Hopium has reached an agreement with the investment company LDA Capital with a view to setting up an equity financing line which should enable the hydrogen vehicle manufacturer to raise a maximum of 50 million euros from three years.
Hopium obtains a line of financing for a maximum of 50 million euros
Hopium obtained the establishment of an equity financing line. Following an agreement with the investment company LDA Capital, the French manufacturer of hydrogen vehicles will issue new shares over three years, for a maximum total gross amount of 50 million euros.
The terms of the contract stipulate that, over the fixed period, LDA Capital will become Hopium’s intermediary. That is to say that he will buy the new shares of the constructor, which will bring him capital, but not with the aim of becoming a shareholder: LDA Capital will then resell his shares on the market.
Call to market
A commitment that will enable the manufacturer to continue its “development plan and consolidate its technological lead”, says its CEO and former driver Olivier Lombard. Because the funds raised will be allocated to increasing the company’s human and technological resources, which will support its growth.
Hopium will continue, in parallel, to explore other financing solutions by appeal to the market: it will thus be able to secure the implementation of the next steps prior to the marketing of its vehicle.