include Lhyfe, Nel Hydrogen and Orsted. Here is the list of Top 10 competitors of Next Hydrogen, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Lhyfe 2017, Nantes (France), Public	Manufacturer of renewable hydrogen produced through water electrolysis and electricity	$96.9M	Andera Partners, Bpifrance & 12 others	71/100
2nd	Nel Hydrogen 1927, Oslo (Norway), Acquired	Manufacturer of electrolyser technology for renewable hydrogen production and related services	-	Defense.gov, Vermögensclub & 4 others	69/100
3rd	Orsted 2006, Fredericia (Denmark), Acquired	Developer and operator of offshore wind farms and energy assets	-	ELM Responsible Investments, Equinor & 2 others	68/100
4th	Heliogen 2013, Pasadena (United States), Acquired	Producer of hydrogen and syngas using sunlight	$111M	Prime Movers Lab, ArcelorMittal & 23 others	66/100
5th	Air Products 1940, Allentown (United States), Public	Manufacturer of industrial gases and chemicals	-	Pershing Square Capital Management, OSTI & 2 others	66/100
6th	Hygenco 2020, Gurugram (India), Series C	Provider of green hydrogen and green ammonia production and distribution solutions	$130M	Neev Fund, IFC & 9 others	66/100
7th	Monolith 2012, Lincoln (United States), Series D	Manufacturer of carbon black and hydrogen products for various industrial uses	$593M	Cornell Capital, TPG & 11 others	64/100
8th	H3 Dynamics 2015, Singapore (Singapore), Series B	Provides aerial inspection services using drones	$39M	ACA Investments, Sumitomo Mitsui Banking Corporation ... & 13 others	64/100
9th	Electric Hydrogen 2020, San Carlos (United States), Series C	Manufacturer of advanced electrolyzer systems for clean hydrogen production solutions	$603M	Fifth Wall, Energy Impact Partners & 26 others	64/100
10th	H2PRO 2019, Caesarea (Israel), Series B	Developer of technology for producing hydrogen from water	$180M	ArcelorMittal, Breakthrough Energy & 24 others	64/100
22nd	Next Hydrogen 2007, Mississauga (Canada), Public	Developer of water electrolyzer technology for green hydrogen production solutions	-	Rock Vntrs, Canadian Space Agency & 3 others	59/100