VINCI Invests $15 Million in Hydrogen-Powered Taxi Operator Hype
- VINCI Concessions has invested €15 million in Hype, the developer behind France’s first integrated hydrogen mobility platform.
- VINCI Energies is to work with Hype as its exclusive partner for the construction of new hydrogen production and distribution infrastructure in the Greater Paris area.
- VINCI Concessions is to work with Hype to expand its network in France and around the world.
VINCI Concessions, a global player in transport infrastructure development and management, has announced the completion of a €15 million investment in Hype, the developer behind France’s first integrated hydrogen mobility platform and an operator of a large hydrogen taxi fleet. Alongside this investment, VINCI Concessions and Hype have entered into a strategic partnership to accelerate the deployment of hydrogen mobility infrastructure in France and around the world.
See related article: EU Innovation Fund Grants €108 Million to RWE’s Waste-To-Hydrogen Project FUREC
As part of this partnership, Hype will task VINCI Energies with building new hydrogen production and distribution infrastructure in the Greater Paris area. In total, 26 refuelling stations with locally produced hydrogen – including 20 with a capacity of 1 tonne per day – are expected to open for public use in the next three years.
Moreover, VINCI Concessions will leverage its resources to help Hype deploy its network of stations in other regions across France and further afield, including by drawing on VINCI Energies’ expertise in hydrogen.
The ESG News Editorial Team is comprised of veteran financial journalists and sustainability analysts dedicated to providing real-time, objective reporting on global ESG regulations, climate finance, and corporate governance. Our desk monitors daily developments from the SEC, IFRS, CSRD and international regulatory bodies to ensure our 1M+ readers receive accurate, data-driven insights into the evolving sustainable investment landscape. Follow the ESG News Editorial Team for expert reporting on global sustainability standards, ESG disclosures, and climate policy. Access over 10,000 investigative reports and real-time updates.
