HYDGEN, a Singapore and India-based green hydrogen innovator with proprietary anion exchange membrane (AEM) electrolyzer technology, has closed a $5 million Pre-A funding round, including equity and debt.
The firm said in a statement on Tuesday that the round was led by Transition Venture Capital (India), with participation from Cloudberry Pioneer Investments (Europe), Moringa Ventures (Singapore), and strategic family offices from India and Singapore.
The funding will accelerate HYDGEN’s aim to deliver ultra-pure, cost-efficient hydrogen available directly at the point of use.
With the new funding, HYDGEN will upgrade their current manufacturing facility in Mangalore, India to a semi-automated assembly line, providing a cost-efficient manufacturing hub for Asia and global markets.
It will also increase single AEM stack capacity to 250 kW, cementing HYDGEN’s leadership in industrial-scale AEM electrolyzers.
The funding also allows the firm to expand its presence in global markets like Japan, Europe and Middle East, where policy incentives and industrial hydrogen adoption are accelerating.
The firm will also be able to support commercialization efforts for on-site hydrogen generation for industrial users.
“Many discussions about hydrogen focus on its role in a clean energy future, but the urgent opportunity is enabling industries to have hydrogen where and when they need it, with purity they can trust,
“Our AEM electrolyzers 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,” said Dr. Manipaddy Krishna Kumar, Co-founder and Chief Operating Officer of HYDGEN.
It is noted that HYDGEN has developed a new class of AEM electrolyzers, combining the affordability of alkaline technology with the energy efficiency and operating flexibility of PEM, while eliminating the need for expensive platina-group metals.
“HYDGEN is the first team we’ve seen that can scale AEM electrolyzers to true industrial levels while maintaining cost leadership,
“This is not a research project anymore, it’s a commercially ready platform for industries already spending billions on hydrogen,” said Mohamed Shoeb Ali, Managing Partner at Transition VC.
Over the past year, HYDGEN has launched pilots across India, Singapore, and Southeast Asia, with several partners now scaling deployments, validating both market demand and technology readiness.
“What impressed us was HYDGEN’s ability to combine high-purity output with a low-CAPEX modular design,
“That combination is exactly what industrial users need to decarbonize today,” said Mahir Sahin, Founding Partner at Cloudberry Pioneer Investments.
These deployments demonstrate that HYDGEN’s solutions not only meet the purity and operational requirements of advanced industries, but also offer a practical, cost-efficient path to decarbonization, said the statement.
It is noted that global policy support, from India’s National Green Hydrogen Mission to Canada’s Clean Hydrogen Investment Tax Credit, is accelerating the adoption.
Across Europe and Asia, governments are offering grants and subsidies for industrial decarbonization.
Yet HYDGEN’s value proposition stands on its own: replacing trucked-in cylinders with on-site generation delivers immediate cost and reliability benefits, with incentives
serving as an added accelerator.
“Hydrogen is central to the world’s industrial and energy transition, yet much of today’s supply remains carbon-intensive and costly to transport,” said Theodora Lai, Partner and Co-founder, Moringa Ventures.
“We believe decentralized hydrogen production will reshape the $260 billion global hydrogen market,
“HYDGEN’s scalable AEM technology puts them ahead of that curve — solving industrial challenges while accelerating the clean transition — an innovation we’re proud to back at Moringa Ventures,” he added.
Dr. Goutam Dalapati, Co-founder and Chief Technology Officer of HYDGEN, also highlighted that the firm aims to make green hydrogen cheaper, purer, and always available where industries need it most.