The heavy vehicle retrofit specialist has just raised its first round of funding amounting to €15 million, bringing its equity to €25 million (about $25 million).
This transaction happens at a time when the GCK group has recorded 500 orders, pre-orders or expressions of intent for vehicles to be retrofitted (whether electric or hydrogen). This is the case, among others, of l’Alpe d’Huez, a French south-eastern ski resort, desiring to convert its snow groomers; of the transport company Ginhoux wanting to retrofit its long-distance coaches; of the ‘Compagnie des bateaux du Lac d’Annecy’ to acquire its first electric boats; and of several local and regional authorities, such as the Auvergne Rhône-Alpes Region, where the GCK group is based.
The fundraising will thus enable the company to scale up mass production of heavy vehicles (buses, coaches, vans, trucks, boats, etc.) while pursuing other projects, such as the GCK e-Blast H2, the first 100% hydrogen competition vehicle, which will be driven by Philippe Croizon during the Dakar 2024.
In addition, this fundraising supports the external growth operations of the GCK group, starting with the acquisition of Solution F, based in the South of France, in July. Through this purchase the group will be able to develop and produce a new generation of electric and hydrogen combustion engines, which will be a considerable step forward in the race for clean vehicles.
Article written by Laurent Meillaud, translated by Logan King and reviewed by Marina Leite.