Michelin's stake in the fuel cell system developer, garnered for an undisclosed sum, is said to be "significant".
Tyre manufacturer Michelin Group has acquired a minority ownership stake in France-based fuel cell system developer Symbio FCell.
The exact details of the investment have not been disclosed but the minority stake was described by Symbio FCell as “significant”.
Previous investors in Symbio FCell include private equity firm IPSA and CEA Investissement, the investment subsidiary of French alternative energy government agency CEA.
Symbio FCell has integrated its fuel cell range extender in the Renault Kangoo ZE electric van, and adapted…
