Air Liquide and China’s STNE teamed up to accelerate hydrogen-powered trucks in China. Air Liquide invested 10M euros in the startup that operates a fleet and platform and Air Liquide will openly share their know-how for STNE to scale up.
The deal builds on Air Liquide acquiring a minority stake of around €10 million (US$12 million) in STNE. The latter designed a hydrogen logistics platform for deliveries in cities.
Moreover, the startup operates a hydrogen station in Shanghai and a fleet of 500 hydrogen-powered trucks.
As part of this agreement, Air Liquide will provide STNE with its expertise in the entire hydrogen supply chain, from production and storage to distribution, to accelerate the startup’s development.
STNE aims to run a fleet of up to 7,500 trucks and to operate a network of around 25 hydrogen stations by 2020 in China.