HYDGEN, a Singapore‑ and India‑based deep‑tech firm developing on‑site green hydrogen generation systems, has closed a US$5 million pre‑Series A funding round.
The equity‑and‑debt mix round was led by Indian investment firm Transition Venture Capital, with further participation from Cloudberry Pioneer Investments (Europe), Singapore‑based Moringa Ventures and several strategic family offices from India and Singapore.
HYDGEN will use the funding to upgrade its manufacturing facility in Mangaluru, India, moving toward semi‑automated production; increase the capacity of its single‑stack Anion Exchange Membrane (AEM) electrolyser to 250 kW; and expand its go‑to‑market footprint in Japan, Europe and the Middle East.
The company’s modular electrolyser systems currently span 1 kW to 100 kW and are designed for industrial clients to generate hydrogen on‑site and on‑demand. HYDGEN considers its AEM stacks to blend the cost benefits of alkaline systems with the performance of proton‑exchange membrane units while avoiding expensive platinum‑group metal catalysts.
HYDGEN was founded as a spin‑out from the National University of Singapore and maintains R&D and manufacturing operations in Singapore and India.
Investors say the round signals growing commercial readiness of decentralised hydrogen systems and increasing investor appetite for industrial‑scale green‑hydrogen tech. “This is no longer a research initiative but a commercially ready platform serving industries already dependent on hydrogen today,” stated Mohamed Shoeb Ali, Managing Partner at Transition VC.
This funding comes as global industry interest rises in hydrogen solutions that can serve heavy‑industry users, cut logistics and supply‑chain friction, and support decarbonisation of hard‑to‑abate sectors.
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