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riversimple-raises-1-5m-to-drive-hydrogen-mobility
© Riversimple
riversimple-raises-1-5m-to-drive-hydrogen-mobility
© Riversimple

Riversimple raises £1.5m to drive hydrogen mobility

Riversimple has raised £1.5m ($2m) to power customer trials of its hydrogen-powered vehicles.

The Wales-based company on Thursday (July 22) said that it has secured a £580,000 ($805,000) investment from a syndicate of Welsh business angels led by lead investor Andre Diplock.

It also unveiled that match funding of £250,00 will come from the Wales Angel Co-Investment Fund, which is managed by the Development Bank of Wales.

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