Safra's Strategic Partnership with Asian Players to Revitalize Hydrogen Bus Business
Key Ideas
  • Safra, a French hydrogen bus manufacturer, is facing challenges with its group entities but is finalizing a partnership with an Asian manufacturer to accelerate its industrial growth.
  • The hydrogen bus division of Safra, Safra SA, has secured orders for its next-generation Hycity model and aims to raise several tens of millions of euros through the partnership.
  • Despite a drop in turnover, the division has received significant funding between 2021 and 2024 and is in discussions with an Asian investment fund for additional capital infusion.
  • The partnership includes an industrial collaboration with a major Asian bus manufacturer, likely from China, showing a positive outlook for Safra's hydrogen bus business.
Safra, a French hydrogen bus maker, is undergoing a challenging period with its group entities facing varying financial situations. While Safra Agencement, the shopfitting subsidiary, is under receivership due to revenue decline, Safra Automobile, focused on bodywork repairs, remains stable after restructuring its operations. Safra SA, the hydrogen bus division, has seen a decrease in turnover but has secured orders for its new Hycity model and raised substantial funding from 2021 to 2024. To boost its growth, Safra is finalizing a partnership with an Asian investment fund and a major bus manufacturer from Asia, likely Chinese, to bring in additional capital and expand into the European market. The strategic alliance aims to revitalize Safra's hydrogen bus business and accelerate its industrial development, showcasing a positive outlook for the company's future.
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