Hydrogen-powered commercial vehicle business H2X Global is rattling the tin for new capital to bankroll its turnaround strategy, after a tumultuous period of slashing costs and headcount.
The Melbourne-based company has engaged Frank Advisory to hunt for $6.1 million. The pitch to potential backers is centred on H2X Global’s much leaner model, with just five employees and monthly cash costs of $70,000, down from a peak of $500,000 in 2023.
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