Led · Series B · Jan 2025

H2SITE has developed an industrial technology platform for hydrogen production and separation and has demonstrated scalability with more than 50,000 operating hours for its membrane reactors and separators. The company has established advanced manufacturing capabilities in Europe and reports producing and recycling thousands of Pd-based membranes every year. H2SITE is entering a phase focused on executing large-scale industrial projects and commercializing its solutions globally. It plans manufacturing growth and international expansion, including entry into Asian markets, supported by new strategic investors. The firm also benefits from earlier support through the EIC Accelerator programme for its ammonia cracking technology and has identified a project at the Port of Antwerp to help establish hydrogen supply chains.

Participated · Series B · Apr 2024

HYSETCO is described as a pioneering startup in hydrogen mobility. The company operates in the environment and mobility sectors and follows a BtoC strategy. It was founded by Loïc Voisin. HYSETCO raised €200,000,000 in a Series B financing. Investors in the round are Hy24, Eiffel Investment Group, Raise Impact, Air Liquide Venture Capital and Total Energy Ventures. The raise was reported in Eldorado.co's weekly roundup of French Tech fundraises.

Led · Equity · Apr 2024

HysetCo develops and operates fleets of hydrogen-powered vehicles and builds hydrogen refueling stations to support intensive mobility uses. The company currently runs more than 800 hydrogen vehicles and reports roughly 90 million kilometers driven without emissions since 2021. It has attracted strategic industrial investors—Air Liquide, TotalEnergies and Toyota—and in a prior round nearly €200 million was raised with participation from Hy24. The new convertible loan from Uber is intended to accelerate deployment of hydrogen taxis within Uber’s taxi and Business Taxi services. Uber aims for HysetCo vehicles to make up one in five Business Taxi cars by year-end and for the fleet to reach 5,000 hydrogen taxis within five years. HysetCo is positioned as a leader in hydrogen mobility in France.

Led · Equity · Sep 2023

Stegra is an ailing Swedish startup focused on building the world’s biggest green-steel plant. The company has been seeking substantial new capital to complete construction of the facility and to remain in business. Reportedly, Stegra sought 15 billion SEK in fresh funding to stabilize operations and finish the project. A Wallenberg-led investor group committed 7–8 billion SEK as part of that financing, becoming the company’s largest shareholder. The funding was presented as a rescue package to ensure the plant’s completion. The article did not provide operational metrics such as revenue, users, or prior financing details.

Led · Equity · Mar 2022

H2 MOBILITY operates hydrogen refueling stations for road mobility and is described as the leader in Germany. The company has more than 90 stations in operation and aims to expand its network to 300 stations by 2030. H2 MOBILITY recently completed a financing round that raised €10 million. The round included participation from VINCI Concessions and the Clean H2 Infra Fund, which is managed by Hy24. VINCI Concessions has indicated it will support H2 MOBILITY's development ambitions through its subsidiary VINCI Highways. The transaction coincided with the closing of the Clean H2 Infra Fund, in which the VINCI group is a key industrial investor. H2 Mobility develops and runs a network of hydrogen filling stations to serve fuel-cell passenger cars, light commercial vehicles and increasingly trucks and buses. The company operates over 90 stations and has previously set up more than 50 hydrogen filling sites. It raised €110 million to upgrade existing stations and build new, higher-capacity stations to meet growing demand from commercial and intensive-use vehicles. Planned upgrades will expand more than 200 filling stations into large-scale facilities and target several highly frequented traffic corridors across Europe. H2 Mobility positions itself as a key player in the EU mobility transition and supports implementation of the Alternative Fuels Infrastructure Regulation (AFIR). Company leadership highlights preparing stations for the expected ramp-up of intensive-use vehicles from automakers.