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SG-India Green Hydrogen Startup Hydgen Secures $5 Million Pre-Series A

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  • Hydgen raises $5 Million pre-Series A led by Transition Venture Capital, with participation from Cloudberry Pioneer, Moringa Ventures, and family offices in India and Singapore.
  • Funds to scale Mangalore plant and support international expansion to Japan, Europe, and the Middle East for modular green hydrogen electrolyzers.
  • Focus on patented AEM technology enabling low-cost, on-site hydrogen production for industries like chemicals, steel, transport, and power, advancing decarbonization goals globally.

Hydgen, a Singapore and India-headquartered startup with expertise in Anion Exchange Membrane (AEM) electrolyzers for green hydrogen production, raised US$5 million in a pre-Series A funding round led by Transition Venture Capital.

The round was also joined by Cloudberry Pioneer Investments, Moringa Ventures, and a number of family offices in India and Singapore, reflecting increasing investor confidence in Hydgen's clean energy technology and its decarbonization potential in various industries.

The firm intends to use the new funds to scale up its Mangalore, India-based manufacturing plant that will be a production center for its next-generation modular electrolyzer systems. The investment will also finance Hydgen's international expansion into strategic regions like Japan, Europe, and the Middle East, where the need for dependable, cost-effective, and scalable green hydrogen solutions is growing exponentially in tandem with ambitious net-zero goals.

Hydgen's fundamental innovation is in its patented AEM electrolyzer technology, enabling low-cost, on-site, and on-demand hydrogen production optimized for industry customers. The combination of high performance with reduced capital and operational expenses enables the firm to position green hydrogen as a viable substitute for fossil fuels for industries like chemicals, steel, transportation, and power generation.

The company's modular electrolyzer systems are currently available in the 1 kW to 100 kW range, with a larger 250 kW stack in development to meet high-demand applications. As a spin-out of the National University of Singapore, Hydgen combines extensive research expertise and industry-focused engineering for delivering hydrogen innovation. The firm has already initiated a number of pilot programs in India, Singapore, and Southeast Asia to confirm the commercial scalability and performance of its technology in various environmental conditions.

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The pilots aim to show how localized hydrogen production can assist industrial customers with lowering logistics expenses, enhancing energy efficiency, and moving toward cleaner operations without having to replace infrastructure. The investment represents another milestone in the growth path of Hydgen as it aims to establish itself amongst the premier enablers of the world green hydrogen economy.

With solid support from climate technology and sustainable infrastructure-focused investors, the company will look to speed up product development, increase supply chain strengths, and forge strategic alliances with energy suppliers and industrial consumers globally.

As nations accelerate efforts to achieve climate targets and cut carbon emissions, hydrogen is rapidly emerging as a linchpin of the low-carbon transition. Hydgen's activities in creating cost-effective, high-performance electrolyzer solutions put the company at the forefront of this shift, providing a means of enabling decentralized, renewable-based hydrogen production that can fuel industries of the future.