Hopium, first manufacturer of high-end hydrogen-powered vehicles, lists on Euronext Access Paris

Back

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."

 

Hopium

Caption: Olivier Lombard rang the bell virtually this morning to celebrate the listing of Hopium.

 

About 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.

 

CONTACT HOPIUM Valérie Leseigneur (Agence VLC) :                               +33 (0)6 68 80 37 35; valerie@agencevlc.com

CONTACT EURONEXT Aurélie Cohen (Europe/Paris) :                                +33 1 70 48 24  45; acohen@euronext.com

Press Release Footer

About Euronext
Euronext is the leading pan-European market infrastructure, connecting local economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, The Netherlands, Norway and Portugal. With close to 1,500 listed issuers worth €4.5 trillion in market capitalisation as of end December 2020, it has an unmatched blue chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates Euronext Growth® and Euronext Access®, simplifying access to listing for SMEs. Euronext provides custody and settlement services through central securities depositories in Denmark, Norway and Portugal.
For the latest news, find us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.

© 2021, Euronext N.V. - All rights reserved.