One of our former Univercité’s resident, EH Group Engineering AG today announced it had raised over CHF5m in Pre-Series A funding. EH Group Engineering is a developer and manufacturer of innovative low-cost and energy-dense fuel cells. AP Ventures, a significant investor in breakthrough hydrogen technologies, participated in the raise. Proceeds will go towards the installation of EH Group’s own proprietary stack assembly technology as well as to the continued development of the Company’s first commercial fuel cell stack products. EH Group will be looking to raise additional capital in 2022 to finance its progression to commercial-scale roll-out.
