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Energy Tech Series C Founded 2017

HVS

HVS (Hydrogen Vehicle Systems) is a developer of hydrogen fuel cell powertrain systems and AI-powered efficiency solutions for heavy goods vehicles. The company is designing and manufacturing hydrogen-powered trucks with advanced fuel cell electric powertrains that incorporate hydrogen storage, electric drive, thermal management, and power electronics for zero-emission heavy-duty transportation. HVS also offers…

📍 Glasgow, United Kingdom · Electric Vehicles,

Funding snapshot

Last roundSeries C
Amount$34M
Date28 January 2025
Total raised$34M
Team size17

About

HVS (Hydrogen Vehicle Systems) is a developer of hydrogen fuel cell powertrain systems and AI-powered efficiency solutions for heavy goods vehicles. The company is designing and manufacturing hydrogen-powered trucks with advanced fuel cell electric powertrains that incorporate hydrogen storage, electric drive, thermal management, and power electronics for zero-emission heavy-duty transportation. HVS also offers AI-SEMAS, a plug-in retrofit box for existing diesel trucks that calculates weight and terrain in real-time, adjusting power 1,000 times per second to match road conditions, delivering up to 4,700 pounds in annual fuel savings per vehicle. This dual approach enables fleets to reduce carbon emissions and fuel costs today while transitioning to hydrogen-powered zero-emission trucks tomorrow. The company vehicles are designed by HVS and built by experienced truck manufacturers. Founded in 2017 and headquartered in Glasgow, United Kingdom, HVS has raised approximately 4.2 million in a Series C round with investors including the UK Government, EG Group, Advanced Propulsion Centre UK, and Premier Western.

Business model

Electric Vehicles > Components > Powertrain Systems > Four Wheelers > Commercial Vehicles > Hydrogen Fuel Cell Based,

Air Pollution Management Tech > Emission Management > Control > Road Vehicles

Founders & team highlights

Serial Founder

Institutional investors

Gov EG Group Advanced Propulsion Centre UK Excelledia Ventures Beehive Capital Advisors Layaan Premier Western Mohammed Sohail Cliff Goldie Ishtiaq Mohammed Arshad Mohammed Rifat Haider Zaprina Daniel Mulally Dhanji Govind Halai

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