14110442ActivePrivate limited companyVAT-registered

PowerUp Fuel Cells OÜ

Registered 8. september 2016, primary activity: Research and experimental development on natural sciences and engineering. Main place of business in Tallinn.

TallinnEMTAK 72101Research and experimental development on natural sciences and engineering9+ years
Updated 10 h ago
Revenue 2026 (I kv)
€183k
▲ 117% vs 2025 I kv
As of 10.04.2026 (MTA)
Employees
34
2026 (MTA)
Taxes paid
€368k
State + labour taxes · 2026 (I kv)
Tax debt
135 651,43 €
As of 12.05.2026 (MTA) · On payment plan 78 094,00 €

Overview

e-Business Register · 10 h ago
Legal form
Private limited company
Date of first registration
08.09.2016e-Business Register
Address
Akadeemia tee 23, Mustamäe linnaosa, Tallinn, 12618 Harju maakondADS · e-Business Register
Telephone
+372 5036963e-Business Register
Principal activity
EMTAK 72101 — Research and experimental development on natural sciences and engineeringe-Business Register · ETCB
VAT number
EE101922281ETCB · VAT-registered
Share capital
3670,81 €e-Business Register

Officers

e-Business Register · 10 h ago
IK
· board member since 08.09.2016
Board member

Founders

e-Business Register · 10 h ago
IK
· founder since 07.09.2016
Founder · €3k

Shareholders (17)

e-Business Register · 10 h ago
0%50%100%
Founder / management
68.1% · 1
VC
1.3% · 1
Long tail
30.6% · 15
#Shareholder%
168.10%
212.60%
35.50%
42.26%
51.29%
61.29%
71.29%
81.29%
91.13%
101.04%

+ 7 more shareholders — full list below.

Concentration

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.

Top 1
68.1%
Top 3
86.2%
Top 5
89.8%
Top 10
95.8%
80% line
2 of 17
Gini
0.79

Controlling stake: top holder commands 68.1%, sole control.

IK
· shareholder since 01.09.2023
Shareholder 68% · €3k
AA
AS AMALFILEGAL PERSON
Legal person · 10411419 · shareholder since 03.03.2025
Shareholder 13% · 462,60 €
OV
Legal person · 11199192 · shareholder since 01.09.2023
Shareholder 6% · 201,80 €
AE
Legal person · 10276200 · shareholder since 01.09.2023
Shareholder 2% · 83,09 €
UI
UG Investments OÜLEGAL PERSON
Legal person · 12467306 · shareholder since 01.09.2023
Shareholder 1% · 47,45 €
SS
See Seaside OÜLEGAL PERSON
Legal person · 16212550 · shareholder since 01.09.2023
Shareholder 1% · 47,45 €
AD
Legal person · 10575472 · shareholder since 01.09.2023
Shareholder 1% · 47,45 €
HC
Legal person · 16433333 · shareholder since 01.09.2023
Shareholder 1% · 47,45 €
VO
VILPAK OÜLEGAL PERSON
Legal person · 12589216 · shareholder since 01.09.2023
Shareholder 1% · 41,55 €
SO
Sinrob OÜLEGAL PERSON
Legal person · 14179008 · shareholder since 01.09.2023
Shareholder 1% · 38,15 €
C2
CNC 21 Venture co-invest 2021 ABRootsi · SwedenFOREIGN
Foreign / not in register · shareholder since 01.09.2023
Shareholder 1% · 32,27 €
CO
CACM OÜLEGAL PERSON
Legal person · 14697358 · shareholder since 01.09.2023
Shareholder 1% · 25,43 €
Show all (17)
BM
Legal person · 11789054 · shareholder since 01.09.2023
Shareholder 1% · 24,93 €
JI
JPM International Inc.Ameerika Ühendriigid · United StatesFOREIGN
Foreign / not in register · shareholder since 01.09.2023
Shareholder 1% · 23,73 €
PI
Legal person · 10843917 · shareholder since 01.09.2023
Shareholder 1% · 23,73 €
JU
Born 1992 · 34 y · shareholder since 31.01.2024
Shareholder 0% · 11,86 €
JF
Born 1989 · 37 y · shareholder since 31.01.2024
Shareholder 0% · 11,87 €

Beneficial owners

e-Business Register · 10 h ago
IK
· ultimate beneficial owner since 11.03.2020
Ultimate beneficial owner

Annual reports (6)

e-Business Register · annual reports · 2 päeva tagasi
Revenue · 2019–2024
€201klatest
€500k€250k0
2019: €12k2020: €18k2021: €119k2022: €82k2023: €271k2024: €201k
201920222024
Profit · 2019–2024
€-1.7mlatest
1 €€-1000k€-2.0m
2019: €-16k2020: €-3k2021: €-458k2022: €-1.6m2023: €-1.4m2024: €-1.7m
201920222024
YearRevenueProfitEquityAssetsEmployees
2024AUD200 966 €−1 742 568 €−3 675 751 €€1.1m2427.09.2025
2023AUD271 399 €−1 442 895 €−1 950 949 €€1.2m2702.08.2024
2022AUD81 727 €−1 624 839 €−518 755 €€1.0m2801.07.2023
2021118 796 €−457 902 €−415 934 €€543k1930.06.2022
202018 497 €−2558 €41 968 €€227k820.07.2021
201912 135 €−15 720 €−8074 €€66k424.09.2020
Original files (PDF, XBRL) — in the e-Business Register.View reports on e-Business Register

Taxes, revenue and employees

Estonian Tax and Customs Board · 10.04.2026 as of
€500k€250k0
20222023202420252026
YearRevenue (a)State taxesTaxes on workforceEmployees (Q4)
2026I Q183 192 €176 684 €191 407 €34
2025570 363 €512 671 €553 777 €30
2024178 398 €478 348 €510 235 €30
2023377 637 €498 173 €525 947 €28
2022341 450 €506 451 €525 798 €29
Quarterly breakdown
YearQ1Q2Q3Q4
Revenue 2026€183k
State taxes 2026€177k
Taxes on workforce 2026€191k
Employees 202634
Revenue 2025€84k€169k€106k€211k
State taxes 2025€153k€89k€87k€184k
Taxes on workforce 2025€161k€101k€95k€197k
Employees 202530333130
Revenue 2024€54k€42k€32k€50k
State taxes 2024€90k€134k€114k€140k
Taxes on workforce 2024€98k€141k€122k€148k
Employees 202426303030
Revenue 2023€46k€186k€93k€52k
State taxes 2023€105k€120k€132k€141k
Taxes on workforce 2023€113k€126k€138k€149k
Employees 202333293128
Revenue 2022€98k€120k€82k€42k
State taxes 2022€109k€95k€169k€132k
Taxes on workforce 2022€115k€96k€175k€140k
Employees 202238323229

Grants (10 · €2.0m)

EIS + PRIA + Kohesio + Estonian Unemployment Insurance Fund
EISEttevõtja teadus- ja arendustöötaja toetus 2024Riigieelarve (RE)2025
35 079 €
EISEttevõtja teadus- ja arendustöötaja toetus 2025Riigieelarve (RE)2025
14 569 €
EISEttevõtja teadus- ja arendustöötaja toetus 2024Riigieelarve (RE)2025
1487 €
EISEttevõtja teadus- ja arendustöötaja toetus 2024Riigieelarve (RE)2024
15 759 €
EISRakendusuuringute toetusRiigieelarve (RE)2022
1 332 396 €
EISEesti – Norra koostööprogrammEesti-Norra koostööprogramm (Green ICT)2021
547 915 €
Show remaining (4)
KohesioÜhtekuuluvuspoliitika fond (ERDF)European Regional Development Fund2021
64 915 €
EISEesti – Norra koostööprogrammEesti-Norra koostööprogramm (Green ICT)2019
16 508 €
KohesioÜhtekuuluvuspoliitika fond (ERDF)European Regional Development Fund2018
15 000 €
3940 €

History (27)

e-Business Register · entries
03.03.2025
Amending entry
Ä 50036715 / 11 · Status: In force
03.03.2025
Amending entry
Entry no. 11
11.07.2024
Trahvihoiatusmäärus: majandusaasta aruanne esitamata
Ä 50036715 / M5 · Status: Puudused kõrvaldatud
31.01.2024
Amending entry
Ä 50036715 / 10 · Status: In force
31.01.2024
Amending entry
Entry no. 10
Show 22 more events
16.01.2024
Osanike muutmine
Ä 50036715 / M4 · Status: Puudused kõrvaldatud
01.09.2023
Amending entry
Ä 50036715 / 9 · Status: In force
01.09.2023
Amending entry
Entry no. 9
22.04.2022
Amending entry
Ä 50036715 / 8 · Status: In force
22.04.2022
Amending entry
Entry no. 8
23.09.2020
Amending entry
Ä 50036715 / 7 · Status: In force
23.09.2020
Amending entry
Entry no. 7
11.11.2019
Amending entry
Ä 50036715 / 6 · Status: In force
11.11.2019
Amending entry
Entry no. 6
25.10.2018
Korraldav määrus
Ä 50036715 / M3 · Status: In force
20.01.2018
Amending entry
Ä 50036715 / 5 · Status: In force
20.01.2018
Amending entry
Entry no. 5
19.12.2017
Amending entry
Ä 50036715 / 4 · Status: In force
19.12.2017
Amending entry
Entry no. 4
12.12.2017
Amending entry
Ä 50036715 / 3 · Status: In force
12.12.2017
Amending entry
Entry no. 3
14.02.2017
Amending entry
Ä 50036715 / 2 · Status: In force
14.02.2017
Amending entry
Entry no. 2
08.09.2016
First entry
Ä 50036715 / M1 · Status: Puudused kõrvaldatud
08.09.2016
First entry
Ä 50036715 / M2 · Status: Puudused kõrvaldatud
08.09.2016
First entry
Ä 50036715 · Status: In force
08.09.2016
First entry
Entry no. 1

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