HVR Energy raises €20M Series A to build out Spain's hydrogen refuelling network
What's the deal? HVR EnergyDealroom has a profile for this one. Try Dealroom →, a Spanish operator of hydrogen refuelling stations, has closed a €20 million Series A to expand its network across Spain. Sandton led with €15 million, alongside Barents ReDealroom has a profile for this one. Try Dealroom → (€3 million) and project sponsor LangurDealroom has a profile for this one. Try Dealroom → (€2 million). The round values the company at €120 million post-money, up from €100 million pre-money.
What's the endgame? HVR Energy wants 75 operational stations in Spain by 2030. It opened its first in Coslada, Madrid, in 2023, targeting both professional fleets and light hydrogen-powered vehicles.
Where's the money going? The funds will accelerate new station rollouts, widen the network's geographic coverage, and strengthen technical and operational capacity. The round brings total financing raised since 2025 to more than €53 million.
Why now? HVR Energy frames infrastructure as the bottleneck for hydrogen mobility. "Our goal is to build the network before its absence becomes the brake for manufacturers, operators, and fleets," said president Luis Felipe Suárez-Olea del Arco (translated from Spanish).
The signal: The round sits in the 91st percentile by size among all-time Series A energy deals in Spain, a sample of 829. That places HVR Energy's raise near the top of a segment where infrastructure remains the gating factor for hydrogen adoption.
Read more: forbes.es
Image credit: HVR Energy
