HYDGEN, a deeptech startup developing next-generation anion exchange membrane (AEM) electrolyzers for decentralized and on-demand green hydrogen production, has raised $5 million in a mix of equity and debt funding. 

Advertismentbanner

The round was led by Transition VC, with participation from Cloudberry Pioneer Investments (Europe), Moringa Ventures (Singapore), and strategic family offices from India and Singapore.

The startup said the fresh capital will be used to upgrade its Mangaluru manufacturing facility into a semi-automated production line, enhance its single-stack capacity to 250 kW, and expand its presence across Japan, Europe, and the Middle East, regions witnessing accelerated industrial hydrogen adoption and policy support.

HYDGEN’s proprietary AEM electrolyzer platform combines the cost advantages of alkaline systems with the efficiency and flexibility of proton exchange membrane (PEM) technology, while eliminating the need for costly platinum-group metals.

Its modular units, currently ranging from 1 kW to 100 kW, are designed to deliver ultra-pure hydrogen at a competitive cost, according to the company. A 250-kW single-stack version is under development to meet industrial-scale demand.

The startup said its systems enable industries to generate hydrogen directly at the point of use, cutting logistics costs and improving supply resilience. Over the past year, HYDGEN has deployed pilot projects across India, Singapore, and other Southeast Asian markets for industrial, research, and mobility applications.

Founded as a spin-off from the National University of Singapore, HYDGEN now operates with research, development, and manufacturing capabilities in both India and Southeast Asia.