Riversimple is a car manufacturer and service provider that is spearheading ‘next-generation’ Hydrogen electric vehicles. It sells mobility as a service and retains ownership of its cars. Their pricing structure allows customers to pay a single monthly fee that covers the vehicle, fuel, maintenance, and insurance costs. It's proprietary offering, Rasa, is a two-seat local commuter vehicle that can achieve a 250mpg equivalent fuel figure with a 300-mile range from a 3-minute fill. The company has recently been awarded two new grants from The Office for Low Emission Vehicles (OLEV) for £1.25 million to support the build of its first low volume production run, and another from InnovateUK worth £0.5 million to support the deployment of cars in the Milford Haven Energy Kingdom project. The company has also been featured in several prominent publications such as The Guardian, CNBC, BBC Wales, Reuters and CNN to name a few. The company will use the investment to expand its engineering team and start volume production to reach product commercialisation by the end of 2022.
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411
investors
£1,226
pledge per investor
09623909
company number
Active
company status
04/06/2015
incorporated 9 years
Previous Funding rounds
08 May 24 | Seedrs | £839,958 / | |
07 May 24 | Seedrs | £504,000 / | |
06 May 24 | Seedrs | £1,101,348 / | |
29 Apr 24 | Seedrs | £1,316,352 / 88% |
Officers
Jeffrey Lensin LOO
Appointed: 22-09-2015
News
Riversimple Electric Cars | Green Travel - wales.com
17/04/2024 wales.com
Element 2 And Riversimple Join Forces To Expand Hydrogen Refuelling Infrastructure In The UK - Hydrogen Central
04/03/2024 Hydrogen Central
EXCLUSIVE | Hydrogen car company Riversimple finds it has vastly exaggerated the range and performance of its FCEV - Hydrogen Insight
19/12/2022 Hydrogen Insight
[Withdrawn] Riversimple: the electric car that will never be sold - GOV.UK
14/12/2017 GOV.UK
Riversimple | EIS Crowdfunding Opportunity - Seedrs
08/02/2023 Seedrs
A mobility revolution in Wales: Riversimple - ellenmacarthurfoundation.org
01/12/2021 ellenmacarthurfoundation.org
Riversimple - Dev Bank - Development Bank of Wales
18/11/2022 Development Bank of Wales
Trials of Riversimple Rasa hydrogen car to start next year ahead of 2022 launch - Autocar
30/10/2019 Autocar
Prince Charles visits Riversimple | Growth - Barclays
12/07/2021 Barclays
Riversimple announces collaboration with Siemens to support hydrogen car production - FleetNews
11/02/2021 FleetNews