Hydrogen Cars Going Mainstream - Toyota is Releasing a Hydrogen-powered Prius and Corolla!: PowerTap Hydrogen CEO Raghu Kilambi Available to Discuss
I have the CEO of PowerTap Hydrogen Fueling Corp Raghu Kilambi, available to discuss the huge news that Toyota will be bringing two hydrogen powered cars (https://www.hydrogenfuelnews.com/hydrogen-car-toyota-prius/8548186/) to the mass market by the end of next year, and the sorts of dramatic changes we are witnessing in the automobile market today.
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Check out Raghu on Bloomberg. (https://www.youtube.com/watch?v=xDmQtE5KWYk)
*Toyota is one of the largest car manufacturers in the world, and this will guarantee that hydrogen powered vehicles will be owned by thousands of more people as a result.
*While it previously released the Mirai H2, that is a fairly expensive vehicle. This will bring the hydrogen fuel technology to cars that are affordable by a much larger percentage of the population.
*It doesn't end with just commercial vehicles, as they also plan to produce H2-powered heavy trucks.
*Toyota plans to be â€œhydrogen neutralâ€??? by 2050, a goal set by many other companies, and countries as it relates to overall emissions.Â
The Major Point:
Raghu can talk about the significance of hydrogen technology being introduced to cars that the general public can afford, and what his company is doing with expanding hydrogen fueling infrastructure that will go hand-in-hand with making hydrogen cars a much larger part of our automotive lives in the very near future.
PowerTap is one of the top, lowest cost onsite hydrogen fueling technology services. Its revolutionary technology allows them to produce on-site hydrogen versus the storage tank and delivery model, which is expensive to make and transport. PowerTap technology-based hydrogen fueling stations are located near LAX airport in California, Texas, Massachusetts, and Maryland, with plans to expand.Â
About Raghu Kilambi: Raghu Kilambi, CEO and CFO of Powertap Hydrogen Corp,Â is an experienced investor and entrepreneur with over 25 years of global business experience in public and private investments, building businesses and creating shareholder value. He has raised over $1 billion of equity and debt capital for private and public companies and been involved in many M&A acquisitions and exits. Raghuâ€™s experience includes operational management, financial reporting, corporate governance, corporate finance, public offerings,strategic acquisitions and investments, international business development, merchant banking and corporate restructuring in sectors including technology, telecom and mobile. Most recently, Raghu was Vice Chairman & CFO of California-based ConversionPoint (e-Commerce software/services) which was sold in 2 M&A exits in prospectus for an Oppenheimer-led IPO in 2019. In addition, Raghu was previously the Co-Founder, CFO and Chief Strategy Officer of a leading VC-backed first generation application hosting company that grew from a startup to $140 million in annual revenues and a peak Nasdaq market capitalization of over US $2 billion. Raghu has also been an investor in companies that were acquired by Yahoo, eBay and CGI. He graduated with Great Distinction with a Bachelor of Commerce and a Graduate Diploma in Public Accounting from McGill University, and qualified as a Canadian Chartered Accountant (inactive).
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