In a significant boost to India’s clean energy ecosystem, HYDGEN, a Bengaluru-based green hydrogen startup, has raised $5 million in a Series A funding round led by Transition Energy Ventures, with participation from CleanTech Asia Fund and several angel investors from the renewable energy sector. The fresh infusion of capital will help the company expand its production capacity, accelerate technology development, and strengthen its R&D initiatives focused on low-cost green hydrogen generation.
A Push Toward Affordable Green Hydrogen
Founded in 2021 by Anirudh Mehta and Sanjana Rao, HYDGEN focuses on producing green hydrogen using electrolysis powered by renewable energy sources like solar
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