HYDGEN, a company focused on green hydrogen technology, has raised $5 million in a Pre-Series A funding round led by Transition VC.
Other investors in the round include Cloudberry Pioneer Investments from Europe, Moringa Ventures from Singapore, and several family offices from India and Singapore.
HYDGEN specializes in Anion Exchange Membrane (AEM) electrolyzer technology, which helps produce hydrogen efficiently and cleanly.
The new funds will be used to develop and deliver ultra-pure, low-cost hydrogen directly at the point of use, making clean energy more accessible and practical.
“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.
Founded in 2021 by Dr. Manipaddy Krishna Kumar, Dr. Michael Gryseels, and Dr. Goutam Dalapati, HYDGEN has developed its own stack designs that range from 1 kW to 100 kW and can scale up to 250 kW. These systems produce ultra-pure hydrogen using a low-cost, modular setup, allowing industries to generate clean hydrogen directly on-site in an affordable and reliable way.
HYDGEN’s technology combines the best features of alkaline and proton-exchange membrane systems while avoiding the use of expensive platinum-group metals. Its modular AEM electrolysers make it possible to produce high-purity hydrogen on demand, reducing transport costs and improving supply stability.
Over the last year, HYDGEN has started pilot projects in India, Singapore, and Southeast Asia. Many of its partners are now expanding these projects, showing strong market interest and the readiness of its technology.
These pilots have proven that HYDGEN’s systems can meet strict purity and performance standards, offering industries a practical and cost-efficient solution to cut carbon emissions.
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