# Lhyfe Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lhyfe-labs

- Industry: Renewable Energy
- Headquarters: Nantes, France
- Website: www.lhyfe.com
- Total disclosed funding: $58M
- Latest round: Series A (Oct 1, 2021)
- Investors on record: 7

## About

Based in Nantes, France, and founded in 2017, Lhyfe Labs, doing business as Lhyfe, operates as a developer of turnkey solutions for the production of green hydrogen for mobility and the industrial ecosystem. In October 2021, the firm raised EUR 50 million in a Series A round co-led by SWEN Capital Partners and Banque des Territoires, with participation from Noria, Ouest Croissance, and others. 
As of December 2021, the company is being led by its founder and CEO, Matthieu Guesné, and has 60 employees across France, Germany, Belgium, Sweden, Denmark, Portugal, Italy, Netherlands, and Spain. The firm has a portfolio of nearly 60 projects throughout Europe and operates an onshore industrial hydrogen production facility in Vendée.

Lhyfe produces and distributes renewable and clean hydrogen (with zero C02 emissions), for the transportation and industrial sectors. The firm’s product is used to fuel light-duty vehicles, buses, trucks, and other commercial vehicles, etc, and is utilized in the manufacturing processes of food, chemicals, steel, and glass. Lhyfe produces hydrogen from water and natural renewable energy sources including wind, photovoltaic energy, biogas, geothermal energy, solid biomass energy, and so on, resulting in harmless by-products like water and oxygen. Also, the company designs, builds and operates its own renewable hydrogen production facilities. 

Lhyfe intends to use the funding received in October 2021 to expand its workforce and R&D activities, to support its operations in France and overseas. The company also intends to launch its offshore renewable hydrogen production facility on the SEM-REV offshore test site, by 2022.

## Funding rounds

- Series A, Oct 1, 2021, $58M — SWEN Capital Partners, Ouest Croissance, Océan Participations, Noria, Banque des Territoires, Ovive, Vendée Energy

## Investors

- SWEN Capital Partners (https://capitalatlas.ai/funds/swen-capital-partners) — Series A
- Ouest Croissance (https://capitalatlas.ai/funds/ouest-croissance) — Series A
- Océan Participations — Series A
- Noria — Series A
- Banque des Territoires — Series A
- Ovive — Series A
- Vendée Energy — Series A