HVR Energy secures €20M to expand hydrogen station network
The Spanish hydrogen refueling operator has raised €20 million in Series A funding to accelerate the rollout of its hydrogen station network, targeting 75 locations across Spain by 2030.
HVR Energy has closed a €20 million Series A funding round to accelerate the expansion of its hydrogen refueling infrastructure across Spain, strengthening its position in the country's emerging hydrogen mobility sector.
The round was led by Sandton with a €15 million commitment, while Barents Re invested €3 million and project sponsor Langur contributed €2 million. The transaction values HVR Energy at €100 million before the capital increase and €120 million after the investment.
With the new funding, the company said it has mobilized more than €53 million since 2025 to support the deployment of hydrogen refueling infrastructure. The capital will primarily be used to expand the network's geographic coverage, develop new stations and enhance the company's technical and operational capabilities.
HVR Energy aims to operate 75 hydrogen stations across Spain by 2030. The company opened its first site in Coslada, near Madrid, in 2023 and has since focused on developing infrastructure for both commercial fleets and hydrogen-powered passenger vehicles.
The funding comes as European regulations, including AFIR and RED III, continue to encourage investment in alternative fuel infrastructure. HVR Energy views hydrogen as a complementary solution to battery-electric mobility, particularly for transport applications requiring long range, high utilization rates and fast refueling.
