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Wales is Home to a New and Innovative £3.5m Project


Minister Sees New Hydrogen Fuel Cell Production Prototype Car Being Developed in Wales

The company, which now employs 23 people, provided the Minister with an update on their progress and explained their pioneering business model and route to market. Riversimple launched the new vehicle rolling chassis at the Low Carbon Vehicle Event last month where it attracted a great deal of interest

The  £3.5m project is backed by £2million research, development and innovation funding from the Welsh Government and Mrs Hart described it as an exciting project with great potential to deliver long term economic benefits to Wales. Next year the company hopes to build twenty cars for a twelve month public trial, with future plans for volume production – at a location yet to be decided – that could create 220 jobs assembling 5000 cars a year.


Business News Wales