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HysetCo raises almost €200 million to accelerate the deployment of its integrated hydrogen mobility solutions

Hy24, a French investment company dedicated to the global hydrogen economy, and HysetCo, a pioneer in integrated hydrogen mobility, announce that they have raised almost €200 million to accelerate the decarbonisation of urban transport. The funds have been raised from Hy24, which has become the majority shareholder in HysetCo, together with the financial players Eiffel Investment Group and Raise.

By developing an approach that is unique in the sector, coordinating the deployment of infrastructure and uses in parallel, HysetCo has created an integrated mobility offering that facilitates the transition to hydrogen mobility on a larger scale. In addition to easy access to its network of hydrogen distribution stations, HysetCo offers its customers a turnkey solution that incorporates all the services involved in using the vehicles, from provision to maintenance and repair, from insurance to training. It also has solid experience of operating vehicle fleets, and over the past three years has recorded annual growth of 100% in hydrogen mobility. HysetCo has already converted more than 500 professionals (mainly taxi drivers) to its solution, and is currently distributing hydrogen-powered vehicles.

Image of HysetCo

Press release https://shorturl.at/nqJT1

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