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FusionOne has raised $56.0M across 2 funding rounds.
Key people at FusionOne.
FusionOne has raised $56.0M in total across 2 funding rounds.
FusionOne Energy Corp. is a technology and operations company based in Toronto, Ontario, that transforms plastic waste and end-of-life tires into renewable energy products. The privately owned enterprise utilizes patented thermal processing systems, specifically its FusionTire and HydroPlas platforms, to convert discarded materials into commercial outputs such as oils, circular carbon black, synthesis gas, hydrogen, and clean electricity. Operating within the renewable energy and waste management sectors, the firm processes raw materials sourced directly from commercial vendors, county landfills, and industrial recyclers. The organization currently operates with a workforce of fewer than 25 employees and generates under $5 million in annual revenue through its waste diversion and energy production deployments. To support its advanced recycling infrastructure and proprietary low emission technology, FusionOne has secured less than $5 million in total capital across a single funding round.
FusionOne Energy Corp. is a privately held cleantech company specializing in converting plastic waste and other carbon-based feedstocks into clean hydrogen and electricity using its proprietary HydroPlas™ Reactor. It serves waste management entities, energy producers, and industries seeking sustainable hydrogen solutions, addressing the global plastic waste crisis—equivalent to 25,000 Empire State Buildings annually in the U.S. alone—by diverting thousands of tons from landfills into profitable, zero-emission energy streams.[2][3][4] The company has garnered early investments from firms like PowerTap Hydrogen Capital Corp. (5% stake in 2021) and Clean Power Capital, with its first commercial reactor slated for operation in Detroit, Michigan, by early 2022, signaling strong growth momentum in the burgeoning hydrogen economy.[2][3]
FusionOne emerged as an early-stage innovator in renewable energy, with its team drawing on decades of experience in emerging technologies and R&D for advanced energy solutions.[2][3][4] The idea stemmed from tackling the plastic waste epidemic through thermal processing, leading to the internal development of the patented-pending HydroPlas™ Reactor, validated via a successful pilot plant on plastic polymers and other wastes.[3][4] Pivotal early traction included securing North American supply chains and investments: Clean Power Capital's US$500,000 for 5% ownership in April 2021, plus warrants, followed by PowerTap's update confirming commercialization progress.[2][3] Note: This FusionOne is distinct from a 1998-founded mobile data-sync firm that exited to Synchronoss in 2010 after $140M+ funding.[1]
FusionOne rides the hydrogen revolution, dubbed Bloomberg's "hottest thing in green energy," fueled by EU's $500Bn investments, Toyota's long-range fuel cell vehicles, and global pushes for hydrogen-powered transport.[4] Timing aligns with escalating plastic waste (35.7M tons generated in U.S. 2018, much landfilled) and net-zero mandates, where market forces like vehicle makers' hydrogen adoption and waste diversion policies favor scalable converters like HydroPlas™.[2][4] It influences the ecosystem by pioneering waste-to-hydrogen, reducing reliance on fossil-based "gray" hydrogen, and enabling circular economies in high-waste hubs like Detroit.[3][4]
FusionOne is primed for expansion with its Detroit pilot as a launchpad, potentially announcing more sites and partnerships in 2022 onward, scaling to process millions of tons amid hydrogen's projected trillion-dollar market.[2][4] Trends like policy-driven green hydrogen subsidies, plastic bans, and OEM fuel cell ramps will accelerate growth, though commercialization risks remain for early-stage tech.[3] Its influence could evolve from niche innovator to ecosystem shaper, powering a zero-emission future by turning waste liabilities into energy assets—echoing its mission to divert plastics from landfills into the hydrogen economy we deserve.[4]
FusionOne has raised $56.0M in total across 2 funding rounds.
FusionOne's investors include BlueRun Ventures, Rally Ventures.
FusionOne has raised $56.0M across 2 funding rounds. Most recently, it raised $6.0M Series A in February 2008.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2008 | $6M Series A | — | BlueRun Ventures, Rally Ventures | Announced |
| Apr 1, 2000 | $50M Series U | — | BlueRun Ventures, Rally Ventures | Announced |
Key people at FusionOne.
