Westport Fuel Systems

What Westport Fuel Systems does

Westport Fuel Systems Inc. is a Vancouver-headquartered, publicly traded (Nasdaq and TSX: WPRT) clean-fuel technology company founded in 1995 that develops, manufactures, and supplies advanced alternative fuel systems and components for the global automotive and heavy-duty transport sectors. Its core technology is HPDI (High Pressure Direct Injection), enabling hydrogen and natural gas combustion in internal combustion engines with diesel-equivalent performance, alongside a full component portfolio covering LPG, CNG, LNG, RNG, and hydrogen systems, including injectors, regulators, valves, filters, multivalves, and storage tanks. The company operates a dual business model: equity-method participation in the Cespira joint venture with Volvo Group, which develops HPDI hydrogen fuel systems for Volvo's 13-litre heavy-duty engine platform targeting European commercial launch before 2030, and direct manufacturing of high-pressure controls and systems at facilities in Cambridge, Ontario and Changzhou, China.

Following a major restructuring completed on July 30, 2025, Westport sold its Italian subsidiary Westport Fuel Systems Italia S.r.l. — including the BRC, OMVL, Zavoli, Prins, Stako, TA Gas Technologies, and Valtek aftermarket brands across 70 countries — to Heliaca Investments Coöperatief U.A. for $62.5 million in net proceeds from the Light-Duty segment sale, and concurrently divested the broader Italian operating entity. The parent company now concentrates on heavy-duty hydrogen technology via Cespira and high-pressure controls manufacturing, while managing legacy OEM relationships including a tri-fuel HEV/LPG partnership with Kia (Niro Tri-Fuel and Sportage Tri-Fuel). FY2025 consolidated revenue was $23.3 million, down 43% year-over-year, with a $61.6 million net loss; Q1 2026 revenue of $2.3M declined 69% YoY while Cespira JV revenue grew 33% YoY to $22.2M on an equity-method basis. The company raised $10 million in a registered direct offering in June 2026 to fund working capital while navigating the post-restructuring transition.

Name

Westport Fuel Systems

Legal name

Westport Fuel Systems Inc.

Website

https://wfsinc.com

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Westport Fuel Systems Inc. is a Vancouver-based clean-fuel technology company developing HPDI hydrogen and natural gas fuel systems for heavy-duty trucks via the Cespira joint venture with Volvo Group, and high-pressure fuel components for OEM customers globally following a 2025 divestiture of its Light-Duty and Italian aftermarket operations.

Ownership category

akta.pro rank

Product category

Alternative Fuel Systems & Components

NAICS

Other Engine Equipment Manufacturing (333618), Motor Vehicle Gasoline Engine and Engine Parts Manufacturing (33631)

SIC

Engines & Turbines (3510)

akta.pro primary industry

Truck & Commercial Vehicle Powertrain Manufacturing (Diesel/CNG/Hydrogen/Hybrid) (IMACABAJ)

akta.pro secondary industries

Passenger Vehicle Fuel System Manufacturing (ICE) (IMACAAAH), Hydrogen & Derivative Fuels for Industry (H₂, Ammonia, Methanol) (EUABAJAC)

Keywords

• Alternative fuel systems
• LPG CNG LNG components
• Hydrogen fuel injection
• Automotive OEM fuel systems
• Heavy-duty transport emissions

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Alternative Fuel Systems and Components Sales: Sale of LPG, CNG, LNG, and hydrogen fuel systems and components to OEM, DOEM, and aftermarket customers. Includes electronic fuel injection systems, regulators, valves, filters, multivalves, and fuel storage solutions.
2. Engineering Services: Higher-margin engineering services provided during product development and integration phases, contributing to gross margin improvement (31% in Q3 2025).
3. Cespira Joint Venture Revenue (Equity Method): Westport holds equity interest in Cespira joint venture with Volvo Group, which generates revenue from HPDI fuel system sales to Volvo and other OEMs. Cespira reported $22.2 million Q1 2026 revenue (33% YoY growth).

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Westport Fuel Systems develops, manufactures, and supplies advanced alternative fuel systems and components — LPG, CNG, LNG, RNG (biomethane), and Hydrogen (H2) — for OEM, DOEM (Delayed OEM), and aftermarket customers in the automotive and heavy-duty transport sectors. Its proprietary HPDI (High Pressure Direct Injection) technology enables hydrogen and natural gas combustion in internal combustion engines, delivering diesel-equivalent performance with substantially reduced CO2 emissions. The company sells branded fuel system components (injectors, regulators, valves, multivalves, filters, fuel storage) and provides engineering integration services, with HPDI hydrogen technology for heavy-duty trucks developed through the Cespira joint venture with Volvo Group.

Product overview

Westport Fuel Systems is a global leader in alternative fuel solutions, developing and supplying advanced LPG, CNG, LNG, RNG (Renewable Natural Gas/biomethane), and Hydrogen (H2) systems and components. The company operates through multiple sub-brands including BRC Gas Equipment, OMVL, Zavoli, Prins, Stako, Valtek, and TA Gas Technologies, serving OEM, DOEM, and Aftermarket (AM) sectors worldwide. The core product portfolio includes HPDI (High Pressure Direct Injection) fuel system technology for hydrogen combustion in internal combustion engines, along with a comprehensive range of components: Electronics, Filters, CNG Regulators, H2/CNG Valves, H2/LPG/CNG Injectors, LPG and CNG Fuel Storage, LPG Multivalve, LPG Regulators, Switch, and Valve Protection. The company operates through joint venture Cespira with Volvo Group for hydrogen fuel systems, and has undergone ownership separation in 2025 with Westport Fuel Systems Italia now under Heliaca Investments control while the Canadian parent Westport Inc. focuses on heavy-duty transport via Cespira.

Differentiator

Problem solved

Functional benefit

Brands

• BRC Gas Equipment: LPG and natural gas conversion systems brand
• OMVL
• Zavoli
• Prins
• Stako
• HPDI

Products and services

• LPG Systems and Components Liquefied Petroleum Gas fuel systems and components including multivalves, regulators, and converters for automotive applications, sold to OEMs, DOEMs, and aftermarket customers across 70 countries via 10 brand subsidiaries.
• CNG (Compressed Natural Gas) Systems Compressed natural gas fuel systems including regulators, valves, injectors, and storage solutions for automotive and transport vehicles.
• LNG (Liquefied Natural Gas) Systems Liquefied natural gas fuel systems for heavy-duty transport applications, with proven deployment in over 10,000 Volvo LNG trucks worldwide.
• RNG (Renewable Natural Gas) Solutions Renewable natural gas (biomethane) fuel systems supporting sustainable transportation.
• Hydrogen (H2) Systems Hydrogen fuel systems for zero-emission transportation, including storage and delivery components, and HPDI direct injection technology developed through the Cespira joint venture with Volvo Group.
• HPDI (High Pressure Direct Injection) Fuel System Proprietary hydrogen fuel system technology enabling direct injection of hydrogen into internal combustion engines, delivering diesel-equivalent performance with zero-carbon emissions and tolerance to varying hydrogen fuel compositions. Designed for Volvo's 13-litre hydrogen-powered heavy-duty engine platform.

Quantifiable outcome

• Nearly 100% CO2 reduction compared to diesel with hydrogen HPDI technology
• +2 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Volvo Group (via Cespira JV)coreStrategic or Co-development Partner · 18 June 2026Cespira, the joint venture between Westport Fuel Systems and Volvo Group, signed a development agreement to finalize integration and commercialization of HPDI hydrogen fuel system technology for Volvo's 13-litre hydrogen-powered engine platform. On-road testing is underway with European commercial launch targeted before 2030. The technology enables direct injection of hydrogen into internal combustion engines, delivering diesel-equivalent performance with zero-carbon emissions.
• Landi RenzominorStrategic or Co-development Partner · 30 April 2026Strategic agreement for value creation in sustainable mobility signed between Westport Fuel Systems Italia and Landi Renzo, another player in alternative fuel systems.
• KiacoreStrategic or Co-development PartnerHistoric partnership developing tri-fuel technology combining HEV powertrain with LPG fuel capability. Kia Niro Tri-Fuel represents first OEM HEV and LPG vehicle, featuring Westport/BRC integrated fuel system technology.
• Second OEM Customer (Truck Trials)minorStrategic or Co-development PartnerCespira joint venture added a second OEM customer through truck trial involving several hundred component sets, advancing potential commercialization opportunities alongside Volvo partnership.
• IrcongasminorChannel Partner/ Reseller/ DistributorExclusive distributor for Spain presenting OMVL LPG conversion solutions at Motortec Madrid 2025 trade show. OMVL is an Italian brand leading in LPG system design and manufacturing.
• Politecnico di TorinominorOthersAcademic partnership for 'All Around the Factory' innovation event hosted by Westport Fuel Systems Italia in collaboration with Politecnico di Torino and Confindustria Cuneo.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Denso: Major automotive component manufacturer producing fuel injectors, engine management electronics, and hydrogen system components. Comparable to Westport as an OEM-embedded supplier of fuel delivery and powertrain control technology.
• Continental: Automotive Tier-1 supplier of fuel injection systems, injectors, and pressure regulators for ICE and alternative-fuel powertrains. Comparable to Westport's LPG/CNG component portfolio.
• Bosch: Global automotive Tier-1 supplier of fuel injection systems, engine management components, and hydrogen powertrain solutions. Direct comparable as a fuel-system and injector manufacturer serving OEM automotive customers across ICE, hybrid, and emerging hydrogen applications.

Regional players

• Clean Energy Fuels: Largest US provider of RNG and natural gas vehicle fuel, with relevant exposure to heavy-duty LNG truck deployment. Comparable to Westport as an enabler of natural-gas heavy-duty transport, though focused downstream on fuel supply rather than hardware.

Emerging players

• Hexagon Purus: Manufacturer of hydrogen Type 4 high-pressure cylinders and storage systems for trucks and buses. Comparable to Westport's H2 fuel storage component offering, particularly relevant for heavy-duty vehicle applications.
• Ballard Power Systems: Leading PEM fuel cell manufacturer for heavy-duty mobility including trucks and buses. Comparable to Westport as a competing hydrogen powertrain technology targeting the same zero-emission heavy-duty regulatory slot.
• Quantum Fuel Systems: Alternative fuel systems manufacturer producing compressed and liquefied gas fuel storage and delivery systems for automotive and heavy-duty applications. Comparable niche player in alternative fuel system components.

Direct peers

• Chart Industries: Manufacturer of cryogenic equipment for LNG and liquid hydrogen storage and transport. Comparable to Westport's LNG and hydrogen storage component business serving heavy-duty transport and infrastructure.
• Cummins: Heavy-duty engine and powertrain manufacturer actively developing hydrogen combustion engines as a zero-emission alternative for long-haul trucking. Directly comparable to Westport/Cespira's HPDI hydrogen strategy for Volvo's 13L platform.
• Landi Renzo: Italian direct competitor and recent strategic partner of Westport Italia, focused on LPG and CNG fuel systems for OEM and aftermarket automotive applications. Closest peer in the light-duty alternative fuel system market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/westportdotcom
• LinkedInlinkedin.com/company/westport-fuel-systems

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Westport Fuel Systems