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Intelligent Energy has raised a further £7m from investors to fund the expansion of its Loughborough-based hydrogen-powered black cabs business.
Intelligent Energy has confirmed plans to relocate its Loughborough-based hydrogen fuel cells business to a larger £8.5m factory at Holywell Park next year, with the creation of about 130 jobs.
Intelligent Energy is planning to relocate its Loughborough-based hydrogen-fuelled motorcycles and aircraft business and up to 75 staff to a larger site over the next two years.
Intelligent Energy of Loughborough has secured a £1.7m investment from Suzuki to fund the development of a fuel cell engine for motorcycles.
Intelligent Energy has secured a £9m cash injection to fund the expansion of its Loughborough-based fuel cell power systems business.