H2 Mobility raises €110mn funding
The investment will be used to upgrade the firm’s existing network and expand it
Hydrogen refuelling infrastructure firm H2 Mobility has raised €110mn ($122mn) to finance the expansion of its network. Hydrogen fund Hy24 will invest €70mn in the company, with industrial gases firms Air Liquide and Linde, vehicle manufacturers Daimler Truck and Hyundai, Austrian oil and gas group OMV, Shell and TotalEnergies also contributing to the capital raise. The investment will be used to upgrade the firm’s network of 90 stations and to expand that network to 300 stations by 2030. Of these, more than 200 will be large-scale refuelling stations capable of servicing long-haul hydrogen trucks. The expansion will be focused on several high-traffic transportation corridors across Germany
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