Riversimple designs and manufactures hydrogen fuel cell electric cars in Wales that it will provide through an innovative mobility as a service contract. Customers will pay each month for mobility service, Riversimple will maintain the vehicle and pay for fuel.
QSA, through Innovate UK funding, LIFE REbus funding and directly, has worked with Riversimple over a number of years, helping it develop a financial model for investment and also unique set of sale of service/circular economy propositions for customers. In addition, we’ve developed new models with suppliers – from tyres to fuel cells – so the system can be optimally designed for each model of car.
‘QSA have brought valuable commercial proposition and financial knowledge to Riversimple and greatly aided our journey into offering circular business models’
Dr Stafford Lloyd System & Sustainability Engineer