Barclay Pearce Capital
- Jan 17, 2023
- 3 min read
H2X Global and Advik JV announce roadmap to build hydrogen economy
A partnership between Australian hydrogen fuel cell vehicle manufacturer, H2X Global, and Indian manufacturing and development company Advik Hi-Tech Pvt Ltd (Advik), signals a major step forward in the production of hydrogen-powered vehicles and support products for the global market.
Indian Australian Joint Venture (JV) announces roadmap to build the hydrogen economy at the Delhi Auto Components 2023 Expo.
Key Highlights:
- Advik and H2X Global's newly formed company Advik H2X will produce hydrogen projects in India.
- Advik H2X will manufacture hydrogen fuel cell generators, trucks, buses, and light commercials for worldwide distribution.
- Advik H2X first products are expected mid 2023.
- Advik H2X will also develop Methanol fuel cells, providing another clean alternative to hydrogen in certain products, making full use of the Company's fuel cell capabilities.
- The JV will build a global supply chain of products and components for hydrogen-powered vehicles and applications.
- The joint operation represents a major entry point into the broad Indian market.
Advik H2X, based in Pune, India, will further develop vehicles and components designed and tested by the H2X Global design team. Advik H2X builds on the strong experience of Advik as a master of high-tech components and the international experience of H2X Global with over 22 million km traveled with their hydrogen vehicle systems to date.
Advik H2X expands H2X Global from their Australian base and its operations in Europe (Sweden) and Asia (Malaysia and Vietnam).
According to H2X Global Founder and CEO, Brendan Norman, the first products from the JV Company will roll off the production line in the second half of 2023.
"This is a major step forward in the development of the hydrogen economy in India. Already the demand for hydrogen and non-fossil fuel-based vehicles and support products is exceeding demand. We aim to fill that gap."
Brendan Norman, CEO and Founder, H2X Global
Read the full press release here.
H2X Global Limited
H2X is an automotive and power unit company focused on absolute sustainability. The Company is focused on harnessing the most efficient and effective technologies, with the onus on capturing free and renewable energy sources. A specialisation in hydrogen is the basis of H2X’s growth, however with a strong platform as a maker of electrically powered vehicles, the Company has a versatile approach to finding the right vehicle for the right task. H2X Global has operations in Australia, Malaysia, India, and throughout Europe.
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