HSBC has launched its Innovation Banking in Hong Kong, marking a key development for venture-backed businesses, with a notable USD 33 million debt facility extended to Ampd Energy, aimed at promoting global expansion and reducing carbon emissions.
Information on the Target
HSBC has officially launched its Innovation Banking segment in Hong Kong, designed to cater to the unique requirements of venture-backed businesses and their investors. This initiative signifies a pivotal move in supporting the burgeoning startup landscape both in Hong Kong and the broader region, contributing vital resources to the funding ecosystem.
As part of this launch, HSBC facilitated a significant debt facility worth USD 33 million for Ampd Energy, a climate technology firm known for its innovative mobile battery generation systems. This financial support is expected to accelerate Ampd's global expansion and aid its mission to drastically cut carbon emissions in various sectors.
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Industry Overview in Hong Kong
The innovation ecosystem in Hong Kong has witnessed remarkable growth, particularly in light of opportunities presented by the Greater Bay Area initiative. The number of startups in the city surged from ar
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HSBC
invested in
Ampd Energy
in 2023
in a Venture Debt deal
Disclosed details
Transaction Size: $33M