H2 Car manufacturer Riversimple Signs Deal with DHL

Hydrogen vehicle manufacturer Riversimple and DHL Supply Chain have announced a partnership to combine sustainable personal transport with green logistics

The Welsh firm and DHL have signed a Memorandum of Understanding with a focus on bringing sustainable zero emission vehicles to the UK market while designing a green supply chain from the outset

Riversimple Movement and DHL Supply Chain’s MoU has a number of collaborations:

⦁ Sustainability initiatives – in particular focusing on inventory logistics, transportation of goods, fulfilment and component lifetime tracking

⦁ Design and trialling of sustainable zero emission vehicles

⦁ Securing the financing required to reach volume production of highly efficient hydrogen vehicles

⦁ Exploring how the hydrogen economy can help DHL and Riversimple contribute to the Paris agreement climate goals and UN Sustainable Development Goals

Discussions are already underway, with DHL assisting Riversimple in preparation for its first full-scale sustainable manufacturing facility in Wales.

Mike Bristow, managing director, manufacturing logistics UKI at DHL Supply Chain, said: “It’s exciting to be partnering with a highly innovative company like Riversimple which has sustainability at the heart of its mission.

“As the world’s leading logistics company, it is our responsibility to guide the industry to a sustainable future, which is why we’ve recently launched ‘The Sustainability Playbook’, and partnering with Riversimple helps us deliver on our own environmental objectives.”

The Powys-based firm aims to start commercial production of its eco coupe, the Rasa, in 2024, and a light goods vehicle the following year. It is estimated that each plant would create around 220 direct skilled jobs, making 5,000 vehicles per annum, as well as indirect jobs in the supply chain. Riversimple recently appointed Gambit Corporate Finance LLP to lead an investment round that aims to raise £180m over the next three years providing funding for two Wales-based manufacturing plants.

Source: Business Live.

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