H2X secures $57m cornerstone investment to expand global growth


Australian hydrogen fuel cell vehicle company H2X Global (H2X) will accelerate the deployment of its vehicle range to customers in Asia, India, Australia and Europe after having received a cornerstone investment agreement from Verde Mobility (Verde) worth $57m.

Announced in early August, the equity financing deal will give H2X the option to accept up to $57m from Verde from 2023 to 2024, in addition to providing H2X with an initial investment of $3.4m.

The agreement will also finance the delivery of its $25.7m in firm vehicle orders while supporting the company’s planned listing on the London Stock Exchange.

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