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Australia-based hydrogen-powered vehicle firm H2X Global Ltd has signed a joint engagement letter with Arden Partners, Zeus Capital, BPC, and Ince Group for its plan to list on the London Stock Exchange in the back half of 2023.
Arden Partners will lead a pre-IPO round that is scheduled for this month, while Zeus Capital will be the lead manager for the actual listing later this year.
H2X Global, which is engaged in the delivery of hydrogen-powered trucks, utes, buses, and generators, has more than AUD 50 million in orders for its vehicles globally.
The firm anticipates registering a total of AUD 819 million by December 2024, according to H2X's founding equity partner, investor, and major shareholder, United H2 Limited (UHL)
H2X Global has announced a few joint ventures since the beginning of the year, including one in India with the local manufacturing and development firm Advik Hi-Tech Pvt Ltd. and one in Scandinavia with the green hydrogen producer Norwegian Hydrogen AS.
