Deeptech startup HYDGEN raises $5Mn funding in round

HYDGEN, a green hydrogen innovator with proprietary anion exchange membrane (AEM) electrolyzer technology, has raised $5M in a Pre-A funding round led by Transition VC.

The round also saw participation from Cloudberry Pioneer Investments (Europe), Moringa Ventures (Singapore), and strategic family offices from India and Singapore.

The company plans to use the investment to deliver ultra-pure, cost-effective hydrogen directly at the point of use through its proprietary Anion Exchange Membrane (AEM) electrolyser technology.

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“Many discuss hydrogen's focus on its role in a clean energy future, but the urgent opportunity is about enabling industries to have hydrogen where and when they need it, with purity they can trust,” said Dr Manipaddy Krishna Kumar, Co-founder and COO of HYDGEN. “Our AEM electrolysers allow companies to produce hydrogen on-site at a competitive cost, solving supply chain challenges today while preparing them for the broader transition to green hydrogen in the years ahead.” 

“HYDGEN is the first team we’ve seen capable of scaling AEM electrolysers to true industrial levels while maintaining cost leadership. This is no longer a research initiative but a commercially ready platform serving industries already dependent on hydrogen today,” said Mohamed Shoeb Ali, Managing Partner at Transition VC. 

“Decarbonisation needs solutions that are both green and practical. HYDGEN’s decentralised model makes hydrogen generation more efficient and accessible. The company plans to use the funds to upgrade its Mangalore facility to a semi-automated line, scale its single-stack capacity to 250 kW, and expand into Japan, Europe, and the Middle East—markets seeing strong policy support for industrial hydrogen," added Khoong Hock Yun, Managing Partner at Moringa Ventures.

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About HYDGEN

Founded in 2021 by Dr Manipaddy Krishna Kumar, Dr Michael Gryseels, and Dr Goutam Dalapati, HYDGEN’s proprietary stack designs, ranging from 1 kW to 100 kW and scalable up to 250 kW, produce ultra-pure hydrogen through a low-cost, modular system that enables industries to access affordable, reliable on-site hydrogen.

HYDGEN’s platform takes a hybrid approach, blending the strengths of alkaline systems with the efficiency of proton-exchange membrane technology—without using costly platinum-group metals. Its modular AEM electrolysers produce high-purity hydrogen affordably, enabling industries to generate hydrogen on-site and on-demand, cutting logistics costs and boosting supply reliability.

Over the past year, HYDGEN has launched pilot projects across India, Singapore, and Southeast Asia, with several partners now scaling up deployments—proving both market demand and technology readiness.
These projects show that HYDGEN’s solutions meet the strict purity and performance needs of advanced industries while providing a practical, cost-effective route to decarbonization.

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