PowiDian expands its activities to the green mobility market by creating its subsidiary PowiDian Mobility in Le Mans
La Ville-aux-Dames, 15th September 2021: PowiDian, a specialist in stationary applications for the production and storage of electricity from green hydrogen, announces the signature of a Letter of Intent (LOI) concerning the acquisition of L.M.I., a company specialising in innovative mobility systems, based in Le Mans. With this strategic acquisition, PowiDian is now positioned on the carbon-free mobility market by creating its new subsidiary PowiDian Mobility.
Jean-Marie Bourgeais, President of PowiDian, declared: “After several years of perfecting our technologies, we wanted to open up our field of application to mobility, a fast-growing market that has strong support from public authorities. The acquisition of L.M.I.’s technologies and know-how is highly strategic for our development in this field. Together, our teams have all the keys to becoming a major operator in the world of electric/hydrogen vehicles, which are essential to the development of cleaner and more sustainable mobility, but also to the entire value chain of the hydrogen industry.”
Michel Lecomte, President and Founder of L.M.I., highlighted: “Our employees bring with them more than thirty years of experience in the manufacture and design of innovative vehicles. PowiDian’s expertise in terms of hydrogen technologies will allow us to follow through on our vision to respond to a real climate emergency. We are delighted to combine our expertise to be actors together in the future of green electromobility and to take an active part in the reduction of greenhouse gas emissions.”
PowiDian Mobility will focus on the development and marketing of electric utility vehicles whose autonomy will be enhanced by hydrogen technologies. It will meet the needs of urban areas that are proactive in reducing harmful gas emissions and of large private structures (large industrial sites, organic farms, etc.) wishing to renew their fleet.
Jean-Marie Bourgeais, President of PowiDian, adds: “These new vehicles will reshape urban and industrial mobility. Their development is essential to achieve the emission reduction targets required for the ecological transition. Our first models will be marketed in 2023 with a targeted future production of around 500 vehicles per year.”
Jérôme Le Conte, Director of PowiDian representing Xerys Invest, concludes: “This acquisition is a major step for PowiDian, which is now extending its industrial ambition to its extended range of hydrogen generator sets, but also to the production of innovative urban utility vehicles. We are delighted to follow this collaboration and support this development with enthusiasm.”
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PowiDian is a pioneer in solutions for the production and storage of energy produced via ‘green’ hydrogen and has been working for more than 10 years on the ecological transition of territories thanks to its autonomous stations and its mobile or stationary zero-emission hydrogen generators. In September 2021, the group launched PowiDian Mobility, a subsidiary dedicated to the development of electric utility vehicles. Based in La Ville-aux-Dames in the Centre-Val de Loire region, PowiDian currently employs 40 people. PowiDian has been a holding of Xerys Invest since 2014 and counts the Bouygues group as a partner since 2020.
For more information: www.powidian.com
A propos de Xerys Invest
Xerys Invest is a French investment company primarily positioned on trending sectors that include healthcare & Life Sciences, renewable energy/GreenTech and new digital technologies. As such, Xerys Invest supports companies in industries undergoing major transformation to address economic, environmental, and societal challenges that have great ambitions for their growth and international expansion.
In its market, Xerys Invest stands out as much for its modus operandi and the strategic and operational support it provides to portfolio companies, as for the range of à la carte investment opportunities offered to investors and the firm’s close relations with them, or its sector-based approach. Lastly, Xerys Invest has considerable sector expertise, bolstered by a strategic committee made up of recognized specialists and experts in key sectors. Xerys Invest manages more than 200 million euros in assets, with a portfolio of nine holdings.
For more information visit www.xerys.com or find us on LinkedIn @Xerys.