EH Group Engineering, a developer and manufacturer of low-cost fuel cell technology, announced that it has secured CHF5M (approx €4.7M) in a pre-Series A round of funding. London-headquartered AP Ventures, a significant investor in breakthrough hydrogen technologies, participated in the round.
Fund utilisation
The company claims it will use the funding to install its own proprietary stack assembly technology and accelerate the development of its first commercial fuel cell stack products.