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Hystar
Hystar is a Norwegian cleantech company developing and manufacturing high-efficiency PEM electrolysers for green hydrogen production. Founded in 2020, the company operates a fully automated electrolyser factory located in Høvik, Norway.
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Hystar at a glance
Hystar is a clean energy company headquartered in Norway. It has raised at least $62M across the 2 funding rounds on record. Its most recent funding round, Series C, raised $36M in May 2025. Xcout tracks 12 named people at Hystar, including Fredrik Mowill (CEO).
Hystar leadership
- Fredrik MowillCEO
- Bente TraaChief Operating Officer
- Alexandra ShabashevaChief of Staff & General Counsel
- Fredrik R. MowillCo- founder and CEO
- Alejandro Oyarce BarnettCo-founder and Chief Technology Officer
- Magnus ThomassenCo-founder and Chief Product Officer
6 more named people on record for Hystar, with roles, board committees and tenure — see the full roster →
Hystar funding rounds
At least $62M raised across the 2 rounds on record. Every round on record:
| Date | Round | Amount | Investors |
|---|---|---|---|
| Series C | $36M | 10 named | |
| Series C | $26M | 11 named |
Who invested in each round, lead investors, valuations and the co-investor graph — open the full funding history →
Investors
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More on Hystar in Xcout Intel
- 12 named people with titles, LinkedIn and board committees
- 2 funding rounds with the investors in each, and who they co-invest with
- The full competitor set, tracking, exports and API access