# HysetCo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hysetco

- Industry: Transportation Services
- Headquarters: Seine Saint Denis, France
- Website: www.hysetco.com/
- Total disclosed funding: $216M
- Latest round: Series A (Apr 1, 2024)
- Investors on record: 3

## About

HysetCo, based in France, specializes in hydrogen mobility solutions aimed at promoting zero-emission transportation. The company provides rental and management services for hydrogen vehicle fleets, supporting businesses in their transition to cleaner transport.Founded in 2020 in Seine Saint Denis, France, HysetCo offers hydrogen mobility solutions that focus on urban transport decarbonization. The company, led by founder Mathieu Gardies, has completed 4 deals, with the most recent being a Series A funding round on April 1, 2024, raising EUR 200 million led by Hy24. HysetCo operates without any known subsidiaries.HysetCo provides a comprehensive suite of hydrogen mobility solutions focusing on facilitating the transition to zero-emission transportation for businesses. Their core offerings include the rental and management of hydrogen vehicle fleets, which encompass models such as the Toyota Mirai 2 and the Peugeot e-Expert Hydrogen. These services are designed for professionals seeking to integrate hydrogen vehicles into their operations without upfront capital investment, enabling a seamless transition to cleaner mobility. The practical use cases primarily target sectors such as logistics, transportation, and taxi services, where reducing carbon emissions is a priority. HysetCo’s solutions are available in key markets across France, particularly in Île-de-France, where they operate the first open-access hydrogen filling station network, providing 24/7 access to the necessary infrastructure for hydrogen refueling.In 2022, HysetCo reported a revenue of EUR 3,982,291.20, with an EBITDA of EUR -6,810,499.90. The revenue model is primarily built around vehicle rental services, which include comprehensive packages designed to meet the needs of businesses transitioning to hydrogen mobility. These packages encompass vehicle rental, insurance, maintenance, and hydrogen fuel, facilitating a straightforward, all-inclusive pricing structure. Clients can engage in short-term rentals, allowing them to adapt their fleets to comply with environmental regulations effectively.HysetCo plans to utilize the EUR 200 million raised in its Series A funding round to accelerate the deployment of hydrogen mobility solutions aimed at decarbonizing urban transport. The company is also expected to explore expanding into new geographic markets, particularly focusing on urban centers that prioritize sustainability. Upcoming product launches are anticipated, enhancing their fleet offerings and supporting a broader range of industries looking to transition to hydrogen vehicles.

## Funding rounds

- Series A, Apr 1, 2024, $216M — RAISE, Eiffel Investment Group, Hy24

## Investors

- RAISE (https://capitalatlas.ai/funds/raise) — Series A
- Eiffel Investment Group (https://capitalatlas.ai/funds/eiffel-investment-group) — Series A
- Hy24 (https://capitalatlas.ai/funds/hy24) — Series A