Universal Hydrogen Stock: Funding and Valuation History

Aerospace & Satellite Internet
By UpMarket Research  |  Last updated: July 2026
CEO Mark Cousin Founded 2020 HQ Los Angeles, US

Universal Hydrogen was a private aerospace company developing hydrogen-powered aircraft propulsion and a logistics system to supply hydrogen to airports. Founded in 2020, it aimed to make carbon-free regional flight practical using modular hydrogen capsules and retrofit kits.

UpMarket does not offer Universal Hydrogen shares. This page covers the history of Universal Hydrogen before it shut down.

Funding
Not disclosed
No priced round reported by two reputable outlets
Valuation
Not confirmed
Not confirmed by two independent reputable sources

How to Review the Funding History of Universal Hydrogen on UpMarket

Universal Hydrogen ceased operations on June 27, 2024. UpMarket does not offer Universal Hydrogen shares. This page covers its earlier valuation and funding history.

Step 01

Check the company's status

Universal Hydrogen ceased operations on June 27, 2024.

Step 02

Review the valuation history

See how the private-market valuation of Universal Hydrogen changed across funding rounds before it shut down.

Step 03

Review funding and revenue data

See reported funding rounds and revenue figures on this page, with their sources.

Step 04

Explore private companies

Accredited investors can review UpMarket's current pre-IPO offerings in companies that have not yet gone public.

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Valuation Growth Over Time

Post-money valuation by round
Previous rounds Most recent
DateRoundPPS (split-adj.)Valuation

Why Investors Are Watching Universal Hydrogen

Growth Signal

JetBlue joined Universal Hydrogen's $20.5M Series A

JetBlue Technology Ventures invested in Universal Hydrogen as part of its $20.5 million Series A round in April 2021. The round was led by Playground Global and also included Airbus Ventures, Toyota AI Ventures, Plug Power, Coatue, and Fortescue Future Industries.

Competitive Moat

Plug Power partnership backs capsule-based hydrogen logistics

Plug Power said Universal Hydrogen's model uses modular capsules to distribute hydrogen through existing freight logistics, reducing the need for new fueling infrastructure. That approach ties the company to a distribution workflow designed for aviation adoption at scale.

Market Opportunity

American Airlines invested to cut aviation emissions by 2035

American Airlines made an equity investment in Universal Hydrogen in 2022 to support its science-based target to reduce greenhouse gas emissions by 2035. The deal points to airline demand for lower-carbon aviation solutions tied to fleet decarbonization.

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Universal Hydrogen Leadership Team

Paul Eremenko
CEO
Mark Cousin
President
Jon Gordon
Co-Founder

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Universal Hydrogen Stock FAQ

No. Universal Hydrogen ceased operations on June 27, 2024 and has no tradable shares. UpMarket does not offer Universal Hydrogen shares.

Universal Hydrogen has no stock price and no current valuation. The figures on this page are historical private-market valuations from before it shut down.

No. Universal Hydrogen has shut down, and UpMarket does not offer its shares. Accredited investors interested in companies that have not yet gone public can review UpMarket's current pre-IPO offerings.

Universal Hydrogen has ceased operations. This page is kept for its historical funding and valuation data. UpMarket does not offer Universal Hydrogen shares.

In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.

Universal Hydrogen ceased operations on June 27, 2024. What former shareholders receive, if anything, depends on the company's wind-down or dissolution.

UpMarket does not offer Universal Hydrogen shares. The minimum for most pre-IPO offerings on UpMarket is $50,000.

Universal Hydrogen was a private aerospace company developing hydrogen-powered aircraft propulsion and a logistics system to supply hydrogen to airports. UpMarket has not confirmed a valuation from two independent reputable sources.

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