Deeptech startup HYDGEN raises $5M to make cost-efficient hydrogen

HYDGEN, a deeptech firm creating industrial-scale inexperienced hydrogen know-how, has raised $5 million in a mixture of fairness and debt in a spherical led by Transition VC, with participation from Cloudberry Pioneer Investments (Europe), Moringa Ventures (Singapore), and strategic household workplaces from India and Singapore.

HYDGEN goals to utilise the funding to make ultra-pure, cost-efficient hydrogen straight obtainable on the level of use by its proprietary Anion Change Membrane (AEM) electrolyser know-how, in line with its launch. 

“Many talk about hydrogen’s give attention to its position in a clear vitality future, however the pressing alternative is about enabling industries to have hydrogen the place and after they want it, with purity they’ll belief,” mentioned Dr Manipaddy Krishna Kumar, Co-founder and COO of HYDGEN. “Our AEM electrolysers enable firms to provide hydrogen on-site at a aggressive value, fixing provide chain challenges immediately whereas getting ready them for the broader transition to inexperienced hydrogen within the years forward.” 

Based by Dr Manipaddy Krishna Kumar, Dr Michael Gryseels, and Dr Goutam Dalapati, HYDGEN’s proprietary stack designs—starting from 1 kW to 100 kW and scaling as much as 250 kW—ship ultra-high-purity hydrogen in a low-capex, modular system that empowers industries to attain reasonably priced and dependable hydrogen provide on-site.

@media (max-width: 769px) {
.thumbnailWrapper{
width:6.62rem !necessary;
}
.alsoReadTitleImage{
min-width: 81px !necessary;
min-height: 81px !necessary;
}

.alsoReadMainTitleText{
font-size: 14px !necessary;
line-height: 20px !necessary;
}

.alsoReadHeadText{
font-size: 24px !necessary;
line-height: 20px !necessary;
}
}

Additionally Learn

Deeptech startups want simpler entry to capital: Ather CEO

HYDGEN’s platform makes use of a hybrid strategy that mixes parts of alkaline methods with the effectivity of proton-exchange membrane know-how, whereas avoiding the usage of platinum-group metals. Its modular AEM electrolysers are designed to provide high-purity hydrogen cost-effectively, permitting industries to generate hydrogen on-site and on-demand, lowering logistics-related bills and enhancing provide reliability.

“HYDGEN is the primary workforce we’ve seen able to scaling AEM electrolysers to true industrial ranges whereas sustaining value management. That is not a analysis initiative however a commercially prepared platform serving industries already depending on hydrogen immediately,” mentioned Mohamed Shoeb Ali, Managing Accomplice at Transition VC. 

“Decarbonisation wants options which are each inexperienced and sensible. HYDGEN’s decentralised mannequin makes hydrogen era extra environment friendly and accessible. The corporate plans to make use of the funds to improve its Mangalore facility to a semi-automated line, scale its single-stack capability to 250 kW, and broaden into Japan, Europe, and the Center East—markets seeing sturdy coverage help for industrial hydrogen,” added Khoong Hock Yun, Managing Accomplice at Moringa Ventures.