News & Events

12/07/2019

Kouros Invests In Zero-emission Hydrogen Taxis Hype

The objective is to support Hype in its development and reach a fleet of 600 zeroemission taxis in Ile-de-France by the end of 2020

Luxemburg – Kouros, the industrial investment company in clean energy, is committed to lowcarbon
mobility through an investment in the two companies linked to the Hype project: STEP
(Société du Taxi Électrique Parisien), the first company in the world to exclusively operate
hydrogen taxis, under the Hype brand, alongside Air Liquide and the Banque des Territoires;
and HysetCo, the first asset company dedicated to the development of hydrogen mobility in the
Paris region, in which Kouros will have an identical stake as STEP, Air Liquide, IDEX and Toyota.

Kouros acts to promote 100% green mobility

A major player in the fight against global warming, Kouros is now investing in the Hype project, a
pioneering project in a city of the C40 Cities Climate Leadership Group, to support the development of
innovative solutions in the field of energy transition and green mobility. The development of zeroemission
urban ecosystems is a major concern for Kouros, which develops low-carbon energy and
circular economy projects.

“Kouros is proud to join the Hype project through its investments in STEP and HysetCo,” says Florent
Bergeret, Investment Director at Kouros France. “Hype is an emblematic project because it
demonstrates that zero emission mobility is now possible for taxis and VTCs. Already the world’s largest
fleet of hydrogen taxis, Hype is contributing to improving air quality in Paris, and we would like to see
the emergence of a zero emission platform accessible to all Île-de-France taxis and vehicles with
drivers.”

“I am very pleased to welcome Kouros, our new partner, to the STEP and HysetCo partners,” says
Mathieu Gardies, founder of STEP. ” The support of Kouros, whose responsiveness and
entrepreneurial approach I have already appreciated, will be crucial to develop our strategy of rapid and
massive deployment of a hydrogen mobility solution that will effectively combat air pollution in cities like
Paris. “

Objective 600 Hype taxis in Paris and Ile-de-France at the end of 2020

This investment is an important step in the emergence of a hydrogen mobility ecosystem in France and
in the development of Hype, the world’s first fleet of zero emission hydrogen taxis launched in 2015 as
part of COP21. One hundred Hype taxis are already in service in Paris and the Île-de-France region,
with the objective of 600 taxis announced for the end of 2020. Hype’s ambition is to promote the
transition of the taxi and vehicle with drivers sector towards zero emission, with the objective of “zero
emission for taxis and vehicle with drivers for the 2024 Olympic Games in Paris”.

Project Partners

FCH EU

This project has received funding from the Fuel Cells and Hydrogen Joint Undertaking under grant agreement No 779538. This Joint Undertaking receives support from the European Union's Horizon 2020 research and innovation programme, Hydrogen Europe, as well as Hydrogen Europe Research.