Accelerating Hydrogen Mobility: HysetCo's €200M Funding Boost
April 13, 2024, 9:30 am
HysetCo, a key player in the hydrogen mobility sector, has secured a substantial €200 million in funding to propel the deployment of clean hydrogen solutions for urban transport decarbonization. This funding, led by Hy24, marks a significant milestone in the quest for sustainable transportation solutions.
HysetCo's innovative approach to hydrogen mobility involves a comprehensive system that integrates hydrogen distribution stations with vehicle rental services. With a fleet of over 500 hydrogen vehicles and nearly 30 tonnes of hydrogen distributed monthly, HysetCo is making significant strides in promoting the adoption of hydrogen-powered transportation.
The partnership between HysetCo and Hy24 underscores a shared commitment to investing in clean hydrogen projects and technologies to achieve decarbonization goals. By leveraging expertise in the sector and a broad ecosystem of partners, Hy24's Clean Hydrogen Infrastructure Fund aims to accelerate the scaling up of hydrogen solutions across the value chain.
Hydrogen offers a compelling solution for decarbonizing various transportation sectors, including intensive use, heavy transport, captive fleets, and light commercial vehicles. With zero emissions, silent operation, quick refueling, and an extended driving range of up to 600 km, hydrogen presents a sustainable alternative for cleaner transportation.
Pierre-Etienne Franc, co-founder and CEO of Hy24, emphasizes the importance of transitioning to hybrid electric and hydrogen models, especially for intensive and heavy-duty engines. This transition not only offers the benefits of electric power but also ensures a seamless user experience, driving the adoption of cleaner transportation solutions.
The collaboration between HysetCo and Hy24 is poised to lead the transformative effort towards decarbonizing transport systems. With a focus on replicable and scalable models, these companies are well-positioned to drive the adoption of cleaner and more efficient transport systems in major cities.
The funding secured by HysetCo represents a significant step towards accelerating the deployment of hydrogen mobility solutions. As the world looks towards sustainable transportation options, investments in clean hydrogen projects are crucial for achieving a low-carbon society while preserving air quality. With the support of investors like Hy24, HysetCo is poised to make a lasting impact on the future of urban transport decarbonization.
HysetCo's innovative approach to hydrogen mobility involves a comprehensive system that integrates hydrogen distribution stations with vehicle rental services. With a fleet of over 500 hydrogen vehicles and nearly 30 tonnes of hydrogen distributed monthly, HysetCo is making significant strides in promoting the adoption of hydrogen-powered transportation.
The partnership between HysetCo and Hy24 underscores a shared commitment to investing in clean hydrogen projects and technologies to achieve decarbonization goals. By leveraging expertise in the sector and a broad ecosystem of partners, Hy24's Clean Hydrogen Infrastructure Fund aims to accelerate the scaling up of hydrogen solutions across the value chain.
Hydrogen offers a compelling solution for decarbonizing various transportation sectors, including intensive use, heavy transport, captive fleets, and light commercial vehicles. With zero emissions, silent operation, quick refueling, and an extended driving range of up to 600 km, hydrogen presents a sustainable alternative for cleaner transportation.
Pierre-Etienne Franc, co-founder and CEO of Hy24, emphasizes the importance of transitioning to hybrid electric and hydrogen models, especially for intensive and heavy-duty engines. This transition not only offers the benefits of electric power but also ensures a seamless user experience, driving the adoption of cleaner transportation solutions.
The collaboration between HysetCo and Hy24 is poised to lead the transformative effort towards decarbonizing transport systems. With a focus on replicable and scalable models, these companies are well-positioned to drive the adoption of cleaner and more efficient transport systems in major cities.
The funding secured by HysetCo represents a significant step towards accelerating the deployment of hydrogen mobility solutions. As the world looks towards sustainable transportation options, investments in clean hydrogen projects are crucial for achieving a low-carbon society while preserving air quality. With the support of investors like Hy24, HysetCo is poised to make a lasting impact on the future of urban transport decarbonization.