Hydgen Raises $5 Million in Pre-Series A to Power India’s Green Hydrogen Revolution
- ByStartupStory | October 28, 2025
Indian clean tech startup Hydgen is making headlines with the successful close of its $5 million pre-Series A round, as global and domestic investors bet big on the promise of green hydrogen as the next frontier in renewable energy. This strategic infusion is poised to accelerate Hydgen’s scale-up, R&D, and commercialization of sustainable hydrogen solutions—cementing its role in India’s ambitious transition to cleaner fuels.
A Milestone for Clean Energy Innovation
Founded in 2023, Hydgen has quickly emerged as one of India’s most promising green hydrogen ventures. The startup is focused on developing modular, cost-effective electrolyzer technology to produce hydrogen from renewable electricity—tapping into surplus solar and wind resources in India’s heartland.
The $5 million raise drew support from a mix of climate-focused venture funds and strategic corporate investors, including both Indian families with legacy industrial backgrounds and international clean tech backers. The round signals rising confidence in domestic hydrogen hardware and solutions, as nations and corporations worldwide scramble to decarbonize their energy portfolios.
Meeting India’s Net Zero Ambitions
India’s government has declared ambitious plans to develop a 5-million-ton green hydrogen capacity by 2030, with a strong emphasis on local manufacturing and at-scale technology deployment.
Hydgen’s founders believe that indigenous innovation—tailored to Indian energy prices, industrial needs, and grid realities—will be crucial for affordable, reliable hydrogen production.
The newly raised capital will be invested in expanding Hydgen’s pilot portfolio across refineries, steel plants, and heavy transport projects, as well as ramping up engineering jobs and supply chain partnerships. The ultimate goal: deliver “hydrogen-as-a-service” to power sectors hardest to decarbonize, boosting both climate resilience and industrial competitiveness.
Technology Edge: Modular Electrolysers for Indian Conditions
Hydgen’s proprietary stack design and digital control systems are tailored to work efficiently in India’s often-volatile grid environment.
Unlike traditional, large-scale electrolyzers designed for temperate climates, Hydgen’s modular units can run at varying loads, handle robust temperature swings, and redeploy rapidly from one project to another—all essentials for the cost-sensitive Indian market.
Over the past year, Hydgen has rolled out demonstration projects with major public and private sector clients across Maharashtra, Tamil Nadu, and Gujarat. Results have underlined the technology’s ability to deliver high purity hydrogen at competitive costs, laying the groundwork for commercial contracts in fertilizer, mobility, and export-focused sectors.
Building India’s Hydrogen Ecosystem
Hydgen’s growth comes amid a much broader surge of activity in India’s green hydrogen landscape. Investors are pouring capital into electrolysis, storage, and transport solutions, while state governments offer incentives and offtake guarantees.
The startup is also partnering with leading academic institutions and startups to foster R&D in catalysts, power electronics, and hydrogen logistics. Hydgen’s leaders emphasize the importance of “ecosystem building”—clustering innovation, policy advocacy, and end-user engagement to create reliable demand streams and scale supply chains.
This collaborative approach, company executives argue, is what will set India apart from purely import-dependent strategies.
The Road Ahead: Balancing Scalability and Sustainability
With global energy giants and local conglomerates watching closely, Hydgen now faces the challenge of scaling up manufacturing, deploying demo plants at scale, and building a robust after-sales network.
The team’s roadmap includes establishing a new manufacturing facility on the outskirts of Bengaluru, expanding its engineering roster, and modernizing its digital operations to support remote device monitoring and AI-driven analytics for performance optimization.
Hydgen is also exploring partnerships for green hydrogen export, especially as Europe, the Middle East, and East Asia look to India as a cost-competitive source of clean fuel molecules.
A Message for Aspiring Cleantech Entrepreneurs
Hydgen’s co-founder and CEO, Priya Nair, sees this latest funding round as not just a win for the company, but for India’s burgeoning clean tech sector as a whole. “We are driven by the belief that green hydrogen can be India’s leadership story in the net zero transition,” she shared. “To fellow engineers, founders, and aspiring entrepreneurs: Now is the time to get into the sector. The need for local innovation and tenacious problem-solving has never been greater.”
Conclusion
Hydgen’s $5 million pre-Series A raise marks a significant step for Indian green hydrogen and the broader journey toward climate resilience and sustainable industry. With this capital, Hydgen is set to accelerate commercialization, deepen India-specific R&D, and showcase how homegrown solutions can have global impact.
As the green hydrogen wave builds, Hydgen stands at the forefront of an industry poised to play a decisive role in India’s—and the world’s—energy future.
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