Viritech

Viritech develops lightweight, space-efficient technologies for hydrogen vehicles

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Viritech: An In-depth Look

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Security Type: Common Stock
Categories: Manufacturing, Technology
Min Investment: $2,500
Expected Close Date: November 01, 2023
Target Raise: $2.50K
Website: viritech.co.uk

Company Description

Viritech develops lightweight, space-efficient powertrain technologies for hydrogen vehicles. Using Formula-1 derived technologies, Viritech’s mission is to eliminate the weight and range penalties of zero-emission transport solutions, enabling a future which doesn't require compromise. Founded by a serial entrepreneur and a high-performance powertrain engineer, with VC-backing, Viritech is raising to support its commercial growth plan.

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Key Deal Facts

Patented and differentiated technology Partnerships with Ford, BP, Anand Group, Linamar, MIRA, and Lola Regulation requires zero-emission powertrains from 2030 onwards >£2.6m in awarded non-dilutive UK government grants and VC backing US expansion in 2024 due to Inflation Reduction Act subsidies Proven management team: CEO with 2 exits and CTO with F1 experience

Amount Raised : $0

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