Atawey, which has completed a €25 million round of financing from French investors (about $27 million), will be able to finance its development. It also announced the opening of its first office in Spain.
The least we can say about Atawey, which recently celebrated its 10th anniversary, is that it started the year by putting its foot down. The company has announced that it has raised more than €25 million euros (about $27 million) from several entities. These include the IDEC group, Bpifrance, Banque Populaire Auvergne Rhône Alpes, Crédit Agricole Alpes Développement and BNP Paribas. These funds will help the company to implement its strategic plan, recruit and finance the opening of a new factory on the Technolac site. It will have a capacity of 60 hydrogen refuelling stations per year by 2025.
Atawey is also aiming to expand internationally. The company plans to open a branch in Madrid in the first quarter to address the Spanish market.
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Article written by Laurent Meillaud and translated by Logan King
