Uber and HysetCo, a pioneer and leader in hydrogen mobility in Europe, are joining forces to strengthen their taxi and ride-hailing (VTC) offerings and accelerate the decarbonization of urban mobility. Uber is investing in HysetCo via a convertible loan to support its development and strengthen its taxi offering in Paris. This is the first time Uber has invested in a French company.

Uber supports HysetCo’s development. This partnership marks a major milestone for HysetCo, reinforcing its position as a leading hydrogen mobility operator in Europe. It also represents a first for Uber, which is choosing to invest in a French company and further anchor itself in the taxi sector.

Uber’s financial commitment takes the form of a convertible loan aimed at supporting HysetCo’s growth and strengthening Uber’s taxi offering.

This support is a key industrial lever for deploying concrete hydrogen solutions, enabling taxi and ride-hailing drivers to access Uber’s customer base and hydrogen vehicles under optimal conditions.

A strengthened Uber Taxi offering thanks to HysetCo’s taxi customers. Active in the taxi segment since October 2022, Uber continues to expand its offering for both users and taxi drivers. After launching fixed-price taxi rides in 2025, Uber now offers a business taxi range, “Business Taxi,” exclusively for Uber for Business clients.

By the end of 2026, HysetCo’s hydrogen vehicles will account for one in five vehicles eligible for the Business Taxi offering, marking a significant step in Uber’s positioning in the corporate taxi market. This growth is based on a goal of integrating nearly 2,000 premium hydrogen taxis from the HysetCo fleet over the next five years.

This deployment of high-end, zero-emission vehicles will drive the growth of Business Taxi, providing companies with a mobility solution that combines prestige, reliability, and sustainability.

Through this partnership, HysetCo’s taxi customers will be able to operate on the Uber platform. Like 5,000 taxis in the Paris region, they will benefit from strong demand for taxi rides on Uber and from technological features such as knowing the fare and destination before accepting a trip.

A proven industrial model built around hydrogen. To deploy this offering, Uber relies on HysetCo’s expertise and unique infrastructure, as the only player in Europe to have built an integrated industrial model dedicated to hydrogen mobility.

Active in the Île-de-France region for five years, HysetCo offers a full-service hydrogen vehicle leasing and management solution, including vehicle provision, maintenance, repairs, insurance, replacement, onboarding support, and access to its network of stations open 24/7.

This model is already proven, with more than 800 vehicles in operation—particularly in taxi and corporate fleet segments—and 90 million kilometers driven with zero emissions since 2021. The expansion into the ride-hailing market marks a new stage in scaling hydrogen mobility.

“This partnership with Uber sends a strong signal: hydrogen mobility is ready for large-scale deployment, especially for intensive use. The infrastructure is in place, the vehicles are available, and the demand is there. Uber’s commitment alongside us is a decisive and very positive step. Together, we are confidently pursuing an ambitious and concrete path toward decarbonized mobility and improved air quality,” said Loïc Voisin, President of HysetCo.

“By investing in HysetCo, a key player in the Paris taxi sector for nearly a century, we are further strengthening our presence in the taxi industry. With this partnership, our offering—already very popular among users and independent taxi drivers—will be strengthened in the B2B segment. In addition, hydrogen vehicles expand our range of zero-emission options for ride-hailing and represent another step toward clean mobility,” said Laureline Serieys, General Manager of Uber France.

“Hy24’s teams welcome this new partnership with Uber, which demonstrates the technological reliability, competitiveness, and quality of HysetCo’s integrated mobility offering. We are convinced that hydrogen electric vehicles provide an essential hybrid solution for decarbonizing intensive urban mobility, which is why we support HysetCo at every stage of its expansion in France and Europe,” concluded Pierre-Etienne Franc, Co-founder and CEO of Hy24 and majority shareholder of HysetCo.