Commercial hydrogen fuel cell vehicle adoption gets boost under Ballard and Wisdom
The companies are working to accelerate the use of the vehicles in Hong Kong. Ballard Power Systems has announced a strategic collaboration with Wisdom Motor Company Limited to boost the adoption of commercial hydrogen fuel cell vehicles in Hong Kong. The collaboration also includes Bravo Transport Services Limited and Templewater Group. The companies will work together to expand the use of the vehicles in Hong Kong. Templewater is an alternative asset management firm. It is the parent company of the largest transit operator on Hong Kong, Bravo. It is joining Ballard in a co-investment of Ser…
The companies are working to accelerate the use of the vehicles in Hong Kong.
Ballard Power Systems has announced a strategic collaboration with Wisdom Motor Company Limited to boost the adoption of commercial hydrogen fuel cell vehicles in Hong Kong. The collaboration also includes Bravo Transport Services Limited and Templewater Group.The companies will work together to expand the use of the vehicles in Hong Kong.
Templewater is an alternative asset management firm. It is the parent company of the largest transit operator on Hong Kong, Bravo. It is joining Ballard in a co-investment of Series A funding for Wisdom. Wisdom is a tech firm that both designs and manufactures zero-emission commercial hydrogen fuel cell vehicles.
The funds will provide financial support for the organizational growth at Wisdom, as well as research and development and manufacturing platforms. This includes the expansion of H2-powered bus, truck and specialty vehicle development. The collaboration is expected to close this year before the end of Q2, subject to regulatory approval completion and other customary closing conditions.