H2 Green Steel completes series A financing

The Swedish green impact company H2 Green Steel (“H2GS”) has completed a USD 105 million series A financing round. The series A investors include a mix of strategic and financial investors.

H2GS aims to accelerate the transformation of the European steel industry. The company will be a large-scale steel producer based on a fossil-free manufacturing process primarily targeting large European OEMs. H2GS has been developed in close collaboration between the founding investor Vargas and several strategic and long-term investors, that are global leaders in sustainability and digitalisation.

H2GS was advised by Mannheimer Swartling in the transaction.