Electrify H2

Riga, Latvia

Amount Sought: $235,930 (€201,250 EUR)
Funding Wanted Details
Listed on Jun 16, 2023

Join the clean energy revolution with Electrify H2 AS, a daughter company of Latvia-based manufacturer of electric vehicles, Electrify SIA. Now Electrify SIA is expanding its expertise by establishing Electrify H2 AS to include the production of hydrogen-powered boats and vehicles, which will be built with the highest commitment to quality and sustainability.

Electrify H2 AS was founded with a vision to address the growing need for clean and efficient maritime transportation solutions. Our team identified a gap in the market for a unique product that combined the benefits of hydrogen fuel cells with the practicality of a boat. We aimed to create a vehicle that would meet the demands of an environmentally conscious society, providing environmental sustainability, cost-effectiveness, transportation efficiency, reduced noise pollution, and versatility. The rising demand for green boats, especially for coast guard, mini-ferry and port services needs, gave us added confidence in the potential for our product. By harnessing the power of hydrogen fuel cell technology, we aim to offer a sustainable and reliable solution to the challenges of today.

Our hydrogen-powered boat represents a step forward in the transition to clean, renewable energy, and we are committed to providing a high-quality, low-emission solution that positively impacts the environment while meeting the market's needs. The development of environmentally friendly maritime transport is supported by EU funds and provides benefits for clients who perform inland and coastal waterway maritime operations, whether for pleasure or in the line of duty.

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Financials (USD)

Amount Sought $235,930

Converted From EUR

Exchange Rate $1.17

Type Sought Equity

Use of Proceeds Growth Capital

Deal Terms

Offering Memorandum Or Prospectus Available? Available On Request

Willing To Pay Finders Fee? Available On Request

Willing to Co-Broker? Available On Request

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