Hydrogen Vehicle Systems seeks strategic partner

Hydrogen Vehicle Systems (HVS) is seeking a strategic partner to help fund its next stage of growth, following its success creating four prototype hydrogen-powered trucks and other innovations.

Despite financial challenges, including a £7 million debt hurdle, HVS remains focused on commercialisation and scaling its groundbreaking technologies, thanks to significant past investments and promising future collaborations.

HVS has completed four prototype hydrogen-powered trucks and developed two critical innovations: a refined hydrogen propulsion system for heavy goods vehicles (HGVs) and the patented AI-SEMAS™ carbon emission reduction technology. Together, these technologies offer a pathway to significant revenue generation and are poised to deliver tangible climate benefits.

The company now seeks a strategic partner to help fund its next stage of growth and bring its innovative solutions to market. 

Existing supporters of HVS underscore its potential: Euro Garages is forgiving £25 million in debt, and Qatar-based investors have contributed a £1 million bridge fund to facilitate HVS's listing on JP Jenkins, a renowned share trading platform. These endorsements highlight investor confidence in HVS’s strategic pivot from manufacturing to a lean, technology-driven, licensing-based model.

HVS is already on the cusp of revenue generation, with imminent licensing agreements in negotiation:

Hydrogen Propulsion System Licensing: HVS is in discussions with a Spanish automotive OEM to benefit from Spain’s €2 billion clean energy initiative, complementing similar massive deployments in Europe.

AI-SEMAS™ Technology Licensing: A joint venture in India with EVage and the Indian Trucking Association positions HVS for rapid deployment in a market with flexible regulatory conditions.

Furthermore, HVS could access additional funding through the European STEP Scale-Up Program and the Qatar-UK Climate Tech Fund, providing a solid runway for continued growth and technological refinement.

The company says that Barclays Climate Ventures has been identified as an ideal partner, with the potential to invest £10 million for a 25% equity stake. The proposal entails £7 million covering existing technology development debt, with the remaining funds supporting the further development and licensing of AI-SEMAS™ and hydrogen propulsion systems.