Riversimple, a Wales-based hydrogen-electric car company, recently announced it received an invitation to participate in the Dubai Future Accelerator program. This news comes as the company successful secures more than £1 million through its equity crowdfunding campaign on Seedrs.
As previously reported, Riversimple designed a new car, the Rasa, which reportedly emits nothing but a tiny amount of water and will do the equivalent of c250mpg. Charging takes only three minutes and the range is 300 miles.
“Air quality is acknowledged to be a massive and urgent challenge, and we believe the Rasa is best in class. It emits nothing but pure water vapour, no NOx. Thanks to its low weight, skinny tyres and highly regenerative braking, the Rasa has been designed to minimise the particulates from our tyres and brakes. We intend to make a clean car practical and accessible to all those who would like to replace their diesel and petrol cars but don’t see how a battery electric car can work for them. Hydrogen fuel cell cars will have an increasingly significant role to play in the UK as we work towards replacing diesel and petrol cars by 2040.”
The company’s first crowdfunding round, which took place in early 2017, funded important development of software and telemetry as well as hardware.
Speaking about its invitation from the Dubai Future Accelerator program, the Riversimple team stated:
“Riversimple has been invited to participate in the highly prestigious Dubai Future Accelerators programme. Run by the Dubai Government under the auspices of the Crown Prince of Dubai, the DFA, to quote the organisers, ‘is a unique program for cutting-edge entrepreneurs… to use the city as a living testbed for creating solutions to the global challenges of tomorrow’.”
The latest crowdfunding round is set to close later this spring.
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