Porsche, Baker Hughes and majority shareholder AME all invested in the round, which will support the deployment of HIF's hydrogen fuel projects.
Chile-headquartered alternative fuel developer HIF Global raised $260m on Wednesday from investors including funds run by carmaker Porsche, energy technology producer Baker Hughes and energy utility AME, which remains its majority shareholder.
Energy-focused private equity firm EIG and family office Gemstone Investments filled out the participants in the round. Michael Steiner, a member of Porsche’s executive board, will join HIF’s board of directors together with EIG chairman and CEO R Blair Thomas.
Formed by AME, HIF has developed a system…
