China JV with a Nordic listed fuel cell company

WISER's affiliate enters into JV with a Nasdaq listed fuel cell technology company in China

Client Background

A Swedish hydrogen fuel cell company spun off from KTH Royal Institute of Technology, listed on Nasdaq First North. The company is a world leader in micro fuel cell technology, holding over 24 patent families with 100+ granted and pending patents. Its thin, modular PEM fuel cells deliver the highest energy density per volume and area, with zero emissions beyond pure water.

The Challenge

China has made hydrogen a national strategic industry, with aggressive targets for fuel cell deployment in transportation and stationary power. The company's technology was a strong fit, but entering China independently would require significant capital, a local entity, government relationships, and deep understanding of China's hydrogen ecosystem — none of which the company had in-house.

Our Role

We are a JV partner with the Company in Asia & China. Our team takes the role as their managing director China and lead the local operations and business development in the Chinese market.

Our Approach

WISER's affiliate entered into a Joint Venture with the company to establish operations in China. WISER provided the local platform — office, legal, HR, government relations — while the company contributed its technology and product expertise. Together they targeted China's emerging hydrogen applications in backup power, materials handling, and light mobility.

Results

- Joint Venture established in China
- Direct access to China's hydrogen industry ecosystem
- Zero upfront heavy asset investment for the client — all local infrastructure provided through WISER's shared platform