Hydrogen Vehicle Systems (HVS) has secured its first international investment from Qatar’s Excelledia Ventures Group, which specialises in AI software that “optimises business performance.”
The hydrogen-powered commercial vehicle manufacturer has been developing its AI Emissions Reduction Technology, which serves as an important part of its strategy by optimising efficiencies and reducing emissions.
Furthermore, the deal also enhances HVS’ eligibility for the £1bn ($1.2bn) Qatar-UK Climate Tech Fund, a joint initiative between the two countries designed to support and scale climate technology solutions.
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