GenCell Ltd.

www.gencellenergy.com

High-Tech Company
Public Company

(TASE: GNCL)

TECH VERTICALS

Fuel Cells Battery Tech, Climate Tech, Electricity, Energy Storage, Energy Tech, Hydrogen, Nanotechnology

General Data

Sector	Energy
Company Stage:	Initial Revenues
Established	2011
Number of Employees	81
Employees in Israel	60
Reg. Number:	abCDe

DESCRIPTION

GenCell Energy is dedicated to transforming the energy landscape by providing reliable, sustainable and climate-resilient power solutions that address the growing global demand for energy security and independence. Looking ahead, their wholly owned US subsidiary GenCell Inc. leverages GenCell's legacy Hydrogen2Power™ technologies, proprietary DERMS software and field experience to further develop our hydrogen-fueled, containerized GenCell EVOX® grid-optional and backup solutions powering EV fleets and electrified equipment to overcome the growing power gap. With rapidly deployable solutions and the introduction of advanced software such as GenCell GEMS™, GenCell Inc. is well-positioned to drive growth and expand GenCell's presence in key markets across North America and beyond.

TECHNOLOGY

Alkaline Fuel Cell Technology, Ammonia to Power Technology, Green Ammonia Technology, Embedded Nano Technology

ESTIMATED ANNUAL SALES

	TARGET MARKETS
	Businesses, Industries : telecom, business continuity applications such as utilities, hospitals, first responders (emergency services including police, fire brigade, etc.), control rooms

	BUSINESS MODEL
	B2B

SERVICE PROVIDERS

Company Name	Type
abC Defghij	Accounting Firm
abC Defghij	Law Firm

REMARKS

Date	Remark
31/03/2025	Currently undergoing a cutback program, including a reduction of manpower.
22/11/2021	Currently working on a project to reduce the use of carbon dioxide in hospitals.

CONTACT INFO

Expand / Collapse All

Main Address: Petach Tikva, Israel

Address	7 HaTnufa St., Kiryat Arieh
City	Petach Tikva
Country	Israel
Zip	4951025

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: Los Angeles, United States

Address	12100 Wilshire Blvd.
City	Los Angeles
State/Province	CA
Country	United States
Zip	90025-7120

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: Houston, United States

Address	1201 Fannin St., Suite 262
City	Houston
State/Province	TX
Country	United States
Zip	77002

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title	Previous Position
Mr. Rami Reshef	CEO & Co-Founder
Mr. Shmulik Perez	COO & Deputy CEO	Orbotech (Corporate VP, Operations)
Mr. Ron Cardwell	President, GenCell Inc.
Mr. Gil Shavit	CBDO & Co-Founder	TadSec (CEO)
Mr. Tomer Assis	CFO	BackWeb (VP, Finance)
Mr. Haim Moshe	CPO
Ms. Einat Lev	HR Manager

	BOARD

Board

Member	Title	Affiliation
abC Defghij	Chairman	Chairman, Landa Digital Printing
abC Defghij	Board Member	Chairman, Landa Group
abC Defghij	Board Member	Venture Partner, Moneta CV
abC Defghij	Board Member	Former General Manager, Johnson Controls Open Innovation (JCI)
abC Defghij	External Director	Co-Founder, Lacoon Mobile Security,
abC Defghij	External Director	Member of the Board, Bank of Israel
abC Defghij	Independent Director	SVP, General Legal Counsel, Company Secretary & Chief Sustainability Officer, ADAMA

Mergers & Acquisitions

Round

Date

Stage

Amount

Valuation

Acquired

Nov. 13, 2025

Initial Revenues

abCDe

Public Offerings

Deal Date	Type of Offering	Exchange	Amount Raise	Valuation	Remarks
Nov. 18, 2020	IPO	TASE	abCDe	abCDe	Raised NIS 205m, valuation of NIS 800m.

	FINANCIAL ROUNDS

Total Capital Raised
abCDe

Financial Rounds

Numbers of Investors

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Round

Date

Stage

Amount

Valuation

Bridge

Nov. 13, 2025

Initial Revenues

abCDe

NIS 45.6

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Real Estate	abCDe	Provided the company with a convertible lone of NIS 45.6m. The loan is earmarked for the purchase of assets by the company from Bercleys.

PIPE

Jan. 18, 2022

Initial Revenues

abCDe

Raised NIS 113m; Valuation NIS 947m

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Financial Services Company	abCDe
abC Defghij	Institutional Investor	abCDe	NIS 60m
abC Defghij	Institutional Investor	abCDe
abC Defghij	Institutional Investor	abCDe	NIS 16.5m
abC Defghij	Institutional Investor	abCDe	NIS 30m
abC Defghij	Investment Company	abCDe
abC Defghij	Private Investor	abCDe
abC Defghij	Private Investor	abCDe

PIPE

Apr. 12, 2021

Initial Revenues

abCDe

Raised NIS 47m; Valuation NIS 1.3b

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Corporate VC	abCDe
abC Defghij	Investment Company	abCDe	Led the round
abC Defghij	Investment Company	abCDe

Second Round

Aug. 25, 2020

Initial Revenues

abCDe

$18.2m - realization of bridge loans by Landa Ventures and Grupo Felni. $15.6m - direct investment.

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Corporate VC	abCDe
abC Defghij	Investment Company	abCDe
abC Defghij	Investment Company	abCDe
abC Defghij	Investment Company	abCDe
abC Defghij	Other	abCDe
abC Defghij	Traditional Industry	abCDe

First Round

Mar. 28, 2017

Initial Revenues

abCDe

$10.5m - realization of bridge loans. $20.6m direct investment.

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Investment Company	abCDe
abC Defghij	Investment Company	abCDe
abC Defghij	Other	abCDe

Seed

Oct. 01, 2011

Seed

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Investment Company	abCDe
abC Defghij	Investment Company	abCDe
abC Defghij	Other	abCDe

	R&D Grants

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Round

Date

Stage

Amount

Remarks

R&D Grant

Sep. 05, 2018

Initial Revenues

abCDe

Co-op with American Energy Technologies Company (AETC).

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Bi-National Fund	abCDe

R&D Grant

Jun. 09, 2014

Seed

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Bi-National Fund	abCDe

	Non-Equity Assistance

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Date

Stage

Remarks

Non-Equity Assistance

Nov. 11, 2021

Initial Revenues

Contributor	Type	Amount	Remarks
abC Defghij	General Accelerator	abCDe

Non-Equity Assistance

Mar. 12, 2018

Initial Revenues

Contributor	Type	Amount	Remarks
abC Defghij	General Accelerator	abCDe

Last Updated:	abCDe
IVC Number:	abCDe