GeoPura, a global leader in zero emission power, proudly announces the successful completion of its inaugural debt funding round, securing £22 million to fund renewable fuel infrastructure and support the clean energy transition. This ground-breaking achievement marks the first major asset-backed debt funding announcement by a green hydrogen company in the UK.
This announcement builds on momentum from a £56m investment round in February 2024 and a £36m Series A funding round in February 2023, welcoming investment from Siemens Energy, General Motors Ventures, Barclays Sustainable Impact Capital, Swen Capital Partners, and the UK Infrastructure Bank. This brings total capital raised to £114m over the last 2 years.
Debt funding has been secured from a panel of bank and non-bank financial institutions including BNP Paribas Leasing Solutions, Close Brothers Asset Finance, HSBC UK and Siemens Financial Services. The proceeds will be used to recapitalise and fund GeoPura’s growing fleet of Hydrogen Power Units (HPUs) and key supporting infrastructure such as tube trailers.
The debt funding consists of fixed rate asset loans and hire purchase agreements. All funding partners have indicated strong interest in increasing their debt funding capacity as GeoPura scales.
Photo of GeoPura
Press release https://shorturl.at/r0LFd
