H
Hype
Taxi company with hydrogen powered cars, launched by STEP
About Hype
Hype, launched in Paris in 2015, initially developed and operated what it claimed to be the first integrated zero-emission mobility platform, centered around the world's largest fleet of hydrogen-powered taxis. The company's original business model involved not only the taxi service itself but also the development of a network of hydrogen production and distribution stations to support its fleet. This integrated approach aimed to address urban air and noise pollution by providing a sustainable transportation alternative.
However, due to escalating costs and what has been described as the systemic failure of hydrogen in transportation economics, Hype has recently undergone a significant strategic pivot. The company has ceased its hydrogen taxi operations and is transitioning its entire fleet to battery-electric vehicles (BEVs). This move marks a departure from its foundational hydrogen-based strategy, reflecting the practical and financial challenges of hydrogen fuel cell technology for a large-scale taxi service. The company now focuses on operating as an all-electric taxi service in the Paris metropolitan area.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2015
- Headquarters
- Paris, France
- Employees
- 60
- Open positions
- None listed
- Dealroom signal
- 62.5/100
- Sub-industry
- Mobility
- Sector
- Transportation, Hydrogen, Micromobility, Sustainable Development Goals, Ride-Hailing, Urban Tech, Climate Tech, Hydrogen Vehicles, Hydrogen Refueling, Horizon Europe, observatoire greentech
- Business model
- Marketplace & ecommerce
- Client focus
- b2b, b2c
- Investment activity
- 1 company, latest May 2024
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Jan 2023 | $17M | $110M | VINCI Concessions | ↗ |
| EARLY VC✓Equity / VC | Dec 2021 | $22M | $88M | McPhy Energy · Hydrogen Refueling Solutions | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Hype is 3.8K monthly website visits, up 90% over the last three months. Hype's team declined 22.1% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A3 investors entered at this stage
McPhy Energy
Hydrogen Refueling Solutions
VINCI Concessions
Other known investors3 additional known investors
ALIAD (Air Liquide)
Air Liquide
Paris&Co
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Hype on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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