Registered 8. september 2016, primary activity: Research and experimental development on natural sciences and engineering. Main place of business in Mustamäe linnaosa, Tallinn, Harju maakond.
| # | Shareholder | % |
|---|---|---|
| 1 | 68.10% | |
| 2 | 12.60% | |
| 3 | 5.50% | |
| 4 |
+ 7 more shareholders – full list below.
How tightly the cap table is held. Top-N shows the combined stake of the largest N shareholders; the 80% line is the smallest group that together controls 80%; Gini is 0 when stakes are perfectly equal, 1 when one holder owns everything.
Controlling stake: top holder commands 68.1%, sole control.
| Year | Revenue | Profit | Equity | Assets | Employees | ||
|---|---|---|---|---|---|---|---|
| 2024AUD | 200 966 € | −1 742 568 € | -3,7m € | 1,1m € | 24 | 27.09.2025 | |
| 2023AUD | 271 399 € | −1 442 895 € | -2,0m € | 1,2m € | 27 | 02.08.2024 | |
| 2022AUD | 81 727 € | −1 624 839 € | -519k € | 1,0m € | 28 | 01.07.2023 |
| Year | Revenue (a) | State taxes | Taxes on workforce | Employees (Q4) |
|---|---|---|---|---|
| 2026I-II Q | 363 549 € | 367 164 € | 395 249 € | 34 |
| 2025 | 570 363 € | 512 671 € | 553 777 € | 30 |
| 2024 | 178 398 € | 478 348 € | 510 235 € | 30 |
| 2023 | 377 637 € | 498 173 € | 525 947 € | 28 |
| 2022 | 341 450 € | 506 451 € |
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| Revenue 2026 | 183k € | 180k € | – | – |
| State taxes 2026 | 177k € | 190k € | – | – |
| Taxes on workforce 2026 | 191k € | 204k € | – | – |
| Employees 2026 | 33 | 34 | – | – |
| Revenue 2025 | 84k € | 169k € | 106k € | 211k € |
| State taxes 2025 | 153k € | 89k € |
PowerUP Fuel Cells OÜ toodab ja arendab vesinik-kütuseelementidel põhinevaid elektrigeneraatoreid ja panustab oma tegevusega roheesmärkide täitmisesse.
2026: 83k € · 2025: 452k € · 2024: 1,0m €
PowerUp Fuel Cells OÜ is connected to 4 other companies through 1 person who hold a role here and elsewhere. The strongest tie runs through Ivar Kruusenberg (4 companies).
| Company | Role | Reg. code |
|---|---|---|
| Alchemist OÜ | Board memberShareholder 100%Founder | 16302246 |
| ITRI Capital Group OÜ | Board member |
| 2.26% |
| 5 | 1.29% |
| 6 | 1.29% |
| 7 | 1.29% |
| 8 | 1.29% |
| 9 | 1.13% |
| 10 | 1.04% |
| 2021 | 118 796 € | −457 902 € | -416k € | 543k € | 19 | 30.06.2022 |
| 2020 | 18 497 € | −2558 € | 42k € | 227k € | 8 | 20.07.2021 |
| 2019 | 12 135 € | −15 720 € | -8k € | 66k € | 4 | 24.09.2020 |
| 525 798 € |
| 29 |
| 87k € |
| 184k € |
| Taxes on workforce 2025 | 161k € | 101k € | 95k € | 197k € |
| Employees 2025 | 30 | 33 | 31 | 30 |
| Revenue 2024 | 54k € | 42k € | 32k € | 50k € |
| State taxes 2024 | 90k € | 134k € | 114k € | 140k € |
| Taxes on workforce 2024 | 98k € | 141k € | 122k € | 148k € |
| Employees 2024 | 26 | 30 | 30 | 30 |
| Revenue 2023 | 46k € | 186k € | 93k € | 52k € |
| State taxes 2023 | 105k € | 120k € | 132k € | 141k € |
| Taxes on workforce 2023 | 113k € | 126k € | 138k € | 149k € |
| Employees 2023 | 33 | 29 | 31 | 28 |
| Revenue 2022 | 98k € | 120k € | 82k € | 42k € |
| State taxes 2022 | 109k € | 95k € | 169k € | 132k € |
| Taxes on workforce 2022 | 115k € | 96k € | 175k € | 140k € |
| Employees 2022 | 38 | 32 | 32 | 29 |
| 17479403 |
| OÜ Enerkindle | Board memberFounderShareholder 100% | 16642290 |
| UP Catalyst OÜ | Founder | 14798378 |
Peer group: Teadus- ja arendustegevus loodus- ja tehnikateaduste vallas, 400 trading companies that filed a report in the last three years.
Founded 2016. That year 12,438 osaühing were registered; 11,952 are still trading, or 96.1%.