Atawey announces a structuring fundraising of €22 million in capital to accelerate hydrogen mobility in Europe
Atawey, the French leader in hydrogen charging stations, announces a structuring fundraising of €22 million in capital to accelerate its industrialization and strengthen its position as a trusted partner for project leaders involved in hydrogen mobility in Europe.
With 51 stations deployed, two production sites, 150 employees and record growth in 2024, Atawey now has all the levers to meet growing demand, immediately support projects in France and Europe, and bring about efficient, sovereign and competitive hydrogen mobility.
Solid growth in a tense market
In 2024, Atawey recorded a growth of +113% in its turnover (18 million euros), driven by clear strategic choices: configurable solutions , extensive service offering , and strong customer base .
In a context of slower-than-expected growth in the hydrogen sector, this performance confirms the company’s operational resilience and financial robustness .
Atawey also benefits from good prospects thanks to solid commercial dynamics (30 million orders with proven potential), which demonstrates both the renewed confidence of historical customers and the interest of new customers, in France and internationally: Brétéché – Groupe Avia Picoty, GCK Energy, HYmpulsion, Hynamics and also major industrial groups.
Building on this momentum, Atawey now aims to:
- Positive EBITDA by the end of 2025 ;
- The strengthening of its European presence, after initial establishments in Italy, Spain and Benelux;
- The accelerated deployment of reliable, competitive and efficient hydrogen solutions.
A structuring fundraising to deliver more stations, faster, throughout Europe
This strategic round of funding was led by Starquest, a long-standing investor in Atawey, alongside the French government via France 2030, the industrial group ARMOR GROUP, an industrial consortium, and the Auvergne-Rhône-Alpes Regional Fund for the Future of Industry.
Concrete ambitions for 2025 and beyond
This fundraising gives Atawey the means to accelerate on three strategic axes:
- Strengthen its commercial presence in Europe to meet the growing demand for heavy mobility (transport of goods and people, specialized machinery, off-road applications and industry) with a competitive offer adapted to local regulatory frameworks;
- Expand its range of integrated services , by expanding its operating, maintenance, training and ecosystem development solutions, in order to support its customers throughout the life of the stations;
- Optimize its industrial chain, by structuring an operational excellence approach and increasing its production capacities at its sites in Chambéry and Grenoble.
Atawey thus confirms its position as a full-service player at the heart of reliable, competitive, and large-scale hydrogen mobility. The company intends to play a leading role in building the European ecosystem for low-carbon mobility.
Configurable solutions to build hydrogen mobility on a European scale
Hydrogen is a key lever for achieving carbon neutrality and ensuring Europe’s industrial autonomy.
Atawey is fully committed to this dynamic by deploying concrete, reliable, and immediately operational solutions. To support this transformation, the company is focusing on:
- Sovereign technologies designed and produced in France, adapted to the needs of regions and manufacturers;
- The Atawey Academy , a lever for internal and external training to develop the skills essential to the rise of the sector;
- Complete mastery of the fundamentals: maximum security, technological excellence fueled by continuous monitoring of regulatory and technical developments and optimal operational performance.
Trusted partners
This operation was carried out with the support of its advisors:
- Joffe & Associates (legal advice),
- Société Générale (M&A consultancy),
- Alpha Capital Partners (M&A advisory).
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Atawey announces a structuring fundraising of €22 million in capital to accelerate hydrogen mobility in Europe, source
