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VINCI Concessions invests €15 million in Hype

Published by
Global Hydrogen Review,

VINCI Concessions, a global player in transport infrastructure development and management, has announced the completion of a €15 million investment in Hype, the developer behind France’s first integrated hydrogen mobility platform and an operator of a large hydrogen taxi fleet. Alongside this investment, VINCI Concessions and Hype have entered into a strategic partnership to accelerate the deployment of hydrogen mobility infrastructure in France and around the world.

As part of this partnership, Hype will task VINCI Energies with building new hydrogen production and distribution infrastructure in the Greater Paris area. In total, 26 refuelling stations are expected to open for public use in the next three years. 20 of them will have a 1 tpd refuelling capacity.

Moreover, VINCI Concessions will leverage their resources to help Hype deploy its network of stations in other regions across France and further afield, including by drawing on VINCI Energies’ expertise in hydrogen.

De Gaulle Fleurance assisted VINCI Concessions in the context of this strategic partnership, on the transactional aspects (Sylvie Perrin, Partner, David Faravelon, Senior Counsel, and Anne Kuhanathan, Lawyer), contractual aspects (Lionel Attal, Senior Counsel) and regulatory aspects (Sophie Weill, Senior Counsel, and Jean-Philippe Minaud, Lawyer).

“We are pleased to have assisted VINCI Concessions in this strategic partnership, which will contribute fully to the global implementation of green hydrogen", explain Sylvie Perrin, Lionel Attal, and David Faravelon. "This partnership once again enables VINCI Concessions, a leading industrial investor, to support an innovative start-up to make mobility ever more sustainable and efficient.”

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