Borit NV (Borit), a supplier of key components in hydrogen fuel cells and electrolysers, has closed a €7.5m equity fundraising, of which a first tranche of €4.8m has been fully funded.
The investment will support the further up-scaling of Borit’s industrial capabilities built around its proprietary Hydrogate technology, with a strong focus on the fuel cell and electrolyser markets.
The round of funding is subscribed by Borit’s main shareholder Finindus and a new investor, PMV Tina Fund.
Luc Wanten, CEO at Borit NV, stated, “Borit has realised an impressive growth since its last funding round, fuelled predominantly by many international customers active in fuel cells and electrolysers, but also reaching-out to an increasing diversified number of users of high-precision thin sheet forming.”
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