HVS gets financial injection from Beehive Equity for hydrogen vehicle

HV Systems (HVS) has received a £5 million financial injection from Beehive Equity Limited, a subsidiary of EG Group (EG), for the production of an innovative hydrogen vehicle.

HVS, which has received numerous awards, will now move its revolutionary hydrogen vehicle concepts through prototyping and demonstration, allowing manufacture to begin.

With the EG investment, HVS intends to take an important step toward a net-zero future for all, creating a safer living environment with cleaner air and calmer roads. The number of vehicles HVS wants to create by 2030 will avoid the same amount of carbon emissions that Heathrow airport emits annually.

HVS was advised by Turquoise, a clean technology merchant bank, MacRoberts, a respected Scottish law company, N4 Advisors, and Mike Ward of The FD Centre.