More than £5 million has been raised for ULEMCo, a UK-based firm located in Liverpool that adapts commercial vehicles to run on hydrogen fuel.
Investors
- Equity Gap
- The North West Fund
- Scottish Enterprise
- Mercia Ventures
- Northern Powerhouse Investment Fund (NPIF)
Use of funds
The money will be used by the business to grow its staff of conversion experts and create new fuel cell, hydrogen dual fuel, and zero-emission combustion products.
Over the next three to five years, the firm plans to add over 100 additional employment throughout the United Kingdom.
About ULEMCo
ULEMCo, which Amanda Lyne founded, has created a “dual fuel solution” (H2CED) that allows heavy-duty vehicles to run on hydrogen while still using diesel as needed. It enables operators to lower their carbon emissions and convert to cleaner fuel without having to replace their current fleet. The technology works with a variety of vehicle makes and models, such as road sweepers, waste trucks, and other machinery and equipment.
