12:07 uur 13-01-2022

EH Group haalt meer dan CHF5 miljoen op om zijn emissievrije brandstofceltechnologie te verbeteren

NYON, Zwitserland–(BUSINESS WIRE)– EH Group Engineering AG (“EH Group”), een ontwikkelaar en fabrikant van innovatieve, goedkope en energierijke brandstofcellen, heeft vandaag aangekondigd dat het meer dan CHF5 miljoen heeft opgehaald in Pre-Series A-financiering. AP Ventures, een belangrijke investeerder in baanbrekende waterstoftechnologieën, nam deel aan de verhoging. De opbrengst gaat naar de installatie van EH Group’s eigen propriëtaire stackassemblagetechnologie en naar de verdere ontwikkeling van de eerste commerciële brandstofcelstackproducten van het bedrijf. EH Group zal in 2022 op zoek zijn naar extra kapitaal om de voortgang naar de uitrol op commerciële schaal te financieren.

Waterstofbrandstofcellen worden steeds meer gezien als een aantrekkelijke technologie om grote delen van de industrie, met name zwaar transport, koolstofarm te maken. Twee belangrijke belemmeringen voor een wijdverbreide invoering van brandstofcellen zijn de kosten en de productieschaal van brandstofcelsystemen. EH Group heeft gepatenteerde technologie ontwikkeld om aan beide beperkingen te helpen, met als doel het creëren van energierijke brandstofcellen die op een schaal en tegen een kostprijs kunnen worden geproduceerd om concurrerend te voldoen aan de wereldwijde vraag voor mobiele en stationaire toepassingen.

EH Group Raises Over CHF5m to Advance Its Zero-Emission Fuel Cell Technology

NYON, Switzerland–(BUSINESS WIRE)– EH Group Engineering AG (“EH Group”), a developer and manufacturer of innovative low-cost and energy-dense fuel cells, today announced it had raised over CHF5m in Pre-Series A funding. AP Ventures, a significant investor in breakthrough hydrogen technologies, participated in the raise. Proceeds will go towards the installation of EH Group’s own proprietary stack assembly technology as well as to the continued development of the Company’s first commercial fuel cell stack products. EH Group will be looking to raise additional capital in 2022 to finance its progression to commercial-scale roll-out.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220113005438/en/

EH Fuel Cell Stack

EH Fuel Cell Stack

Hydrogen fuel cells are increasingly being viewed as an attractive technology to decarbonise large parts of industry, particularly heavy-duty transport. Two key barriers to more widespread adoption of fuel cells are the costs and production scale of fuel cell systems. EH Group has developed proprietary technology to help address both these 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.

“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”, says Christopher Brandon at EH Group.

“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”, says Andrew Hinkly, Managing Partner at AP Ventures.

About EH Group

Founded in 2017, EH Group is focused on the design and production of its innovative fuel cell technology, across both stationary and mobile applications. Its high-performance fuel cell stacks and systems offer market leading power density. The implementation of a fully automated production process is aimed at widespread deployment of its fuel cell technology for a decarbonised future. EH Group is based in Switzerland. https://www.ehgroup.ch/

About AP Ventures

AP Ventures is headquartered in London and manages venture capital funds with a global mandate to invest in pioneering new technologies and businesses which aim to solve global challenges such as renewable energy integration, resource scarcity and a growing population. AP Ventures has been investing in the hydrogen industry since 2013 and is recognized as a leading venture capital fund across this value chain. AP Ventures manages $395 million of assets on behalf of 12 LPs and presently has a portfolio of 17 technology companies across the hydrogen value chain. AP Ventures is led by Andrew Hinkly (Managing Partner) and Kevin Eggers (Partner). More info at: www.apventures.com


For further information contact:

Christopher Brandon, Co-Founder


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