HYDGEN, a deep-tech firm focused on industrial-scale green hydrogen solutions, has secured $5 million through a combination of equity and debt in a funding round spearheaded by Transition VC, featuring contributions from Cloudberry Pioneer Investments (Europe), Moringa Ventures (Singapore), and strategic family offices from India and Singapore.

HYDGEN plans to leverage the investment to provide ultra-pure, cost-effective hydrogen directly at the point of consumption using its exclusive Anion Exchange Membrane (AEM) electrolyser technology, as stated in its announcement.

“While many talk about hydrogen's importance in a clean energy future, the pressing opportunity lies in providing industries access to hydrogen where and when they require it, with the reliability of purity,” stated Dr Manipaddy Krishna Kumar, Co-founder and COO of HYDGEN.

“Our AEM electrolysers enable businesses to generate hydrogen on-site at an affordable price, addressing supply chain issues now while equipping them for the upcoming shift to green hydrogen in the future,” adds Dr Manipaddy Krishna Kumar.

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HYDGEN was established by Dr Manipaddy Krishna Kumar, Dr Michael Gryseels, and Dr Goutam Dalapati. Its proprietary stack designs, which range from 1 kW to 100 kW and can be scaled up to 250 kW, provide ultra-high-purity hydrogen through a modular system with low capital expenditure, enabling industries to secure an affordable and dependable hydrogen supply on-site.

HYDGEN’s platform employs a hybrid method that integrates aspects of alkaline systems with the effectiveness of proton-exchange membrane technology, while steering clear of platinum-group metals. The modular AEM electrolysers are engineered for the cost-effective production of high-purity hydrogen, enabling industries to generate hydrogen on-site and on-demand, which decreases logistics expenses and enhances supply reliability.

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“HYDGEN is the first group we’ve observed that can scale AEM electrolysers to genuine industrial capacities while keeping cost advantages. This has transitioned from a research project to a commercially viable platform catering to industries that are already reliant on hydrogen today,” stated Mohamed Shoeb Ali, Managing Partner at Transition VC.

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"Decarbonization requires solutions that are practical as well as eco-friendly. HYDGEN’s decentralized approach enhances the efficiency and accessibility of hydrogen production. The firm intends to utilize the funds to enhance its Mangalore facility to a semi-automated line, increase its single-stack capacity to 250 kW, and venture into Japan, Europe, and the Middle East—regions experiencing robust policy backing for industrial hydrogen," stated Khoong Hock Yun, Managing Partner at Moringa Ventures.