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.

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.

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.

Dec 07 2023

Clean hydrogen from waste and plastic

Swedish port on the island Tjörn wants to be completely green Plastic waste is a huge problem to...
Dec 07 2023

Hydrogen version of the Pocket Rocket e-moped

Doubling the distance with a fuel cell range extender An electric moped with a 150-kilometer...
Dec 07 2023

New plants for offshore water treatment

Technology group Bosch is increasing its involvement in water treatment for green hydrogen....
Dec 04 2023

University of Stuttgart orders FC power plant

The University of Stuttgart has ordered a fuel cell power plant from the Bavarian manufacturer...
Nov 29 2023

H2 from seawater

Researchers have succeeded in producing hydrogen directly from seawater In Australia, researchers...
Nov 29 2023

Opportunity for green fuel

Axpo drives H2 production in Switzerland forward The Swiss energy corporation Axpo has identified...
Nov 29 2023

Hydrogen in the Nuremberg metropolitan region

Potential innovation center for hydrogen technologies The German city of Nuremberg is aiming to...
Nov 16 2023

Hydrogen on trend

At the moment, hydrogen is – at least in the energy sector – on everyone’s lips. This is also...
Nov 13 2023

Norway doubles number of H2 projects

Hesitant politicians put the brakes on the expected upswing Activities in the Norwegian hydrogen...
Nov 09 2023

Quicker scaling

Interview with Tassilo Gast from Emerson If hydrogen is expected to change the world, then the...
Nov 09 2023

Germany gets steering committee for H2 standards

Norm writing is a very dry but also very important topic – especially when a completely new...
Nov 06 2023

DWV independent again

Since August 2023, the German hydrogen and fuel cell association (Deutscher Wasserstoff- und...
Nov 06 2023

A hydrogen system for all

Polish company Virtud shows the way About 20 years ago, solar power and Passivhaus design captured...
Nov 06 2023

District becomes hydrogen pioneer

Hydrogen Regions series: HyExpert region AachenPLUS There was once a well-known German sports...
Oct 31 2023

Overcoming hurdles – restructuring – creating knowledge

Hydrogen Regions series: HyExpert region AachenPLUS The HyExpert region of AachenPLUS in Germany...
Oct 31 2023

Photovoltaics and hydrogen in the real world

Guest article by Karl-Heinz Remmers, PV pioneer For a long time the public has held a deep...
Oct 25 2023

National hydrogen strategy 2.0

German government steps up the pace Coordination was hard enough when there were “only” four...
Oct 25 2023

Green full supply all year round

HPS inaugurates home with solar hydrogen storage system In Schöneiche, a suburb east of Berlin,...
Oct 17 2023

Hy-Fcell offered technical tours for the first time

Landesmesse Stuttgart has put the industry event just renamed Hy-Fcell on course for growth. In...
Oct 16 2023

The hydrogen megatrend

Dear readers In recent years, hydrogen has managed to move out of its niche and onto the political...

0 Comments

Leave a Reply