Hexagon Purus, a world leading provider of hydrogen Type 4 high-pressure cylinders and systems, announced that it raised NOK 1 billion (~90 million USD).
“We successfully raised NOK 1 billion (~90 million USD) in a transaction that attracted strong interest from both existing and new high quality institutional investors and that was anchored by our strategic investors Hexagon Composites and Mitsui & Co., Ltd”, the Morten Holum, Chief Executive Officer at Hexagon Purus stated in his LinkedIn.
“The funds will enable us to continue executing our business plan and are intended to give us capital runway past the point where we are profitable and generate our own cash.I am pleased that we were able to successfully raise capital despite a challenging capital market sentiment for green companies. This has been made possible by our performance and track record and because we have strategic partners like Mitsui and Hexagon Composites, who continue to show their strong support to Hexagon Purus.
We have built a strong company with industry-leading technology and a solid customer base.
We have put in place a global manufacturing footprint with seven new facilities across three continents, we have built a solid global organization that is six times larger now than in 2020, and we have grown revenue by a factor of 10x in the same period”.
Photo of Hexagon Purus
Press release https://t.ly/qiWow
“We successfully raised NOK 1 billion (~90 million USD) in a transaction that attracted strong interest from both existing and new high quality institutional investors and that was anchored by our strategic investors Hexagon Composites and Mitsui & Co., Ltd”, the Morten Holum, Chief Executive Officer at Hexagon Purus stated in his LinkedIn.
“The funds will enable us to continue executing our business plan and are intended to give us capital runway past the point where we are profitable and generate our own cash.I am pleased that we were able to successfully raise capital despite a challenging capital market sentiment for green companies. This has been made possible by our performance and track record and because we have strategic partners like Mitsui and Hexagon Composites, who continue to show their strong support to Hexagon Purus.
We have built a strong company with industry-leading technology and a solid customer base.
We have put in place a global manufacturing footprint with seven new facilities across three continents, we have built a solid global organization that is six times larger now than in 2020, and we have grown revenue by a factor of 10x in the same period”.
Photo of Hexagon Purus
Press release https://t.ly/qiWow