Elcogen: Funding, Investors & Team (Sep 2026)
Elcogen, established in 2001, is a company that produces and develops high-performance anode-supported Intermediate Temperature Solid Oxide Fuel Cells (IT-SOFC) and SOFC stacks using proprietary materials and technology. This fuel cell technology plays a crucial role in moving towards a cleaner energy future by reducing emissions from natural gas systems, providing double the power with the same amount of gas, and enabling greater renewable energy generation through converting electricity to hydrogen for storage. Elcogen manufactures the most efficient solid oxide fuel cells, making them a key player in the development of clean energy systems.
Elcogen has raised $66.3M across 4 funding rounds on record, the most recent an undisclosed round of $6.1M announced in Jan 2025.
That round is below the $15M median round size for Energy companies tracked on FundedIQ over the last two years.
Elcogen Company Profile and Key Stats
Latest funding round on record: Jan 2025.
Elcogen Funding Rounds
1 of 4 rounds was announced without a disclosed amount and is excluded from the total.
Elcogen announced an undisclosed round in Sep 2023; the amount was not disclosed.
7 months later, an undisclosed round of $33.6M was announced in Apr 2024.
7 months later, an undisclosed round of $26.6M was announced in Nov 2024.
2 months later, an undisclosed round of $6.1M was announced in Jan 2025.
Elcogen Founders and Leadership Team
Contact details for the Elcogen team: 1 of 1 has an email address on file.
Start 14-day free trial →Elcogen Funding Compared to Other Energy Startups
Elcogen's latest round of $6.1M is below the median round in Energy. Medians cover the last 24 months of disclosed rounds.
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Elcogen Funding FAQs
What does Elcogen do?
Elcogen, established in 2001, is a company that produces and develops high-performance anode-supported Intermediate Temperature Solid Oxide Fuel Cells (IT-SOFC) and SOFC stacks using proprietary materials and technology. This fuel cell technology plays a crucial role in moving towards a cleaner energy future by reducing emissions from natural gas systems, providing double the power with the same amount of gas, and enabling greater renewable energy generation through converting electricity to hydrogen for storage. Elcogen manufactures the most efficient solid oxide fuel cells, making them a key player in the development of clean energy systems.
How much funding has Elcogen raised?
Elcogen has raised $66.3M across 4 rounds on record. The most recent is an undisclosed round of $6.1M announced in Jan 2025.
When did Elcogen last raise funding?
Elcogen's most recent funding round on record is an undisclosed round of $6.1M, announced in Jan 2025.
Who founded Elcogen?
FundedIQ lists Enn Ounpuu (Founder) at Elcogen.
Where is Elcogen headquartered?
Elcogen is based in Tallinn, Harjumaa, Estonia.
How many employees does Elcogen have?
Elcogen is in the 51-100 employee band.
How does Elcogen's funding compare to other Energy startups?
Elcogen's latest round of $6.1M is below the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.
About FundedIQ's Elcogen Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Elcogen is left off this page rather than filled in.
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