Contact

Riversimple tries crowdfunding

By

May 4, 2018

Image titel:

Sources:

Riversimple tries crowdfunding

Riversimple

© Riversimple

Riversimple, based in Llandrindod Wells, a Welsh town of 5,000 people, is venturing into uncharted territory. Crowdfunding a new fuel cell car is not the only thing that sets the company apart from its competitors. The small creative powerhouse will also take another route in distribution.

Riversimple’s first crowdfunding campaign, which ended last April, netted the 23-staff business over EUR 1.28 million, money it used to develop its Rasa car. The vehicle will now have butterfly doors and a chassis made from biocarbon, with layers of flax woven into it. Power for the Rasa’s four small in-wheel electric motors will come from Hydrogenics PEM fuel cell stacks, type HyPM HD 8-200, as well as supercapacitors. The stacks’ 8.6 kilowatts are enough to take the two-seater, which weighs as little as 580 kilograms, to its top speed of around 97 kilometers, or 60 miles, per hour in a total of 10 seconds.

Advertisements

Riversimple’s founder, Hugo Spowers, put a great deal of effort into maximizing the impact of regenerative braking. Currently, the brakes recapture more than 50 percent of the car’s kinetic energy, with the target being 70. It makes the Rasa comparatively efficient and allows for an acceptable range, though the vehicle has been designed primarily for trips around town. Prospective customers, however, are not supposed to worry about possible issues such as refueling, insurance, maintenance and price. Riversimple said that it would be taking care of all those things and make the car available for rent only.

Spowers, who used to design and build race cars, told the Welt newspaper that the big automakers might think it is business as usual, but that they were wrong. “You can’t market a hydrogen car in the same way you would a conventional one,” he said. Instead, he intends to create a completely sustainable vehicle. It will be one that is used frequently throughout its average 15-year life, to recover the comparatively high production cost. He estimates the total cost of ownership at around EUR 560 per month.

Advertisements

In all, Spowers has invested over EUR 12.5 million in his idea. The European Union has pledged EUR 2 million toward a 12-month test of 20 Rasa cars in Monmouthshire, UK. To receive funding and be able to construct the first half of the beta prototypes, Riversimple launched another crowdfunding campaign some time ago. The campaign’s GBP 1 million goal has since been reached.

As early as 2009, the company had unveiled a similar vehicle. The corporation supplying the 6-kilowatt fuel cell had been Horizon Fuel Cell Technologies, which created a division called Horizon Educational Group a few years thereafter (see HZwei, July 2009).

Rasa is short for “tabula rasa,” the Latin term for “scraped tablet” – or, “clean slate.”

Kategorien: Europe
:Schlagworte

Here are interesting and current articles on the topic of hydrogen – stocks and the stock market!

Economic prospects for companies in the hydrogen sector | Future, stocks & hydrogen companies on the stock exchange and more…

Which hydrogen companies will prevail in the competitive market in the long term? Get tips and cartwheels and learn more about risks or opportunities. Our stock market specialist and expert author Sven Jösting reports critically, independently and competently.

Apr 18 2024

Plug Power – Price jumps with many questions

The Plug share price fell quickly to under 3 USD (2.50 USD at low) and then rose again to over...
Apr 17 2024

Siemens Energy – Light at the end of the tunnel

Siemens Energy is on the right track, as the latest figures show. Although the wind subsidiary...
Apr 17 2024

Nikola Motors – Outlook speaks for the company

The press conference in February 2024 on the fourth quarter results and the entire year 2023 and,...
Apr 17 2024

Hyzon Motors – Strong patent position

Hyzon Motors will start production of 200‑kW modules for commercial vehicles in the USA in the...
Apr 17 2024

FuelCell Energy – Carbon capture as a growth story?

FuelCell Energy has with SOFC fuel cell power plants built its own capacities for clean energy...
Apr 16 2024

Hydrogen economy gaining speed

Trade fair guide for Hannover Messe 2024 AI and hydrogen are the focus of this year's Hannover...
Apr 16 2024

Politicians with an open ear for hydrogen

Optimism at the H2 Forum in Berlin A good 450 participants gathered at the specialist conference...
Apr 16 2024

Gas producers are the winners of the H2 ramp-up

The major international gas companies such as Linde, Air Liquide and Air Products have always been...
Apr 15 2024

Cummins Engine – Emissions scandal ended by payment

The share of Cummins Engine brings joy: The share price rose to a new high for the year, after the...
Apr 15 2024

Ceres Power with strong partners

The main shareholders Bosch and Weichai are already counting on the English Ceres Power and their...
Apr 15 2024

Group rotation will drive hydrogen forward

Sven Jösting’s stock analysis #Shares from the crypto universe and from many technology companies...
Apr 15 2024

Wissing releases former NOW chief from duties

Background to the Bonhoff/BMDV split Things had quietened down on the Bonhoff front. But then new...
Apr 11 2024

Bloom Energy convincing in the long haul

Bloom Energy is planning a cooperation with Shell to use its SOEC technology for the large-scale...
Apr 11 2024

Ballard – Prospects better than current market valuation

The share price of Ballard Power is at an all-time low. The published figures for the fourth...
Mar 18 2024

Search for the ideal hydrogen storage

Interview with Thomas Korn, CEO of water stuff & sun Startup company water stuff & sun has...
Mar 15 2024

Is exponential growth slowing down?

Fuel Cell Industry Review 2022 Year 2022 saw fuel cell shipments creep up over 2021 numbers,...
Mar 11 2024

On the way to becoming a green hydrogen partner

Oman aims to score points with H2 infrastructure Wind, sun and loads of expertise – these...
Mar 07 2024

We can master a scale-up for green hydrogen

Interview with Dr. Kai Fischer, Director at RWTH Aachen The efficient scaling of green hydrogen...
Mar 07 2024

Frustration over continuing uncertainties

Interview with Jorgo Chatzimarkakis, CEO of Hydrogen Europe There is a lot that needs sorting out...
Mar 05 2024

“If ever there was momentum for hydrogen, it is now”

Interview with Dr. Jochen Köckler, chairman of Deutsche Messe “We’re bringing people together.”...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *