Hopium is in financial difficulty. The company has just received exceptional aid from the Normandy Region of two million euros.
Hopium is in financial difficulty. So much so that the French start-up founded by Olivier Lombard (former racing driver) has just received aid from the Normandy region. information revealed by The echoes details that the company’s cash flow is at an all-time low after a difficult year:
“In the first half, the net loss reached 9.5 million and available cash had fallen on June 20 to only €2,000, compared to €4.9 million a year earlier. »
A situation taken very seriously by the Normandy region. Discussions and meetings have been organized since the beginning of 2023, between the authorities and the management of the company. An exceptional Permanent Commission was held this Friday, February 24 at the Abbaye aux Dames in Caen. Under the presidency of Hervé Morin, the elected officials voted an aid of two million euros to support Hopium.
Indispensable support from the Region
This help takes the form of a zero rate refundable after 18 months. Enough to allow the company to make the investments necessary for its survival. For the Region, this is a means to ensure the proper functioning of its hydrogen sector. Hervé Morin, President of the Normandy Region, spoke on this subject on Friday 24:
“Through this exceptional aid which should enable the company to continue its growth in a highly competitive global market, the Region reaffirms its desire to support the industrial development of its territory and to carry a real ambition for the influence of the sector. Norman hydrogen. »
Remember that at the end of the Mondial de l’Auto in October 2022, Crédit Agricole placed an order for 10,000 Hopium Machina. That is a contract of 1.2 billion euros. Ultimately, nearly 1,500 employees will work for Hopium in Vernon (Eure), the brand’s future site.
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