EVERFUEL A/S Herning,Denmark ,6 January, 2022 -Everfuel , DRIVR andToyota enter agreement on expanding the market for fuel-cell taxis. The parties announce a five-year collaboration agreement that will scale the current number of fuel-cell taxis inCopenhagen, Denmark . Currently, over 100 ofToyota's hydrogen cars, Mirai, are driving the streets ofCopenhagen , as taxis at the Danish taxicab carrier, DRIVR. The three companies have a joint ambition of reaching 500 Mirais inCopenhagen by the end of 2025, and more than 200 by the end of 2022, which will significantly contribute to the decarbonization of the Danish capital. All three parties have an established concept, and they look forward to the continuous symbiosis between the vehicle manufacturer, the taxicab company, and the hydrogen provider, that will move the market for fuel-cell vehicles substantially forward.Everfuel already delivers hydrogen to DRIVR's taxis and will be the sole hydrogen provider throughout the five-year contract.Everfuel is now working actively at establishing further hydrogen refuelling stations in theGreater Copenhagen area to meet the increasing demand from the new Mirai taxis and other vehicle segments. The collaboration betweenToyota , DRIVR, andEverfuel has in 2021 proven how hydrogen taxis are a part of a fossil-free future. That serves as a solid foundation for the companies' future collaboration, and they are now looking into expanding further outsideDenmark to offer green transportation to even more taxi customers. "We could not be more excited to enter into the agreement with DRIVR andToyota . We atEverfuel will deliver locally produced green hydrogen to the project and build additional infrastructure to meet the increasing demand for zero-emission mobility. It is a substantial step in our proof-of-business phase, where we in collaboration with our partners, show how the entire hydrogen value chain can be connected. We look very much forward to the continuous collaboration with DRIVR andToyota to make hydrogen happen and decarbonize transportation at scale," saysJacob Krogsgaard , the CEO atEverfuel . "The agreement withToyota andEverfuel is a commitment to hydrogen, and we are thrilled to have both companies on board to scale hydrogen taxis. With the agreement in hand, we are now prepared to meet the growing demand for fossil -free taxis among our customers, and we are proud to assist in the green transition within mobility. We see it as a major milestone, and look forward to exploring the further potential of hydrogen taxis," says Haydar Shaiwandi, the CEO at DRIVR "This is a huge step towards decarbonization ofCopenhagen , andToyota is proud to be a part of one of the biggest green taxi initiatives inEurope . We see the Mirai as a perfect match for the taxi industry, where the drivers will experience a car that is fully refuelled within 3-5 minutes, and customers have a smooth and emission-free experience driving throughCopenhagen ," saysBo Svane , General Manager for Mobility and New Businesses at Toyota Denmark A/S For additional information, please contact Lea Vindvad Hansen, Investor Relations& Communications Manager,Everfuel , +45 61 93 02 05 AboutEverfuel | www.everfuel.comEverfuel is making green hydrogen for zero-emission mobility commercially available acrossEurope , offering competitive all-inclusive hydrogen supply- and fueling solutions. We own and operate green hydrogen infrastructure and partner with vehicle OEMs to connect the entire hydrogen value chain and seamlessly provide hydrogen fuel to enterprise customers under long-term contracts. Green hydrogen is a 100% clean fuel made from renewable energy and key to electrification of the transportation sector inEurope and a sustainable future. We are a young ambitious company, headquartered in Herning,Denmark , and with activities inNorway ,Denmark ,Sweden ,The Netherlands ,Germany andBelgium , and a plan to grow acrossEurope .Everfuel is listed on Euronext Growth inOslo underEFUEL .
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