Atawey raises €25 million


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.

Do you want to learn more about the Atawey company? Then our latest 2 articles on the French company should interest you. You can read them here and there

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Article written by Laurent Meillaud and translated by Logan King 

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About the author

Logan King

Logan King

After an unusual career (3 years in the French army followed by a 3-year degree in Applied Foreign Languages), it was my passion for environmental issues that finally caught up with me and led me to join Seiya Consulting and H2 Today in June 2022. First as an end-of-study internship, then as Marketing & Communication Manager and translator at Hydrogen Today.

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