Atawey Secures €22 Million to Drive Hydrogen Mobility Revolution in Europe
Key Ideas
- Atawey, a French hydrogen charging station provider, secures €22 million to expand operations and support hydrogen mobility projects across Europe.
- The company's strong growth in 2024, with revenue doubling to €18 million and a 113% year-over-year increase, showcases its success in the low-carbon mobility sector.
- Atawey's strategic goals include achieving positive EBITDA by 2025, expanding its presence across Europe, and accelerating the rollout of competitive hydrogen stations.
- The recent funding round, led by Starquest and supported by various stakeholders, will enable Atawey to enhance its commercial reach, services, and industrial capabilities to drive the hydrogen economy at scale.
Atawey, a prominent French provider of hydrogen charging stations, has secured €22 million in new capital to further its expansion and bolster its support for hydrogen mobility projects across Europe. With 51 hydrogen stations already operational, two production facilities, and a dedicated team of 150 employees, Atawey has established a robust foundation in the industry. The company's remarkable growth in 2024, where revenue doubled to €18 million, reflects its significant progress in the low-carbon mobility transition. Despite challenges in the hydrogen sector, Atawey has surpassed expectations with €30 million in confirmed commercial orders from various partners in France and beyond.
Atawey's strategic goals include achieving positive EBITDA by the end of 2025, expanding its footprint across Europe, and accelerating the deployment of high-performance hydrogen stations. The recent funding round, spearheaded by long-time investor Starquest and supported by France 2030, ARMOR GROUP, and other stakeholders, will facilitate Atawey's expansion into new markets and the enhancement of its service offerings.
To solidify its position as a comprehensive hydrogen solutions provider, Atawey plans to focus on three key areas: expanding commercial reach to cater to heavy transport sectors, enriching integrated services like operations and maintenance, and enhancing industrial optimization through production capacity upgrades. The company's commitment to shaping the future of clean and reliable mobility aligns with the European efforts towards carbon neutrality and energy independence.
Beyond infrastructure development, Atawey is investing in talent and innovation through the Atawey Academy, ensuring a focus on safety, regulatory compliance, and cutting-edge technologies. By driving advancements in the hydrogen economy and sustainable transport systems, Atawey is playing a vital role in the transition towards cleaner and smarter mobility solutions across Europe.