Last deal

Amount

Equity Crowdfunding

Stage

30.01.2023

Date

6

all rounds

$5.7M

Total amount

General

About Company
Riversimple develops hydrogen fuel-cell cars for clients in the United Kingdom.

Industry

Sector :

Subsector :

Keywords :

Also Known As

OSCar Automotive, RS New Top, Riversimple Operations, Rs Newco

founded date

01.01.2013

Number of employees

Company Type

For Profit

Last funding type

Equity Crowdfunding

IPO status

Private

Description

The company's flagship car, the Rasa, emits only a small amount of water and achieves the equivalent of around 250 miles per gallon, with a range of 300 miles and a refuelling time of just three minutes. Riversimple is building a new business system that aligns with the interests of its customers and the environment, without sacrificing profit. The company is seeking commercial partners and employees to help bring its vision to life, and has recently secured £150 million in funding to build two plants for commercial production of the Rasa and a new hydrogen van, creating up to 440 skilled jobs.