Australian hydrogen mobility firm H2X Global has secured a $57m investment agreement from US-based Verde Mobility, Inc. to accelerate vehicle deployment at home and overseas.
The agreement gives H2X the option to accept up to $57Mm from Verde between 2023 and 2024, with an initial investment of $3.4m with H2X able to access capital as it delivers on operational milestones.
It is hoped the backing from Verde will allow H2X to start delivering its hydrogen-powered vehicles to markets in Asia, India, Europe and Australia at a “competitive cost and on a commercial scale.”
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