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Scottish hydrogen truck start-up HVS next to risk going under

Summary by newmobility.news

Hydrogen Vehicle Systems (HVS), a Scottish start-up founded in 2017 to develop a hydrogen-electric heavy truck, is changing course to avoid bankruptcy. The company faces over €10 million in debt and will now focus on retrofit conversions and selling its technology to cut costs. HVS was founded in Glasgow in 2017 by Abdul Waheed with the goal of designing a new hydrogen-electric heavy truck from the ground up to meet the UK’s goal of a zero-emiss…

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newmobility.news

Scottish hydrogen truck start-up HVS next to risk going under

Hydrogen Vehicle Systems (HVS), a Scottish start-up founded in 2017 to develop a hydrogen-electric heavy truck, is changing course to avoid bankruptcy. The company faces over €10 million in debt and will now focus on retrofit conversions and selling its technology to cut costs. HVS was founded in Glasgow in 2017 by Abdul Waheed with the goal of designing a new hydrogen-electric heavy truck from the ground up to meet the UK’s goal of a zero-emiss…

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newmobility.news broke the news in 3 days ago on Thursday, February 20, 2025.

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