Fundz

Eh Group Raises Over Chf5M To Advance Its Zero-Emission Fuel Cell Technology

PRIVATEJan 13, 2022

Amount Raised

CHF5 Million

Round Type

Funding Round

NyonSustainabilityFinancial ServicesMobile

Description

EH Group Engineering AG (“EH Group”), a developer and manufacturer of innovative low-cost and energy-dense fuel cells, today announced it had raised over CHF5m in Pre-Series A funding. AP Ventures, a significant investor in breakthrough hydrogen technologies, participated in the raise. Proceeds will go towards the installation of EH Group’s own proprietary stack assembly technology as well as to the continued development of the Company’s first commercial fuel cell stack products. EH Group will be looking to raise additional capital in 2022 to finance its progression to commercial-scale roll-out.

Who else raised in Sustainability and Financial Services around the same time

Companies in the same sectors as Eh Group that raised within 45 days of this round, from Fundz verified event records.

  • Banked raised $20M (Series A) on February 14, 2022.
  • Preston Hollow Community Capital raised an undisclosed amount (Funding Round) on February 22, 2022.
  • PrimaryBid raised $190M on February 21, 2022.
  • Earnipay raised $4M (Seed) on February 17, 2022.
  • Funding Societies raised $294M (Funding Round) on February 16, 2022.
  • Focus Graphite raised an undisclosed amount on February 14, 2022.

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Company Information

Company

Eh Group

Location

Nyon, Vaud, Switzerland

About

Founded in 2017, EH Group is focused on the design and production of its innovative fuel cell technology, across both stationary and mobile applications. Its high-performance fuel cell stacks and systems offer market leading power density. The implementation of a fully automated production process is aimed at widespread deployment of its fuel cell technology for a decarbonised future. EH Group is based in Switzerland. https://www.ehgroup.ch/ About AP Ventures AP Ventures is headquartered in London and manages venture capital funds with a global mandate to invest in pioneering new technologies and businesses which aim to solve global challenges such as renewable energy integration, resource scarcity and a growing population. AP Ventures has been investing in the hydrogen industry since 2013 and is recognized as a leading venture capital fund across this value chain. AP Ventures manages $395 million of assets on behalf of 12 LPs and presently has a portfolio of 17 technology companies across the hydrogen value chain. AP Ventures is led by Andrew Hinkly (Managing Partner) and Kevin Eggers (Partner). More info at: www.apventures.com

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