Hystar AS announced that it has raised NOK 264 million in equity round of funding co-led by new investor Mitsubishi Corporation and returning investor AP Ventures LLP on January 11, 2023. The transaction included participation from new investors Finindus, Nippon Steel Trading Corporation, Hillhouse Investment Management, Ltd., Shanghai Trust Bridge Partners Management Co., Ltd., returning investors SINTEF TTO AS, and Firda As.