H2X Global Ltd

A Company Focused on Sustainable Hydrogen-fuelled Vehicle Design and Manufacture

Business Highlights

H2X Global utilises unique fuel cell powertrain technology to develop hydrogen fuel-cell electric vehicles (FCEVs) and other fuel cell solutions for global use including gensets (power generation).

Warrego Ute
~A$60m in reservations for the flagship Warrego hydrogen ute – a Ford Ranger conversion aimed at heavy industrial and commercial users. First vehicles are nearing completion in both Australia and Europe.

Project Darling
H2X are accelerating plans to develop their Darling van/taxi to cement their first-mover advantage and transform H2X into an OEM.

First hydrogen gen-sets sold
First revenues earned from the sale of two hydrogen gen-sets to Australian customers in early 2022.

Hydrogen Garbage Trucks
H2X have entered into a MOU with Renova to provide FCEV garbage trucks for the Swedish waste manager.

IPO 2022
H2X is proceeding towards an IPO within 12 months in order to raise capital for future projects.

Indian JV with Advik
Signed term sheet with Indian car component giant Advik Tech for a JV in developing FCEV components.

Transaction Overview

Company is raising up to A$5M at A$0.20 cents (A$2.5M already commited) with 142,294,000 Shares on Issue at a valuation (pre-money) of $28,458,000.

Key Investors

  • A$2.5M raised through broker Barclay Pearce Capital
  • H2X’s largest shareholder Pure Hydrogen (ASX:PH2) committed to supporting development of the company

Use of Funds
H2X Global will use the funds from the raise to go directly towards the development and commercialisation of several critical fuel-cell projects.

Company Overview

H2X Global is an Australian automotive company developing hydrogen fuel cell electric vehicles (FCEVs) and other fuel cell solutions for global use. The Company is establishing itself as a global leader in the industry through the development of a range of FCEVs for industrial use, underpinned by the company’s unique fuel cell powertrain technology.

IPO 2022

Market Disruptor

Hydrogen Fuel Cell Electric Vehicles (FCEVs)

Indian JV with Advik

Announcements

Agreement to supply hydrogen buses and waste truck

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H2X engages with KTM Technologies

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Global Forges Alliance With Swedish City Gothenburg

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H2X Global ‘stepping on the gas’ with eyes set on IPO

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Team

Scott Brown

Non-Executive Chairman

Michelle Reynolds

Executive Director & CFO

Peter Zienau

Non-Executive Director

John Forder

Non-Executive Director

Brendan Norman

Managing Director & CEO

Chris Reitz

CDO, Head Europe/Latin America

Ian Thompson

CTO, Head North America

Anthony Clucas

COO, Head of Organisation ASIA/Oceania

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