What we do
Institutional investors
Equity products
AI Co-Investment Facility
Cleantech Co-Investment Facility
Impact investing at the EIF
Climate & Infrastructure Funds
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
Documentary Finance Facility – Bulgaria
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
Normandie Garantie Agri
FAIRE - La Réunion
Auvergne Rhône-Alpes FEADER
Recovery Equity Fund of Funds of Bulgaria
Fons d’Inversió en Tecnologia Avançada (FITA) Catalonia
Dutch Future Fund (DFF)
Dutch Alternative Credit Instrument (DACI)
PORTUGAL BLUE: a new initiative for blue economy investments
JEREMIE Greece Reflows – Business Angels’ Co-Investment Equity Instrument
German Corona Matching Facility (CMF)
Portugal Growth programme
Central and Eastern European Technology Transfer (CEETT)
Croatian Growth Investment Programme (CROGIP) II
Croatian Growth Investment Programme (CROGIP)
Croatian Venture Capital Initiative 2 (CVCi 2)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
The Cyprus Entrepreneurship Fund (CYPEF)
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
EU4Business Capped Guarantee
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
The German Future Fund (GFF) - EIF Growth Facility
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
Call for Expression of Interest for FOSTER II
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
Romania Recovery Equity Fund of Funds
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund 1 (LFF)
Luxembourg Future Fund 2
Mezzanine 'Fund of Fund' for Germany (MDD)
NEOTEC resources
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)
EAFRD FoF Greece
Irish Innovation Seed Fund (IISF)
RRF Czech Republic Fund of Funds

Oazer: emission-free transport


Oazer, based in Umeå in northern Sweden, is a company that provides hydrogen systems adapted to subarctic and arctic climates to customers who want zero-emission hydrogen solutions, building a network of refuelling stations across their geographical market and offering a viable green alternative to battery- and fossil-fuel-powered vehicles.

“In places like northern Sweden, distances are huge. When it comes to heavy duty, long-distance transportation, battery-powered transport isn’t good enough. That’s why we are developing the hydrogen-powered alternative,” explains Edith Sundqvist, deputy CEO of Oazer.

One of the challenges however, is overcoming the commitment of vehicle manufacturers, policymakers and others to battery-powered vehicles. “Companies that have invested in battery think twice before switching to hydrogen. And they have an important voice in the market, with politicians, bankers etc.” explains Edith. “And not enough trucks are using hydrogen yet, so our customers don’t always see the business opportunity immediately. But things are changing now and especially with the long distances up north, people are seeing the value proposition. The market exploded last year and we have lots of requests right now.”

With this in mind, Oazer, whose name is a nod to being an oasis in a desert of pollution, sought an EIF-guaranteed loan from Almi to finance their growth aspirations. “It was a loan targeting companies offering green solutions, and that runs in our DNA: everything from the paper used for business-cards, the ink, our give-aways and the actual product. You can’t say you are a green company if you’re not following it up in every part of the daily running of the company,” Edith explains. The loan went towards boosting the company’s marketing and sales efforts, including a big event in Stockholm to raise awareness around the hydrogen solution, as they look to build the market.

“Finance has always been a challenge. The technology is largely unknown, and it’s difficult for financiers to gauge risk. Plus we are involved in large, expensive projects. To participate in this kind of business, you need economic stability so that client is assured that you are reliable and will deliver what you promised.” But the company is sticking to its plan and can proudly say that they are as green as it gets: “We offer not just a refuelling station but the opportunity to buy a whole refuelling system: storage, production, dispenser, and the climate adaptation part as well. It’s very important for the cold climates in the north. And it’s all really clean: the power we use is only wind and water – that’s 100% renewable, zero emissions, zero waste. The potential is huge.”

Location: Umeå, Sweden

Financial Intermediary: Almi

SME: Oazer

Sector: transport & energy

Number of employees: 4 (+30 consultants)

Financing purpose: marketing and sales

EU financing: EGF

For further information about EIF intermediaries in Sweden, please refer to: http://www.eif.org/what_we_do/where/se/index.htm

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.


Copyright ©

 European Investment Fund   – The European Investment Fund is not responsible for the content of external internet sites.