As governments globally are implementing incentives and programmes to accelerate the adoption of zero-emission mobility, the funding will enable Hexagon Purus to meet growing demand for its hydrogen infrastructure and mobility and battery electric and vehicle integration solutions.
The three investors, which include Hy24 – the first investment manager fully dedicated to scaling up the hydrogen economy – and will bring access to knowledge and networks across the hydrogen and mobility value chains.
This latest investment comes despite a challenging financial landscape for clean tech and renewable companies. However, Hexagon Purus has bucked this trend; the company is on track to reach its revenue target of NOK 4 - 5 billion by approximately 2025 and it recently signed agreements with major players in the transport sector including Ford Trucks, Daimler and Hino.