Hy24 has acquired a majority stake in HysetCo through a €200 million funding round to accelerate hydrogen-based transportation solutions in France and promote decarbonization efforts.

Target Information

HysetCo, a pioneering company in integrated hydrogen mobility, has successfully raised nearly €200 million to enhance the decarbonization of transportation. This funding round was led by French investment firm Hy24, which has acquired a majority stake in HysetCo. Additionally, financial partners such as Eiffel Investment Group and RAISE Impact have collaborated in this initiative. HysetCo's innovative approach to hydrogen-powered mobility is demonstrating significant growth and transformative potential within the sector.

Industry Overview in France

The hydrogen mobility industry in France is experiencing rapid advancement as part of the broader push for sustainable transport solutions. The French government has established a robust regulatory framework that encourages research and development, investment, and commercialization of hydrogen technologies. As a key element in the transition to cleaner alternatives, hydrogen is recognized for its utility in heavy-duty applications and fleet operations.

French investment in hydrogen infrastructure and technology is critical, bolstered by various initiatives and financial backing aimed at reaching national emissions redu