Hy-Drive
Hy-Drive manufactures hydrogen-generating systems to reduce emissions and improve fuel efficiency in motor engines.
Business Model:
Revenue: $0
Employees: 1-10
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Detailed Hy-Drive Information
Geographic Data
Address:
City: Mississauga
State: Ontario
Zip:
Country: Canada
Financial Info
Stage:
series unknown
Raised Last:
$4M
Raised Total:$4M
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0Website Monthly Traffic
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Description
Hy-Drive Technologies Ltd. is a hydrogen-based technology firm that is in the final phase of a Hydrogen Generating System (HGS). The HGS generates, on-demand, and injects small amounts of hydrogen gas into the combustion chamber of a regular internal combustion engine creating an enriched air mixture and a more complete and faster burn of the air-fuel mixture. The result is reduced emissions and improved fuel efficiency and torque. The initial application of Hy-Drive’s technologies is its proprietary "on-board" hydrogen and oxygen gas generation and injection system for internal combustion engines. The initial target markets for Hy-Drive are the existing commercial diesel-powered trucks and buses in the "after-market".
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| Announced Date | Company | Transaction | Money Raised |
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| Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 5/2010 | Venture Round | $3.8M |
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