HAX

HAX is a global venture capital-backed program dedicated to accelerating startups with a hardware element. Operating across San Francisco and Shenzhen, HAX focuses on rapid prototyping and iteration, helping teams refine their products, business plans, and launch strategies. The program culminates in market readiness support, including introductions to corporates, investors, partners, and press, as well as securing funding and gaining traction.

Andrew Gollach

Principal

Ji Ke

Partner, Program Director and CTO

Past deals in Transport and logistics

XFuel

Series A in 2025
XFuel is a company focused on producing sustainable and net-zero advanced fuels for the road, marine, and aviation sectors. Founded in 2010 and headquartered in Dublin, Ireland, with additional operations in Palma de Mallorca, Spain, XFuel has developed innovative technology for the efficient conversion of biomass waste into low-carbon fuels. This process results in a clean, drop-in fuel that can be utilized by distributors and consumers globally, offering a cost-effective alternative to traditional fossil fuels. XFuel's production methods lead to up to 85% fewer greenhouse gas emissions compared to conventional fuel production, with a clear pathway towards achieving carbon-neutral and carbon-negative fuel solutions.

XFuel

Seed Round in 2024
XFuel is a company focused on producing sustainable and net-zero advanced fuels for the road, marine, and aviation sectors. Founded in 2010 and headquartered in Dublin, Ireland, with additional operations in Palma de Mallorca, Spain, XFuel has developed innovative technology for the efficient conversion of biomass waste into low-carbon fuels. This process results in a clean, drop-in fuel that can be utilized by distributors and consumers globally, offering a cost-effective alternative to traditional fossil fuels. XFuel's production methods lead to up to 85% fewer greenhouse gas emissions compared to conventional fuel production, with a clear pathway towards achieving carbon-neutral and carbon-negative fuel solutions.

Ayrton Energy

Seed Round in 2023
Founded in 2021, Ayrton Energy specializes in developing hydrogen storage technology. Its innovative solution involves storing hydrogen in liquid form, facilitating safe and efficient transportation through existing infrastructures. This technology aims to provide energy security by enabling the use of hydrogen as a fuel for power generation.

LexxPluss

Series A in 2023
LexxPluss develops automated transport robots for logistics warehouses. Their solution combines autonomous driving technology with guided mode navigation, ensuring accuracy even in challenging environments. The company focuses on cost-effectiveness, safety analysis, and user experience to enable efficient automation of labor-intensive tasks.

XFuel

Venture Round in 2022
XFuel is a company focused on producing sustainable and net-zero advanced fuels for the road, marine, and aviation sectors. Founded in 2010 and headquartered in Dublin, Ireland, with additional operations in Palma de Mallorca, Spain, XFuel has developed innovative technology for the efficient conversion of biomass waste into low-carbon fuels. This process results in a clean, drop-in fuel that can be utilized by distributors and consumers globally, offering a cost-effective alternative to traditional fossil fuels. XFuel's production methods lead to up to 85% fewer greenhouse gas emissions compared to conventional fuel production, with a clear pathway towards achieving carbon-neutral and carbon-negative fuel solutions.

Aeromutable

Seed Round in 2022
Aeromutable specializes in developing flow control technologies for heavy vehicles. Its systems dynamically modify aerodynamic behavior, reducing fuel consumption and enhancing maneuverability and safety.

LexxPluss

Seed Round in 2020
LexxPluss develops automated transport robots for logistics warehouses. Their solution combines autonomous driving technology with guided mode navigation, ensuring accuracy even in challenging environments. The company focuses on cost-effectiveness, safety analysis, and user experience to enable efficient automation of labor-intensive tasks.

Pushme

Convertible Note in 2019
Pushme Inc., founded in 2016 and headquartered in Bath, United Kingdom, specializes in manufacturing swappable batteries for bicycles. The company aims to enhance urban mobility by addressing the challenges of charging electric vehicles, which can be cumbersome and costly. Pushme's innovative network of battery swap stations allows local merchants to sell energy, providing cyclists with instant recharging options throughout the city. This approach not only facilitates the use of small, shareable electric vehicles but also promotes a more sustainable mode of transportation. By integrating technology that enables cyclists to convert their pedaling force into electricity, Pushme empowers users to manage their energy costs effectively while reducing cycling fatigue, particularly on long or uphill routes. As a subsidiary of Tier Mobility GmbH, Pushme is part of a broader movement towards sustainable urban mobility solutions.

Pushme

Seed Round in 2019
Pushme Inc., founded in 2016 and headquartered in Bath, United Kingdom, specializes in manufacturing swappable batteries for bicycles. The company aims to enhance urban mobility by addressing the challenges of charging electric vehicles, which can be cumbersome and costly. Pushme's innovative network of battery swap stations allows local merchants to sell energy, providing cyclists with instant recharging options throughout the city. This approach not only facilitates the use of small, shareable electric vehicles but also promotes a more sustainable mode of transportation. By integrating technology that enables cyclists to convert their pedaling force into electricity, Pushme empowers users to manage their energy costs effectively while reducing cycling fatigue, particularly on long or uphill routes. As a subsidiary of Tier Mobility GmbH, Pushme is part of a broader movement towards sustainable urban mobility solutions.

Pushme

Seed Round in 2018
Pushme Inc., founded in 2016 and headquartered in Bath, United Kingdom, specializes in manufacturing swappable batteries for bicycles. The company aims to enhance urban mobility by addressing the challenges of charging electric vehicles, which can be cumbersome and costly. Pushme's innovative network of battery swap stations allows local merchants to sell energy, providing cyclists with instant recharging options throughout the city. This approach not only facilitates the use of small, shareable electric vehicles but also promotes a more sustainable mode of transportation. By integrating technology that enables cyclists to convert their pedaling force into electricity, Pushme empowers users to manage their energy costs effectively while reducing cycling fatigue, particularly on long or uphill routes. As a subsidiary of Tier Mobility GmbH, Pushme is part of a broader movement towards sustainable urban mobility solutions.

Pushme

Convertible Note in 2018
Pushme Inc., founded in 2016 and headquartered in Bath, United Kingdom, specializes in manufacturing swappable batteries for bicycles. The company aims to enhance urban mobility by addressing the challenges of charging electric vehicles, which can be cumbersome and costly. Pushme's innovative network of battery swap stations allows local merchants to sell energy, providing cyclists with instant recharging options throughout the city. This approach not only facilitates the use of small, shareable electric vehicles but also promotes a more sustainable mode of transportation. By integrating technology that enables cyclists to convert their pedaling force into electricity, Pushme empowers users to manage their energy costs effectively while reducing cycling fatigue, particularly on long or uphill routes. As a subsidiary of Tier Mobility GmbH, Pushme is part of a broader movement towards sustainable urban mobility solutions.

Pushme

Seed Round in 2018
Pushme Inc., founded in 2016 and headquartered in Bath, United Kingdom, specializes in manufacturing swappable batteries for bicycles. The company aims to enhance urban mobility by addressing the challenges of charging electric vehicles, which can be cumbersome and costly. Pushme's innovative network of battery swap stations allows local merchants to sell energy, providing cyclists with instant recharging options throughout the city. This approach not only facilitates the use of small, shareable electric vehicles but also promotes a more sustainable mode of transportation. By integrating technology that enables cyclists to convert their pedaling force into electricity, Pushme empowers users to manage their energy costs effectively while reducing cycling fatigue, particularly on long or uphill routes. As a subsidiary of Tier Mobility GmbH, Pushme is part of a broader movement towards sustainable urban mobility solutions.
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