Hykit Limited secures £3m to scale hydrogen infrastructure for heavy industry

Modular hydrogen infrastructure for the construction and agricultural sectors is the primary focus of Hykit Limited, which has recently secured an estimated £3m in new funding. This investment brings the Bicester-based company to an estimated post-money valuation of £21.3m.

Founded in 2024, Hykit develops hardware solutions including compressors, storage units, and refuelling systems. The company aims to provide agile infrastructure that allows heavy machinery and transport vehicles to utilise green hydrogen in sectors that are currently underserved by existing fuel networks. The company's modular approach is designed to be agile, allowing for the deployment of refuelling systems in varied industrial environments. This technology is specifically tailored for heavy-duty machinery where traditional battery-electric solutions may face operational limitations.

Financial records for the year ended 31 December 2024 show the company had six employees at that time. More recent data from LinkedIn suggests the workforce has since grown to 25 people. The company operates from its headquarters in Bicester and maintains a digital presence at hykit.com.

The recent capital injection follows an allotment of shares that took place in April, with corresponding documentation filed in May. This funding supports the manufacture of special-purpose machinery designed to move and store hydrogen fuel efficiently.

In March, Steven Neville Hardman was appointed as a director of the company. Hykit continues to target the heavy-duty vehicle market, providing the technical components necessary for hydrogen adoption in industrial environments.