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AP Ventures welcomes Sumitomo as new investor

AP Ventures welcomes Sumitomo as new investor

AP Ventures has named Hydrogen Council member Sumitomo Corporation as a Limited Partner in its AP Ventures Fund II.

In welcoming Sumitomo Corporation as its sixth Limited Partner, AP Ventures and its portfolio companies will have a strengthened focus on developing the hydrogen economy.

Commenting on the investment by Sumitomo Corporation, Andrew Hinkly, Managing Partner of AP Ventures, said, “We are delighted to welcome Sumitomo Corporation as an investor in Fund II. The development of the hydrogen economy is gaining momentum and we are excited to have the opportunity to work in partnership with a team that has a strong focus on this area.”

“Our strategic investors’ expertise together with our experience and industry network allows AP Ventures to provide its portfolio companies with a unique combination of investment and development opportunities.”

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