Caisse des Dépôts invests in zero-emission hydrogen taxis HYPE
Caisse des Dépôts invests in zero-emission hydrogen taxis HYPE
author Added by FuelCellsWorks, July 26, 2017

Paris - Caisse des Dépôts finalized its acquisition of a stake in STEP (Société du Taxi Electrique Parisien), a company operating the Hydrogen taxis HYPE, thus becoming a minority shareholder of reference, alongside the AIR LIQUIDE group via ALIAD, the Group's venture capitalist. This Investment reduces the environmental footprint of transport at in the heart of cities.

The STEP proposes a service of taxis Parisian "zero emission" operated by drivers employees. The HYPE taxi fleet deployed to date includes some fifteen vehicles. 

This offer of urban mobility, intelligent and sustainable contributes to improving, within the known from Parisian taxis, the environmental assessment of the supply of transport on demand in dense area, by combating greenhouse gas emissions, fine particulate matter and sound pollution. Accessible on the street or in a station like any Parisian taxi, the service proposed by HYPE will soon be supplemented by a central reservation internet / smartphone.

It has received financial support from several local authorities, including the City of Paris and the region Ile-de-France.

In addition, STEP participates in a project that has received EU funding in the Horizon 2020 research and innovation program of Hydrogen Europe and of the New European Group for Research on Hydrogen and Fuel Cells (N.ERGHY), through the public-private partnership on Fuel Cells and Hydrogen
(Fuel Cell and Hydrogen Joint Undertaking - FCH JU).

This investment by Caisse des Dépôts, in line with its ambition to contribute to the emergence of intelligent and sustainable mobility, will enable HYPE to finance its with the aim of:

  • Deploying 600 vehicles in Paris by 2020;
  • Propose this innovative solution in other French metropolises;
  • Eventually, emerge internationally.

"Through this investment in HYPE, which is in line with the objectives of the climate The Caisse des Dépôts is continuing to assemble a complete range of solutions intelligent and sustainable mobility in the service of the territories, in particular by different types of clean engines. This investment contributes to the energy and digital transitions, elevated to strategic priorities by the group,"

said Gabrielle Gauthey, Director of Investments and Development local.

"We are very pleased to have received the support of Caisse des Dépôts, not a simple financial investment. Their experience and the scope of their essential assets in our strategy of conquest, which aims to create a European leader of electric mobility with Hydrogen. After the deployment of at least 50 taxis in the next six months in Paris, we intend to expand cities in France and Europe," 

says Mathieu Gardies, founding president of STEP.

About Caisse des Dépôts Group

Caisse des Dépôts and its subsidiaries constitute a public group, a long-term investor serving the interest economic development of the Territories. Its mission was reaffirmed by the Modernization Act of the economy of 4 August 2008. Recognized for its expertise in managing mandates, the Group focuses on four transitions the long-term development of France: the territorial, ecological and energy, digital, demographic and social issues.

About HYPE and STEP

HYPE was launched in Paris in December 2015 by the Paris Electric Taxi Company (STEP), in partnership with the Air Liquide group, which is responsible for the deployment of the hydrogen which recharge the vehicles of the fleet. Beyond the vehicle, HYPE wants to improve the quality of service for customers, while building a lasting and balanced relationship with drivers, all employees on permanent contracts and interested in the success of the project.