Craig Corporate has played a pivotal role as the lead advisor in securing a significant £5 million funding round for ULEMCo Limited, the world’s first hydrogen commercial vehicle conversion company.

This funding round marks a crucial milestone for ULEMCo Limited, renowned for its pioneering efforts in developing ultra-low emission technology solutions. With the support of Craig Corporate, ULEMCo is poised to accelerate its development activities in hydrogen dual fuel, fuel cell and zero-carbon emission combustion. These deliver low carbon transport solutions based on hydrogen and create further demand for the clean fuel.

“We are thrilled to have led the funding round for ULEMCo Limited,” said Ross McAdam, Director at Craig Corporate. “Their commitment providing and developing decarbonising solutions within transportation, aligns perfectly with our values of supporting innovative companies that drive positive change.”

Ross will now start a new role with ULEMCo as its part-time CFO, bringing further financial leadership to the business, further demonstrating Craig Corporate’s ability to create, enhance, protect and realise shareholder value.

“We are grateful for the expertise and dedication demonstrated by Craig Corporate throughout this funding round,” said Amanda Lyne, Managing Director and Founder at ULEMCo Limited. “Their strategic guidance and industry insights have been instrumental in securing this investment, and I look forward to Ross continuing to support the company in his role as CFO as we embark on the next phase of our growth.”