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- HIF Global
HIF Global Valuation, Funding & Investors
HIF Global is valued at $600M as of April 2022.
Last HIF Global valuation
$600M
Undisclosed stage · Apr 2022
Last HIF Global funding round
$20M
Strategic investment · Sep 2024
Cumulative funding HIF Global raised
$480M
across 4 funding rounds
Key investors in HIF Global
Baker Hughes
Porsche
EIG Global Energy Partners(EIG)
AME
Gemstone Investments
Idemitsu Kosan
About HIF Global
HIF Global is a developer of carbon-neutral eFuels headquartered in Santa Barbara, California. The company builds production facilities using renewable electricity for green hydrogen electrolysis and direct air capture for CO2, synthesizing e-methanol and e-gasoline. Projects span Chile, the United States, and Australia, partnering with energy firms to supply drop-in fuels for shipping, aviation, and trucking.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$600M (Apr 2022)
HIF Global Valuation
HIF Global is currently valued at $600M, based on its undisclosed-stage round in April 2022.
The $260M round included EIG Global Energy Partners(EIG), AME, Porsche, Baker Hughes and Gemstone Investments.
HIF Global valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2022 | Undisclosed stage | $600M |
HIF Global Funding History
HIF Global has raised a total of $480M across 4 funding rounds.
HIF Global's first fundraising round was a $260M undisclosed-stage round in April 2022. The most recent completed round was a $20M strategic investment round in September 2024.
HIF Global funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2024 | Strategic investment | Mitsui O.S.K. Lines (lead) | $20M | - | HIF Global is a U.S.-based company developing and operating e-fuels projects globally, producing synthetic fuels like e-methanol, e-gasoline, and future e-SAF from green hydrogen derived from renewable energy and recycled CO2. Projects are underway in the U.S. (Matagorda, Texas), Chile (Magallanes), Uruguay (Paysandu), and Australia (Tasmania), with a production target of about 4 million metric tons per year of e-methanol equivalent. The company successfully produced its first e-fuel at the Haru Oni demonstration facility in Chile in December 2022. This follows prior 2024 investments from Japanese entities Idemitsu Kosan and JOGMEC, forming a value chain where HIF produces e-fuels, MOL transports them, and Idemitsu processes at ports. MOL's investment builds on a March 2024 MoU for e-fuels and e-methanol supply chain development with HIF subsidiaries and Idemitsu. HIF Global raised a total of USD 220 million in new funding year-to-date 2024 from a diverse investor group including AME, EIG, Porsche, Baker Hughes, Gemstone Investments, Idemitsu Kosan, JOGMEC, and now MOL. The funds advance commercial-scale e-fuels projects across the four countries. |
| Aug 2024 | Strategic investment | JOGMEC (lead) | $36M | - | HIF Global is a leading e-Fuels company headquartered in Houston, Texas, founded in December 2021, developing projects worldwide to convert renewable energy into near carbon-neutral e-Fuels like e-methanol for use in existing engines. The company began producing e-Fuels at its HIF Haru Oni demonstration facility in southern Chile in December 2022 and is advancing commercial-scale facilities in the United States (Matagorda), Uruguay (Paysandu), Australia (Tasmania), and additional sites in Chile (Cabo Negro, Açu). HIF aims to reach an annual production capacity of four million tons of e-methanol equivalent. In August 2024, HIF Global received an equity investment of approximately USD 36 million from Japan's JOGMEC, a government agency, channeled via Idemitsu Efuels America Corp., to expand its e-Fuels projects across the US, Australia, Chile, and Uruguay. This followed JOGMEC's approval on July 10, 2024, and built on prior 2024 investments from Idemitsu (USD 114 million) and existing shareholders, totaling USD 200 million in new funding year-to-date. Idemitsu plans to source e-methanol from HIF's facilities to support Japan's green supply chain for e-Fuels, with JOGMEC's involvement aiding hydrogen and low-carbon fuel initiatives under revised energy security policies. The investment aligns with strategic partnerships, including earlier agreements with Idemitsu and MOL Clean Energy (up to USD 20 million), focusing on e-Fuel production, CO2 shipping from Japan, and global supply chains. HIF exported its first commercial green hydrogen-based e-Fuels from Chile to the UK in November 2023. |
| May 2024 | Strategic investment | Idemitsu Kosan (lead); EIG Global Energy Partners(EIG); AME; Porsche; Baker Hughes; Gemstone Investments | $164M | - | HIF Global is the world's leading eFuels company developing projects to convert hydrogen produced with low-cost renewable power into carbon-neutral synthetic fuels. The company is actively expanding eFuels projects across the USA, Australia, Chile, and Uruguay, with a portfolio designed to recycle approximately 25 million tonnes per year of CO2, equivalent to the emissions from over 5 million cars. On May 13, 2024, HIF Global announced securing US$164 million in combined funding from existing shareholders and new investor Idemitsu Kosan, a prominent Japanese energy company. Idemitsu Kosan contributed US$114 million to this round, while existing investors AME, EIG, Porsche, Baker Hughes, and Gemstone Investments participated as well. The funding was earmarked to develop eFuels facilities globally and represented the completion of the first phase of a four-part collaboration between HIF Global and Idemitsu that includes investment, eFuels procurement, market development in Japan, and CO2 supply chain establishment. Idemitsu's investment aligns with its strategy to achieve carbon neutrality by 2050, with initial focus on e-methanol, blue ammonia, and sustainable aviation fuel (SAF). By year-end 2024, HIF Global had secured USD 220 million in new funding across multiple rounds, demonstrating strong investor momentum in the eFuels sector. |
| Apr 2022 | Undisclosed stage | EIG Global Energy Partners(EIG); AME; Porsche; Baker Hughes; Gemstone Investments | $260M | $600M | HIF Global, the leading eFuels developer, secured approximately $260 million in equity investments on April 6, 2022, from investors including Andes Mining & Energy (AME), Baker Hughes Company, EIG Global Energy Partners, Gemstone Investments LLC, and Porsche Automobil Holding SE, which contributed $75 million for a long-term stake. The funds support global expansion of carbon-neutral eFuels projects in the United States, Chile, and Australia, targeting decarbonization for ships, cars, trucks, and airplanes using existing infrastructure. HIF Global converts low-cost renewable power into hydrogen, then into liquid eFuels like green methanol. At the time, HIF Chile was constructing the Haru Oni Demonstration Plant in Magallanes, Chile, aiming to produce initial e-fuel liters that year. Plans included a commercial-scale plant in the US in 2023, followed by facilities in Chile and Australia in 2024, with worldwide operations targeted by end-2025. Porsche and EIG representatives joined the board, signaling strategic alignment with automotive and energy sector players. HIF Global positions eFuels as a drop-in solution for hard-to-abate sectors, also researching carbon-neutral LPG equivalents. The company operates subsidiaries in Chile, USA, and Australia, with projects like Matagorda in Texas and Tasmania. |
Who has invested in HIF Global?
8 investors have backed HIF Global across its funding rounds, including Baker Hughes, Porsche, EIG Global Energy Partners(EIG), AME, Gemstone Investments and Idemitsu Kosan.
Lead investors include Mitsui O.S.K. Lines, JOGMEC and Idemitsu Kosan.
HIF Global Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Apr 2022 | ||
| 2 | Participant | Apr 2022 | ||
| 2 | Participant | Apr 2022 | ||
| 2 | Participant | Apr 2022 | ||
| 2 | Participant | Apr 2022 | ||
| 1 | Lead | Sep 2024 | ||
This data is available for Pro users. Sign up to see all 8 HIF Global investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialHIF Global Competitors
HIF Global competitors include listed companies like West Holdings, JinkoSolar and Array Technologies, and private ones like Fulcrum Bioenergy, Amogy and Arbor Energy.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $603M | - | ||
| Private | - | - | $700M | - | ||
| Private | - | - | $340M | - | ||
| Publicly listed | $304M | $74M | $571M | 2.7x | ||
| Publicly listed | $9.8B | ($44M) | $564M | 0.6x | ||
| Publicly listed | $1.3B | $34M | $650M | 1.1x |
HIF Global Public Comps
HIF Global is still privately-owned, but its public comps include Cox Energy, W&T Offshore, Audax Renovables, Cloudberry Clean Energy, Suzhou Thvow Technology, CK Power PCL, Zhejiang Netsun, West Holdings, PetroRecôncavo and General Fusion.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $627M | $154M | 6.5x | - | 26.5x | - | |||
| $501M | $54M | 1.6x | 1.4x | 14.8x | 4.8x | |||
| $2.2B | $107M | 0.4x | 0.4x | 8.5x | 7.2x | |||
| $55M | $39M | 18.3x | 9.6x | 25.6x | 15.5x | |||
| $380M | $32M | 2.8x | - | 32.4x | - | |||
| $303M | $198M | 5.4x | 5.3x | 8.3x | 13.0x | |||
| $79M | ($2M) | 7.4x | - | (289.0x) | - | |||
| $304M | $74M | 3.1x | 2.7x | 12.6x | 10.3x | |||
This data is available for Pro users. Sign up to see all HIF Global competitors and their valuation data. Start Free Trial | ||||||||
Common questions about HIF Global
| When was HIF Global founded? | HIF Global was founded in 2019. |
| Where is HIF Global headquartered? | HIF Global is headquartered in Santiago, Chile. |
| Is HIF Global publicly listed? | No, HIF Global is a private, VC-backed company. |
| What is HIF Global's valuation? | HIF Global was last valued at $600M in its undisclosed-stage round in April 2022. |
| How much funding has HIF Global raised? | HIF Global has raised $480M across 4 funding rounds. |
| What was HIF Global's last funding round? | HIF Global's last funding round was a $20M strategic investment round in September 2024, led by Mitsui O.S.K. Lines. |
| Who are HIF Global's investors? | HIF Global's investors include EIG Global Energy Partners(EIG), AME, Porsche, Baker Hughes, Gemstone Investments, Mitsui O.S.K. Lines, JOGMEC and Idemitsu Kosan. |
| Which companies are comparable to HIF Global? | Companies comparable to HIF Global include Fulcrum Bioenergy, Amogy, Arbor Energy, West Holdings, JinkoSolar and Array Technologies. |
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