HysetCo has secured a financing round of almost €200m ($217m) to accelerate the decarbonisation of urban transport.
Hy24 led the financing round and will now join Air Liquide, TotalEnergies, Toyota France and Kouros as a majority shareholder of HysetCo. The financing was also backed by RAISE Impact and Eiffel Investment Group.
HysetCo is advancing its mobility as a service (MaaS) offering, allowing customers to have a single, integrated supplier and “facilitate a system-wide transition to hydrogen.” By 2025, the company expects to deploy a dozen new hydrogen stations to build upon the four it is currently operating in the Paris region.
The confirmation of financing for HysetCo via the Clean Hydrogen Infrastructure Fund has allowed Hy24 to align with its aim to invest in large-scale strategic projects and technologies.
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