Australian hydrogen fuel cell vehicle company H2X Global (H2X) will accelerate the deployment of its vehicle range to customers in Asia, India, Australia and Europe after having received a cornerstone investment agreement from Verde Mobility (Verde) worth $57m.
Announced in early August, the equity financing deal will give H2X the option to accept up to $57m from Verde from 2023 to 2024, in addition to providing H2X with an initial investment of $3.4m.
The agreement will also finance the delivery of its $25.7m in firm vehicle orders while supporting the company’s planned listing on the London Stock Exchange.
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