HysetCo
HysetCo is a French hydrogen mobility startup operating the first 24/7 hydrogen refueling network in France and an 800-vehicle fleet, providing all-inclusive zero-emission vehicle leasing, fuel, insurance, and maintenance subscriptions to professional fleets (taxis, VTCs, artisans, corporate fleets) in Île-de-France.
- Company typePrivate
- Founded2021
- HeadquartersSaint-denis, France
- Headcount51–100
- GTM typeB2B
- OfferingServices
What HysetCo does
HysetCo is a French hydrogen mobility startup headquartered in Saint-Denis, Île-de-France, that provides zero-emission transportation solutions to professional fleet operators. Founded in 2020/2021, the company has built the first 24/7 hydrogen refueling network in France, operating 8 stations in Île-de-France anchored at strategic locations including Roissy-CDG, Orly, Le Bourget, and Porte de Saint-Cloud airports, plus additional sites at Carrefour hypermarkets and a partner station at Les Loges-en-Josas. The Porte de Saint-Cloud station is the largest in Europe, with an on-site electrolyzer producing up to 1 tonne of low-carbon hydrogen per day at both 350 and 700 bar pressures.
The company's core offering is an all-inclusive monthly subscription bundling hydrogen vehicle leasing, fuel, insurance, maintenance, and—for taxi operators—license management through its SLOTA channel partnership. HysetCo operates a fleet of 800 hydrogen vehicles (Toyota Mirai passenger cars and Peugeot e-Expert Hydrogen light commercial vehicles from Stellantis), distributing more than 23 tonnes of hydrogen per month to customers who have collectively driven over 100 million zero-emission kilometers since 2021. Revenue is generated through recurring subscription contracts on the fleet side and usage-based hydrogen fuel sales at company-operated stations, with additional revenue from short-term vehicle rentals launched in July 2024.
HysetCo primarily serves Paris taxi operators, VTC and ride-hailing drivers (including through the Uber platform following Uber's April 2026 convertible loan investment), artisans and independent professionals requiring Crit'Air 0 light commercial vehicles, and corporate fleets pursuing ESG and ZFE regulatory compliance. Ownership is anchored by Hy24's Clean H2 Infra Fund (majority shareholder following the April 2024 €200M round) alongside strategic corporate shareholders Air Liquide, TotalEnergies, Toyota, Kouros, and Uber, with public-sector support from the European Commission, ADEME, France Relance, Île-de-France Region, and the Clean Hydrogen Partnership.
HysetCo firmographics
Firmographics- Name
- HysetCo
- Legal name
- Hysetco
- Website
- https://hysetco.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- HysetCo is a French hydrogen mobility startup operating the first 24/7 hydrogen refueling network in France and an 800-vehicle fleet, providing all-inclusive zero-emission vehicle leasing, fuel, insurance, and maintenance subscriptions to professional fleets (taxis, VTCs, artisans, corporate fleets) in Île-de-France.
- Ownership category
- akta.pro rank
HysetCo industry classification
Industry- Product category
- Hydrogen Mobility Services
- NAICS
- Industrial Gas Manufacturing (325120), Support Activities for Transportation (488)
- SIC
- Electric, Gas & Sanitary Services (4900), Natural Gas Distribution (4924)
- akta.pro primary industry
- Hydrogen (Industrial & Mobility) (IMAEACAB)
- akta.pro secondary industries
- Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems) (IMAGAHAM), Alternative-Fuel Bus & Coach Leasing/Rental (CNG/LNG/Hydrogen) (TLABADAJ), Hydrogen Storage Terminals, Depots & Bulk Logistics (Siting, Loading/Unloading) (EUAFAEAI)
Keywords
Where HysetCo is headquartered
LocationHeadquarters
- HQ city
- Saint-denis
- HQ country
- France
- HQ region
- Europe
Offices1 record
Markets served
HysetCo business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Supply Chain, Marketing or Sales
Revenue model
- Vehicle Leasing: All-inclusive hydrogen vehicle leasing packages that include vehicle rental, insurance, maintenance, and hydrogen fuel supply. Single contract approach for fleet management with no upfront capital investment required from customers.
- Hydrogen Fuel Sales: Hydrogen fuel distribution through owned and operated refueling stations. Customers receive hydrogen as part of their all-inclusive packages or can refuel at HysetCo stations.
- Fleet Management Services: Comprehensive fleet management including administrative formalities, approved workshops, insurance, relay parks, and training services bundled with vehicle leasing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | All-inclusive fleet package for professionals |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels3 records
HysetCo product offering
Product offeringCore offering
HysetCo provides integrated hydrogen mobility solutions combining hydrogen vehicle leasing, hydrogen fuel supply, insurance, and maintenance services for professional fleets in France. The company operates the first dedicated hydrogen refueling network in France, with stations concentrated in the Île-de-France region, enabling zero-emission transportation for taxi operators, VTC drivers, corporate fleets, and independent professionals.
Differentiator
Problem solved
Functional benefit
Products and services
- All-inclusive hydrogen vehicle leasing
Quantifiable outcome
- 100 million kilometers driven in zero-emission hydrogen mobility
- +3 more outcomes
Companies that use HysetCo
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles2 records
HysetCo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
HysetCo partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Air LiquidecoreLong-term renewable hydrogen supply agreement signed in November 2024. Air Liquide will supply renewable hydrogen from its Normand'Hy electrolyzer project to HysetCo's Île-de-France station network for decarbonized transportation.
- LhyfeminorFirst renewable hydrogen supply contract signed in July 2024. Lhyfe, a pioneer in green and renewable hydrogen production, supplies hydrogen to HysetCo's Île-de-France network.
- StellantiscoreOrder of 150 hydrogen-powered light utility vehicles (VUL) - Peugeot e-Expert Hydrogen - announced at Hyvolution 2024. First order at this scale for hydrogen VULs in France.
- CarrefourcorePartnership to deploy 5 hydrogen refueling stations at Carrefour hypermarket locations in Île-de-France by summer 2024. Stations opened at Drancy, Collégien, and Pontault-Combault sites.
- Hyvia (Renault)minorPartnership with Renault's hydrogen mobility entity Hyvia for light utility hydrogen vehicles (Renault Master Hydrogen) to accelerate hydrogen mobility for professional fleets.
- SLOTAcoreTaxi partner since 1932 providing dedicated offerings for taxi operators including license management, vehicle leasing, and administrative services alongside HysetCo's hydrogen vehicles.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
HysetCo competitors and assessment
Company assessmentBroad incumbents
- Plug Power: Plug Power is a US-based hydrogen fuel cell and green hydrogen infrastructure company, operating at much larger scale across material handling, mobility, and stationary applications. It is a broad incumbent in the same hydrogen mobility space.
- Air Liquide: Air Liquide is a global industrial gas incumbent, hydrogen producer, and HysetCo shareholder/supplier. It operates in the same hydrogen ecosystem at much greater scale and overlaps with HysetCo on station deployment and H2 supply.
- Toyota Motor Europe: Toyota is a HysetCo shareholder and vehicle supplier via the Mirai fuel cell platform. It is a broad incumbent in hydrogen mobility, supplying H2 vehicles globally and shaping the supply chain HysetCo depends on.
- Hyundai Motor Group (Hydrogen): Hyundai is a global OEM with hydrogen fuel cell vehicles (Nexo) and commercial H2 vehicle programs. It is a broad incumbent shaping H2 vehicle supply and competing for fleet mobility customers in Europe.
Emerging players
- McPhy Energy: McPhy is a French hydrogen production and distribution equipment manufacturer. It is an emerging player serving overlapping hydrogen mobility infrastructure customers in France and Europe, including refueling station deployment.
- Hyzon Motors: Hyzon is a hydrogen fuel cell vehicle company focused on commercial trucks and vans. It targets similar professional fleet decarbonization use cases as HysetCo and competes for the same European fleet customers.
Direct peers
- HRS (Hydrogen Refueling Solutions): HRS is a French company specializing in hydrogen refueling station design, manufacturing, and deployment. It is a direct comparable in hydrogen refueling infrastructure, with overlapping customers and similar technology stack.
- Hype (formerly STEP / TaxiCo Hype): Hype operates hydrogen-powered taxi fleets in Paris and other French cities, directly competing with HysetCo in the hydrogen taxi/VTC segment with similar all-inclusive service models and access to the same Paris taxi market.
- Lhyfe: Lhyfe is a French renewable hydrogen producer that supplies HysetCo's network. It is a peer in the French hydrogen mobility value chain, sharing the same mobility decarbonization mission and serving overlapping end markets.
- Hyvia (Renault): Hyvia is Renault's hydrogen mobility joint venture producing light commercial hydrogen vehicles. It is both a vehicle supplier and a potential competitor deploying similar H2 fleet solutions for professional fleets in France and Europe.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
HysetCo social profiles
Digital presenceHysetCo financial estimates
Financial estimateRevenue estimate
Valuation estimate
HysetCo leadership team
Management profileNumber of profiles
Profiles1 record
HysetCo funding detail
Funding detailFunding overview
Funding rounds2 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HysetCo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about HysetCo
What does HysetCo do?
HysetCo provides integrated hydrogen mobility solutions combining hydrogen vehicle leasing, hydrogen fuel supply, insurance, and maintenance services for professional fleets in France. The company operates the first dedicated hydrogen refueling network in France, with stations concentrated in the Île-de-France region, enabling zero-emission transportation for taxi operators, VTC drivers, corporate fleets, and independent professionals.
Is HysetCo a public or private company?
HysetCo is a private company. It is classified as venture growth investor backed and is currently operating.
When was HysetCo founded?
HysetCo was founded in 2021. It employs 51 to 100 people.
Where is HysetCo based?
HysetCo is headquartered in Saint-denis, France, in the Europe region.
How does HysetCo make money?
Three revenue lines are on record. Vehicle Leasing is the primary driver. The others are hydrogen Fuel Sales and fleet Management Services.
Who are HysetCo's main competitors?
Broad incumbents on record are Plug Power, Air Liquide, Toyota Motor Europe and Hyundai Motor Group (Hydrogen). Emerging players are McPhy Energy and Hyzon Motors. Direct peers are HRS (Hydrogen Refueling Solutions), Hype (formerly STEP / TaxiCo Hype), Lhyfe and Hyvia (Renault).
Does HysetCo have an API?
No public API is recorded for HysetCo.
What industry is HysetCo in?
HysetCo's product category is Hydrogen Mobility Services. Its primary akta.pro industry code is IMAEACAB, Hydrogen (Industrial & Mobility), with a secondary code of IMAGAHAM, Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems). Its NAICS code is 325120 and its SIC code is 4900.