ULEMCo to accelerate deployment of hydrogen mobility in Scotland, closes funding round of 500k pounds. ULEMCo, the UK hydrogen fuel pioneer, has announced the closure of a funding round of almost half a million pounds. The equity investment from Equity Gap and Scottish Enterprise will accelerate the growth of the company’s roll-out of hydrogen mobility solutions.
ULEMCo to accelerate deployment of hydrogen mobility in Scotland
ULEMCo has successfully converted large vehicles to run on hydrogen dual fuel, on hydrogen alone and in hydrogen fuel cells. The new funds will be used within the overall business plans to build ULEMCo’s capability to support customers in Scotland, where demand for the company’s technology is accelerating particularly fast. A number of cities across the nation appreciate the opportunity that hydrogen vehicle solutions provide to deliver practical routes to decarbonising their heavy duty utility vehicle fleets.
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Amanda Lyne, Managing Director of ULEMCo:
Our customers such as Aberdeen City Council and other public sector fleet operators in Scotland have been important in our recent rapid growth
“This investment will give us extra resources to widen our offer, and provide immediate practical routes to using green hydrogen as a transport fuel, something we know the Scottish government and its communities really understand. Creating demand for the use of hydrogen fuel now, enables investors to make the case for building a hydrogen infrastructure to deliver net zero emissions.”
Fraser Lusty, Director of Equity Gap:
There is a strong call for cleaner mobility in Scotland
“ULEMCo’s approach enables rapid deployment of hydrogen across utility fleets in the short term, and we believe it presents an ideal opportunity for our investors to support this important drive for cleaner air in our cities.”
ULEMCo Receives Investment Boost, April 19, 2021
