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HYDGEN Secures $5 Million in Equity and Debt to Accelerate Affordable Green Hydrogen Production
Oct 28, 2025
HYDGEN, an industrial-scale green hydrogen producer, has raised $5 million in a mix of equity and debt funding to advance its efforts in delivering ultra-pure, cost-efficient hydrogen through its proprietary electrolyzer technology.
The round was led by Transition VC, with participation from Cloudberry Pioneer Investments (Europe), Moringa Ventures (Singapore), and several strategic family offices from India and Singapore.
The company plans to utilize the new funds to upgrade its manufacturing facility in Mangalore, Karnataka, to a semi-automated production line, boost its single-stack electrolyzer capacity to 250 kW, and expand operations across Japan, Europe, and the Middle East.
HYDGEN’s anion-exchange membrane (AEM) electrolyzer platform integrates elements of alkaline and proton exchange membrane (PEM) systems, eliminating the need for costly platinum-group metals. This hybrid approach allows the company to produce ultra-pure hydrogen at lower costs, enabling industries to generate hydrogen on-site and on-demand.
Its product lineup spans 1 kW to 100 kW systems, serving industrial, mobility, and research applications. HYDGEN currently operates pilot projects across India, Singapore, and Southeast Asia, several of which have transitioned to commercial-scale operations using its proprietary technology.
The company’s growth comes amid a global push toward low-emission hydrogen. According to the International Energy Agency’s Global Hydrogen Review 2025, low-emissions hydrogen production grew 10% in 2023 and is projected to reach 1 million tons (MT) by the end of 2025 — still less than 1% of total global hydrogen output.
Despite challenges such as high costs, regulatory hurdles, and slow infrastructure development, the clean hydrogen market is expected to expand to 170 MT by 2030 and 600 MT by 2050, according to Deloitte’s 2023 Global Green Hydrogen Outlook. Achieving this scale will require an estimated $9 trillion in cumulative global investment, with developing economies accounting for around $3.1 trillion.