Green hydrogen start-up Hydgen has raised US $5 million in a pre-Series A round led by Transition Venture Capital, with additional backing from strategic family offices in India and Singapore. The company is focused on developing on-site green hydrogen solutions for heavy-industry applications—an area gaining traction amid global efforts to decarbonise manufacturing and energy-intensive sectors.
What to watch:
- Hydgen’s move signals investor interest in industrial-scale hydrogen tech, beyond consumer clean energy.
- Being India-Singapore backed, the startup may tap regional supply-chain and manufacturing advantages.
- For founders, the message is clear: solutions targeting hard-to-abate sectors (like hydrogen for industry) are drawing VC attention.
