Welsh Government looking to back mass production plans from hydrogen car venture Riversimple

Having recently entered into a memorandum of understanding with Siemens focused on regional skills development, sustainability, and preparation for mass production, Welsh Government has also confirmed it is exploring further support to Riversimple.

The company is seeking to raise £150m to commence volume production and bring its hydrogen-powered vehicles to market.

Gambit Corporate Finance LLP is mandated as lead financial adviser to Riversimple on its latest capital raise.

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