GeoPura has secured £22m ($29m) to manufacture and deploy over 3,600 hydrogen power units (HPUs) by 2033 as part of a renewable fuel infrastructure expansion.
The latest investment round represents the “first major” asset-backed debt funding announcement by a green hydrogen company in the UK. The debt funding was secured from a panel of bank and non-bank financial institutions including BNP Paribas Leasing Solutions, HSBC UK and Siemens Financial Services.
The financing round follows £56m ($75m) in February 2024 and £36m ($48m) in Series A funding in February 2023, bringing its total capital raised to £114m ($152m) over the last two years.
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