Atawey Secures €22 Million Fundraising to Drive Hydrogen Mobility in Europe
Key Ideas
- Atawey, a French hydrogen charging station leader, raised €22 million to boost industrialization and solidify its position in Europe's hydrogen mobility sector.
- The company witnessed a significant +113% growth in 2024, supported by strategic decisions and a strong customer base, showcasing operational resilience in a challenging market.
- The funding will fuel Atawey's expansion in Europe, enhance its service offerings, and optimize production capacities, aiming to play a key role in advancing low-carbon mobility on a large scale.
- Atawey's commitment to providing reliable hydrogen solutions aligns with Europe's carbon neutrality goals, emphasizing sovereign technologies and operational excellence to drive the hydrogen ecosystem forward.
Atawey, a prominent player in hydrogen charging stations based in France, has announced a substantial €22 million fundraising to expedite its operations in hydrogen mobility within Europe. With 51 stations already operational, two production sites, and a workforce of 150, Atawey experienced remarkable growth in 2024, achieving a revenue increase of +113% totaling €18 million. This growth can be attributed to strategic choices such as configurable solutions, a wide range of services, and a loyal customer base.
Despite a slower-than-expected growth within the hydrogen sector, Atawey's financial robustness and operational resilience have been highlighted by the recent performance. The company's commercial dynamics remain strong, with €30 million in orders showcasing the confidence of existing clients and the interest of new ones, both domestically and internationally.
The fundraising round, led by various investors including Starquest and the French government, will empower Atawey to strengthen its European presence, expand its service offerings, and optimize its industrial chain. The company aims to achieve a positive EBITDA by the end of 2025 and play a significant role in developing the European ecosystem for low-carbon mobility.
Atawey's commitment to reliable hydrogen solutions, designed and manufactured in France, underscores its dedication to carbon neutrality and industrial autonomy in Europe. The company's focus on sovereign technologies, continuous training through the Atawey Academy, and adherence to stringent safety and operational standards position it as a key partner in advancing hydrogen mobility on a large scale.