Hopium raises €6 million

On August 25, the French manufacturer of high-end hydrogen-powered cars (Hopium), which had already raised €5 million (about $5.9 million) last February 4, has announced a new capital increase amounting to €6 million (about $7.1 million). It was carried out with a limited circle of investors.

The transaction resulted in the issue of 272,728 new shares for a share price of 22€ (about $26).

“Hopium is determined to continue the development of France’s first hydrogen-powered premium sedan,” says the CEO Olivier Lombard. “Last June 16, the introduction of the Alpha 0 prototype, which was completed in record time, is an essential first milestone in our roadmap which should lead to the future marketing of the Hopium Machina. We are proud to share this ambitious project with our teams, our business partners as well as our shareholders, whom we thank warmly for their trust” he concludes.

Article written by Laurent Meillaud and translated by Logan King.

25/08/2021

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About the author

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.