Hydrogen Vehicle Systems (HVS), a pioneer in H₂-powered commercial vehicles and artificial intelligence (AI) solutions for the logistics and transport sectors, has secured its first international investment from Qatar’s Excelledia Ventures Group, a partnership which marks another critical milestone in HVS’s mission to revolutionize sustainable transportation.

HVS’s groundbreaking AI emissions reduction technology serves as the cornerstone of its strategy, optimizing diesel, battery, and H₂-powered trucks to enhance efficiency and reduce emissions. This unique approach not only addresses current environmental challenges but also accelerates the adoption of H₂-powered solutions worldwide.

Excelledia Ventures, globally recognized for its AI-enabled enterprise management software catering to corporations and governments – including Nestle, BP and Qatar’s Ministry of Foreign Affairs – brings synergies to HVS’s innovative approach.

"We specialize in AI software that optimizes business performance. Immediately we saw the potential in HVS’s AI innovations – it’s essentially the same transformative technology we use applied to the trucking industry," said Muhamed Farooque, CEO of Excelledia Ventures.

“We are delighted to announce this latest investment in HVS. Excelledia Ventures’ support enhances our eligibility for the £1-B Qatar-UK Climate Tech Fund, thanks to Excelledia’s strong relationships with key stakeholders such as Qatar’s Transport Authority and Qatar Investment Authority. Thanks to its resources and expertise, the Middle East is also uniquely positioned to lead the global H₂ charge and is already making significant progress,” said Abdul Waheed, HVS CEO.

"Our mission is to optimize diesel trucks for cleaner performance today while advancing H₂-powered trucks for tomorrow," Waheed explained.

HVS aims to further expand its impact with a NASDAQ listing in 2027, leveraging its Inngot IP valuation and Apricum’s market analysis to attract global investors.

This collaboration between HVS and Excelledia Ventures represents a powerful step forward in achieving sustainable transportation solutions, combining advanced H₂ technology with AI-driven efficiency to meet the demands of a rapidly evolving industry.