Australian-based hydrogen conglomerate, United H2 Limited (UHL), is opening its doors to external investment through a pre-IPO capital raise via VCEX, to offer investors access to 37 hydrogen projects and companies.
Having acted as a key driver behind companies such as H2X, Infinite Green Energy, Patriot Hydrogen, Poseidon Marine H2, Aviation H2 and H2i Technologies, UHL has said it will reinvest funds raised back into its group of companies, as part of its strategy to increase its portfolio valuation prior to a planned IPO later this year (2023).
According to UHL, its current $20m valuation has only been attributed to nine of the 37 companies and projects it holds equity in. UHL has said it intends to increase its portfolio to over 75 businesses in 2023.
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