Last updated 2026-08-21
- Raised $5.5M Series A, Mar 2026
- Raised $12M Seed round led by Kompas, Jan 2024
- Raised $75k grant led by DOD (USAF), May 2024
Total raised
$17.6M
Stage
—
Founded
2022
Headcount
—
HQ
Boston, United States
Sector
Energy Production
About
Found Energy is a cleantech startup that develops technology to convert aluminum waste into high-energy-density, carbon-free hydrogen and heat for heavy industrial applications. The company's aluminum-thermal power system continuously generates carbon-free industrial heat, hydrogen, and alumina trihydrate (ATH) on-site from various aluminum feedstocks. This technology aims to decarbonize industries such as industrial heating, maritime shipping, and fertilizer production. Found Energy's origins trace back to research at NASA JPL and MIT, and it operates on a hydrogen-as-a-service model.
Funding history · 3 rounds · $17.6M total
3 events/rounds · $17.6M Total Funding: $17.6M in Private Equity
Mar 2026
A Round
$5.5M
pitchbook.com
May 2024
★ DOD (USAF)
Jan 2024
★ Kompas★ Climate CapitalGiTVMassCECJ-ImpactMunich ReKOMPAS VCand 6 others8 more investorsGood Growth CapitalAutodesk FoundationJIMCO Technology FundGlenfield Partners LTDMassachusetts Clean Energy Center (MassCEC)
Offices
Boston, United States · HQ / main office
Q&A
- What is Found Energy Co.'s primary business?
- Found Energy Co. develops rechargeable aluminum fuel power systems designed to bring renewables to heavy industries. They focus on converting aluminum waste into high-energy-density, carbon-free hydrogen and heat.
- When was Found Energy Co. founded?
- Found Energy Co. was founded in 2022.
- Who are the co-founders of Found Energy Co.?
- The co-founders of Found Energy Co. are Peter Godart, who serves as Co-Founder & CEO, and Gadi Ruschin, who is the Co-Founder & CBO.
- What industries does Found Energy Co.'s technology aim to decarbonize?
- Found Energy Co.'s technology aims to decarbonize industries such as industrial heating, maritime shipping, and fertilizer production.
- What is Found Energy Co.'s business model?
- Found Energy Co. operates on a hydrogen-as-a-service business model.
- Where is Found Energy Co. headquartered?
- Found Energy Co. is headquartered in Boston, United States.
- What is the core technology developed by Found Energy Co.?
- Found Energy Co. develops an aluminum-thermal power system that continuously generates carbon-free industrial heat, hydrogen, and alumina trihydrate (ATH) on-site from various aluminum feedstocks.
Sectors & technology
Primary sector
Energy Production
Technologies
Target customers
Business model
Hydrogen-as-a-service
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | found.energy |
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Identifiers & details
| Founded | 2022 |
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Radar intelligence
Patents
| EPO | 1691 |
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Web history (Wayback)
| Domain | found.energy |
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