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EH Group raises $5m to support commercial development of its hydrogen fuel cell technology

EH Group raises $5m to support commercial development of its hydrogen fuel cell technology

EH Group has revealed today (Jan 13) CHF5m ($5.48m) in Pre-Series A funding which will enable the company to expand production of its breakthrough hydrogen technologies and develop commercial fuel cell stack products.

The funds will additionally be used by EH Group to support the installation of its own proprietary stack assembly technology.

EH Group has developed proprietary technology to help address different constraints, with the aim of creating energy dense fuel cells that can be produced at a scale and cost to competitively meet global demand across mobile and stationary applications.

Christopher Brandon, co-founder and Director of EH Group, said, “We are delighted to have a marquee investor in AP Ventures join us on our ambitious journey. Their longstanding pedigree in investing across the hydrogen value chain is second to none.

“We look forward to capturing synergies and deepening our relationship as we work to accelerate our fuel cell deployments.”

Andrew Hinkly, Managing Partner at AP Ventures, said, “We are excited to invest in, and support Mardit, Chris and the rest of the team at EH Group.

“We believe this technology has the potential to be game-changing, and targets two important challenges for making fuel cells and hydrogen, as a global decarbonisation vector, more competitive.”

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