Hydrexia Holding Limited, an integrated H₂ technology solution provider in China, has completed its Series D of private equity financing. This series is led by Qingdao Ocean Investment Group (QOIG) and joined by previous rounds investors SB China Venture Capital, Yixing Environment Science & Technology Fund, MY Tsinghua Capital and others.

With the conclusion of the Series D financing, Hydrexia has completed a total of four rounds of private equity financing in the past 7 yr, during which it has evolved to become a technology and market front runner in the H₂ industry in China, offering innovative and breakthrough products and solutions across the industry value chain.

"We are very happy to have won the confidence of investors in our business. Their financial support will facilitate us to further travel along the technological path of our journey to continued success," said Alex Fang, the chairman and CEO of Hydrexia. "With the favorable policy and business environment globally, the H₂ energy market presents huge business opportunities ahead. We believe the raised capital will enable us to enhance our R&D and product delivery capabilities to better serve the needs of our customers."

"We have chosen to invest in Hydrexia because of its demonstrated solid technology leadership and proven business execution capabilities," said Shuzhi Liu, the chairman of the board of QOIG. "Hydrexia team has performed extremely well in response to the rising needs of the H₂ industry to quickly capture business opportunities."

With its strong technology capability, Hydrexia continues to solidify its market leadership with a focus on alleviating the bottlenecks of the H₂ industry. Hydrexia believes it has become the first company in the industry to have commercialized its breakthrough magnesium-based solid-state technology for H₂ storage and transportation.