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Deep-tech startup Hydgen raises $5 m to build on-site green hydrogen solutions
Hydgen raised US$5 m for on-site green-hydrogen tech targeted at industry clients, marking continued climate-tech investor interest in India.
Indian startup Hydgen has secured US$5 million in a pre-Series A funding round led by Transition Venture Capital, joined by Cloudberry Pioneer Investments (Europe), Moringa Ventures (Singapore) and family offices from India and Singapore. Hydgen develops on-site green hydrogen systems aimed at industrial clients looking to decarbonise heavy-industry operations. The capital will support pilot deployments, manufacturing ramp-up and overseas expansion. The raise signals investor interest in climate-tech and hydrogen infrastructure in India, even as overall startup funding remains muted this quarter.