H2SYS in search of €800,000
The generators manufacturer has launched a crowdfunding campaign on the Wiseed platform. It wants to raise €800,000 by May (about $860,000).
The objective of the fundraising on Wiseed is to achieve “a bridge to a Series A of at least €5 million (around $5.4 million) in the second half of 2023.” H2SYS has partnered with a fundraiser specialised in DeepTech and has already initiated promissing contacts with industrialists and investment funds.
So far, the young company has reached 20% of its target.
The SME, which employs around 20 people, develops and produces hydrogen generators, a technology that focuses on the hybridisation of a fuel cell to generate electricity over a power range of 5 kVA to 375 kVA. In 2022, the company achieved a turnover of over €1.2 million (about $1.3 million) thanks to the sale of its first two products, BOXHY and THYTAN, to more than 50 customers in around ten countries worldwide.
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Article written by Laurent Meillaud and translated by Logan King
