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Announced

Completed

Fifth Wall led a $198m Series B round in Electric Hydrogen.

Financials

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Transaction Value£161m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private Equity

United States

Electronic Components and Equipment

Venture Capital

Private

Completed

Single Bidder

Minority

Friendly

hydrogen systems

Cross Border

Synopsis

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Fifth Wall, a venture capital firm, led a $198m Series B round in Electric Hydrogen, a decarbonization company, with participation from S2G Ventures, Silicon Valley Bank, Trinity Capital, Amazon’s Climate Pledge Fund, Cosan, Equinor Ventures, Honeywell, Mitsubishi Heavy Industries, Rio Tinto, Breakthrough Energy Ventures, Capricorn Partners, Energy Impact Partners, and Prelude Ventures. “This round represents more than an investment in a company. It’s the biggest step yet toward meeting the urgent challenge of decarbonizing hard-to-decarbonize industries that are both essential to modern life and huge sources of GHG emissions. We’ve been searching for the most promising answers to that challenge and found one in EH2. Their team, cross-disciplinary expertise and visionary technology place them at the forefront of the race to make deep cuts in industrial emissions with compelling economics," Peter Gajdoš, Fifth Wall Partner.

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