Ulemco closes funding round with Scottish Enterprise

Ulemco, the UK hydrogen fuel pioneer, today (19^th April) announced the winding up of its funding round, which saw around £0.5 million raised in the equity investment from Equity Gap and Scottish Enterprise. The funds will be used to speed up the company’s roll-out of hydrogen mobility solutions.

Ulemco has successfully converted large vehicles to run on hydrogen dual-fuel, on hydrogen alone and in hydrogen fuel cells. The funds will be invested to enhance the company capabilities to support customers in Scotland, where demand for Ulemco technology is getting traction. The investment will help the company widen its offers and help use green hydrogen as a transport fuel.

Amanda Lyne, MD of Ulemco, said, “Our customers such as Aberdeen City Council and other public sector fleet operators in Scotland have been important in our recent rapid growth.”

She further added, “Creating demand for the use of hydrogen fuel now, enables investors to make the case for building a hydrogen infrastructure to deliver net-zero emissions.”

Fraser Lusty, Director of Equity Gap, commented, “There is a strong call for cleaner mobility in Scotland.”

Ulemco has also recently announced delivering a hydrogen-powered prototype ambulance to the London Ambulance Service NHS Trust (LAS) later this year.