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.

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