Gide, counsel to Total on acquiring a stake in Hysetco gide.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gide.com Daily Mail and Mail on Sunday newspapers.
Total invests in French hydrogen taxi operator
May 26, 2021 10:30:am
Summary
by: Joseph Murphy
Posted in:
Total invests in French hydrogen taxi operator
France s Total announced on May 26 it had acquired a stake in a hydrogen-fuelled taxi operator operating in the Paris region.
Hysetco, set up in 2019 by Air Liquide, Idex, Toyota and Societe du Taxi Electrique Parisien, owns around 700 taxis in Paris and while most still run on diesel, it already operates the largest number of hydrogen-fuelled taxis in the world. Its fleet is expected to exclusively run on hydrogen by 2024 and it also operates hydrogen stations. This acquisition is a concrete commitment and an acceleration for Total in hydrogen mobility. We are delighted to be working with partners whose skills and expertise complement each other throughout the hydrogen vehicle value chain, Total CEO Patrick Pouyanne commented.
France: Total supports the development of Hype, the first hydrogen taxi operator in Paris
26 May 2021
Total has announced the acquisition of a stake in
Hysetco, a French company dedicated to the development of hydrogen mobility in cities. Hysetco owns the largest fleet of hydrogen taxis in the world, launched in 2015 and operated in the Île-de-France region under the Hype brand, as well as hydrogen stations.
The
zero-emission hydrogen vehicles for urban mobility.
With the acquisition of a 20% stake, Total joins Hysetco’s historical shareholders: STEP (Société du Taxi Electrique Parisien), Air Liquide, Toyota and Kouros.
Hysetco currently owns around 700 taxis in Paris, with still a majority of diesel vehicles that will transition gradually to become exclusively comprised of hydrogen vehicles by 2024. The hydrogen taxis are fueled by a dedicated network of hydrogen stations operated by Hysetco. This network is expected to expand in the coming years to support the growth
Paris, May 26, 2021 – Total announces the acquisition of a stake in Hysetco, a French company dedicated to the development of hydrogen mobility in cities.