MARKET CAPITALISATION OF €11.7 MILLION
Paris – 23 December 2020 – Euronext today congratulates Hopium, the French manufacturer of high-end hydrogen-powered cars, on its listing on Euronext Access Paris (ticker code: MLHPI).
Hopium was founded in 2019 by the French racing driver Olivier Lombard with the aim of becoming the world's leading brand of hydrogen-powered vehicles and provide a response to contemporary environmental issues.
Given that the transport sector alone is responsible for 20% of greenhouse gas emissions, the company is positioning itself as a key player in addressing climate change. The first car manufacturer dedicated entirely to hydrogen-powered cars, Hopium intends to present the first prototype of its top-of-the-range model "Hopium Māchina" in 2021. This innovative carbon-neutral car will offer an exceptional range of more than 1000km and a record recharge time of 3 minutes.
Hopium will manufacture the car in France, its initial market, before deploying in Germany, China, South Korea, Japan and the United States.
The direct listing of Hopium took place on 23 December through the admission to trading of the 11,700,000 securities making up its equity. The issue price was set at €1.00 per share. Market capitalisation was €11.7 million on the day of listing.Olivier Lombard, founder and CEO of Hopium, said: "This new step is an essential milestone in our development strategy. It should give Hopium the means to fulfil its ambitions and enable it to acquire an international dimension. I would like to thank Euronext as well as all the partners who are enthusiastically supporting this unprecedented project. Together, we are working to preserve our environment, in search of a balance between man, nature and technology."
Caption: Olivier Lombard rang the bell virtually this morning to celebrate the listing of Hopium.
Founded by the French racing driver, Olivier Lombard, Hopium draws its values from the DNA of motor racing, imagining the first high-end zero emission hydrogen powered vehicle: "Hopium Māchina".
True technological breakthrough, the first prototype of which is expected in 2021, is not only carbon neutral, but can run for 1000 km and has a minimal recharge time of three minutes. Boasting over 500 horsepower, it combines top performance, connectivity, safety, and ergonomics as well as a unique luxury and sporty interior design.
A High Tech Manufacturer, Hopium aims to be a world leader in hydrogen-powered vehicles with a projected turnover of €1 billion by 2030.