HVS secures first international investment from Qatar-based Excelledia Ventures
The new investor is globally recognised for its AI-enabled enterprise management software catering to corporations and governments. According to HVS, this collaboration is "a powerful step forward in achieving sustainable transportation solutions, combining advanced hydrogen technology with AI-driven efficiency".
Hydrogen-powered commercial vehicles and artificial intelligence solutions specialist HVS has secured their first international investment from Qatar-based Excelledia Ventures, globally recognised for its AI-enabled enterprise management software catering to corporations and governments, including Nestle, BP and Qatar’s Ministry of Foreign Affairs.
According to HVS, which is working on establishing cooperations and partnership on an European and global scale, this collaboration is “a powerful step forward in achieving sustainable transportation solutions, combining advanced hydrogen technology with AI-driven efficiency to meet the demands of a rapidly evolving industry”.
HVS is working actively in AI-based solutions for vehicles
In particular, HVS aims to further expand its impact with a NASDAQ listing in 2027, leveraging its Inngot IP valuation and Apricum’s market analysis to attract global investors. In fact, HVS’s AI Emissions Reduction Technology serves as the cornerstone of its strategy, optimising diesel, battery, and hydrogen-powered trucks to enhance efficiency and reduce emissions.
“We specialise in AI software that optimises business performance. Immediately we saw the potential in HVS’s AI innovations – it’s essentially the same transformative technology we use applied to the trucking industry”, commented Muhamed Farooque, CEO of Excelledia Ventures.
“We are delighted to announce this latest investment in HVS. Excelledia Ventures’ support enhances our eligibility for the £1 billion Qatar-UK Climate Tech Fund, thanks to Excelledia’s strong relationships with key stakeholders such as Qatar’s Transport Authority and Qatar Investment Authority. Thanks to its resources and expertise, the Middle East is also uniquely positioned to lead the global hydrogen charge and is already making significant progress”, added Abdul Waheed, CEO of HVS.
