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Infinity Fuel Cell & Hydrogen, Inc.

Raising nowOperating

Energy & Cleantech · Windsor, CT

Infinity Fuel Cell & Hydrogen designs, builds, tests and delivers complete PEM fuel cell and PEM electrolyzer systems, with contracts from NASA, aerospace companies and the US Military. It is developing versions for spacecraft and underwater vehicles, and for commercial aircraft and green hydrogen production.

Raising nowRaising now on DealMaker

This company has an open fundraising round.

$255K raised140 investors169 days left
View the live round
Post-money valuation ⓘ
$65.8M
As of Sep 2026 · from Reg CF Offering (2026) · pre-money + amount raised, not a traded price
Total raised
$5,994,363
Across 3 rounds since 2023
Latest share price
$9.72
Reg CF · Class C Non-Voting Common Stock · Sep 2026 offering price

Financials

FY2021–FY2025 · from SEC filings · hover any figure for its source
$6.4M
$449K
2021
$9.0M
$604K
2022
$6.9M
−$2.2M
2023
$3.2M
−$60K
2024
$922K
−$2.4M
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021 audited
FY2022 audited
FY2023 audited
FY2024 audited
FY2025
Income statement
Revenue
$6,366,834
$8,956,131
$6,940,614
$3,219,804
$922,409
Cost of goods sold
$5,021,647
$6,043,244
$6,495,641
$1,815,825
$1,433,066
Gross margin
21%
33%
6%
44%
-55%
Net income
$448,992
$604,181
-$2,215,272
-$60,295
-$2,429,007
Taxes paid
$20,039
$123,269
$27,760
$9,423
$0
Balance sheet
Cash
$207,498
$4,464,049
$210,679
$501,924
$532,014
Accounts receivable
$26,412
$2,136
$61,634
$555,406
$6,343
Total assets
$1,003,957
$9,898,539
$1,847,289
$2,193,910
$1,675,630
Short-term debt
$96,040
$8,962,600
$2,942,420
$511,763
$1,240,398
Long-term debt
$0
$0
$0
$800,000
$839,408
Total liabilities
$96,040
$8,962,600
$2,942,420
$1,311,763
$2,079,806
Other
Headcount
—
25
17
14
14

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$54.3M
pre-money
$62.7M
pre-money
$65.6M
pre-money
Reg CF · Common · Oct 2023
Reg CF · Common · May 2025
Reg CF · Class C Non-Voting Common · Sep 2026

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

$9.72$4.86$8.00
Oct 2023Sep 2026
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Dec 31, 2023
Class B Common Stock · 92.9%Class A Common Stock · 7.14%
ClassOutstandingVotes / shareShare of totalVotesLast price
Class B Common Stock4,500,0001092.9%99.2%—
Class A Common Stock345,75017.14%0.76%—
Total4,845,750100%100%

Principal holders% as the filing states it, Apr 29, 2026

  • William F. Smith63.0%of company

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $255.2K / $5MInvestors 140Post-money $65.8M
Raised $1.5M / $1.8MPost-money $64.2M
Raised $4.3M / $5MPost-money $58.6M

Team

2 people
William Smith
President/CEO and Director
William Davis
Chief Financial Officer

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFewer than 300 holders of record

Filed 3 of 3 annual reports (FY2023–FY2025)

128 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form CSep 9, 20260001872856-26-000298
    EDGAR
  • Form C-ARApr 29, 20260001903644-26-000001
    EDGAR
  • Form C-USep 25, 20250001903644-25-000004
    EDGAR
  • Form CMay 8, 20250001903644-25-000002
    EDGAR
  • Form C-ARApr 28, 20250001903644-25-000001
    EDGAR
  • Form C-UDec 3, 20240001903644-24-000006
    EDGAR
  • Form C/ASep 18, 20240001903644-24-000005
    EDGAR
  • Form C/AAug 23, 20240001903644-24-000004
    EDGAR
Source: SEC EDGARCIK 0001903644DEShare price $9.72Last synced Aug 17, 2026

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.