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Announced

Completed

Hy24 led a €200m round in HysetCo.

Financials

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Transaction Value£171m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

Domestic

United States

Minority

Mobility

Acquisition

Private

Completed

hydrogen mobility

Private Equity

Friendly

Single Bidder

Synopsis

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Hy24, an investment platform focused on clean hydrogen infrastructure, led a €200m round in HysetCo, a hydrogen mobility start-up that is positioned both on the development of hydrogen refuelling stations and on the fleet, with participation from Eiffel Investment Group and Raise. “The success of this fundraising closely of €200m marks the start of a new era for HysetCo. An era where we will accelerate our expansion in France and Europe to contribute even more actively in a transition towards a concrete, rapid and efficient decarbonized society, and improve air quality. We are enthusiastic and proud of Hy24's trust, historical shareholders and co-investors associated in this operation, which validates our mission and our ambition, and allows us to amplify our capacity to deploy mobility hydrogen on a large scale. This key step is historic, for all of our employees, of our customers and our partners engaged in the development of our sector,” Loïc Voisin, HysetCo President.

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