Elcogen
PrivateLast Round
Strategic
Jan 16, 2025
Total Funding Raised
$214.06M
Momentum
Top 25%
of companies Caplight tracks
Company Overview
Elcogen operates in Energy & Sustainability and is based in Tallinn. Its latest recorded funding round was a Strategic round in January 2025.
Elcogen is a clean energy technology company that manufactures solid oxide fuel cells and electrolysis components to enhance renewable energy generation and facilitate a sustainable energy future.
Sector
Energy & Sustainability
Verticals
Renewable Energy, Alternative Fuels, Clean Manufacturing, Energy Storage
Business Model
B2B
Customer Profile
Hardware Sales, Services & Consulting, Government Contracts
AI Layer
Non-AI
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Elcogen Comparables
Compare Elcogen with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| SolydEra S.p.A. | 93% | |
| Genvia | 79% | |
| Sunfire SE | 78% |
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Elcogen Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Strategic | Jan 16, 2025 | ||||
| Grant | Nov 11, 2024 | ||||
| Grant | Oct 1, 2024 | ||||
| Strategic | Apr 3, 2024 | ||||
| Strategic | Oct 11, 2023 | ||||
Strategic | May 9, 2022 |
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Key People
Founding team and executive leadership
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Elcogen Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Biofuel OÜ | Strategic |
| Mirae Asset | Strategic |
| European Commission | Grant |
| VNT Management | Strategic |
| Government of the Republic of Estonia | Strategic |
| European Investment Bank Group | Debt |
| SmartCap | Strategic |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Jul 1, 2026
Reached 160 customers across 30 countries.
- Apr 14, 2026
Partnering with Eltronic Group to implement SOFC technology.
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Recent news
Latest coverage and updates
- partners_withNov 4, 2026
Elcogen AS and Hygreen Energy sign an MoU to explore integrating solid oxide stack technology into electrolyser systems, advancing SOFC and SOEC development toward larger-scale demonstrations over the next two years, on Nov 2nd '26.
- partners_withOct 6, 2026
Elcogen partners with ECOLEFINS project in ECOLEFINS, an EU/UK-funded project exploring how electricity, CO₂ and water produce important chemicals without relying on fossil resources, as reported on Oct 6th '26.
- partners_withSep 24, 2026
On Sep 22nd '26, Elcogen and Metrosert conclude a multi-year deal to improve solid oxide technology testing and validation, develop additional testing facilities, and provide Elcogen access to Metrosert's applied research and technology evaluation expertise.
- is_developingAug 31, 2026
Elcogen is developing solid oxide technology platform.
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Elcogen Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about Elcogen's valuation, stock price, and market status.
Is Elcogen a public or private company?
Elcogen is a private company.
What is the current stock price of Elcogen?
Elcogen is a private company, so its shares have no public market price. Caplight tracks Elcogen's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Elcogen worth (valuation)?
Valuation information for Elcogen is not publicly available.
Can I buy Elcogen stock?
Elcogen shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Elcogen's last funding round?
Elcogen's most recent funding round was Strategic on January 16, 2025.
Who are the main investors in Elcogen?
Key investors in Elcogen include Biofuel OÜ, Mirae Asset, European Commission, VNT Management, Government of the Republic of Estonia.
Will Elcogen IPO soon?
No public IPO plans have been announced for Elcogen.
How can I track Elcogen secondary market activity?
Caplight tracks bids, offers, and trades in Elcogen's shares on secondary markets.