Belgium & Italy-based PUNCH Group develops, integrates & produces transmission (– “PUNCH Powerglide”) & engine solutions (kinetic energy recovery & storage systems – “PUNCH Flybrid”) mainly focused on hybrid, hydrogen & electric vehicles. With an annual turnover of over €600m, the firm has 1,750 employees across 7 locations in Europe & Asia. “The EIB’s support will be a key factor in implementing our vision of sustainable mobility for all. We wish to expand our technological expertise in the field of electric & hydrogen propulsion. We believe in the huge potential of hydrogen engines, especially for heavier or commercial vehicles, off-road vehicles & the marine sector,” says Guido Dumarey who founded the company in 2005. <Source: Silicon Canals>
