HYDGEN, a deeptech innovator pioneering industrial-scale green hydrogen generation, has raised US$5 million in a mix of equity and debt round led by Transition VC, with participation from Cloudberry Pioneer Investments (Europe), Moringa Ventures (Singapore), and strategic family offices from India and Singapore. The investment will accelerate HYDGEN’s efforts to make ultra-pure, cost-efficient hydrogen available directly at the point of use through its proprietary Anion Exchange Membrane (AEM) electrolyzer technology.
HYDGEN’s platform combines the affordability of alkaline systems with the efficiency and flexibility of PEM technology, while eliminating the need for expensive platinum-group metals. Its modular AEM electrolyzers deliver ultra-pure hydrogen at the lowest unit cost in the industry, enabling industries to generate hydrogen on-site and on-demand, drastically reducing logistics costs and improving supply resilience. HYDGEN’s current product range spans from 1 kW to 100 kW systems, with a 250 kW single stack in development to serve industrial-scale requirements.
“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,” said Dr. Manipaddy Krishna Kumar, Co-founder and COO of HYDGEN. “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.”
Over the past year, HYDGEN has launched pilot deployments across India, Singapore, and other regions in Southeast Asia, spanning industrial applications, research institutions, and mobility. Several partners have begun expanding their pilots into commercial-scale operations, validating both HYDGEN’s technological edge and the strong market demand for decentralized hydrogen generation.
“HYDGEN is the first team we’ve seen capable of scaling AEM electrolyzers to true industrial levels while maintaining cost leadership. This is no longer a research initiative but a commercially ready platform serving industries already dependent on hydrogen today,” added Mohamed Shoeb Ali, Managing Partner at Transition VC.
Khoong Hock Yun, Managing Partner at Moringa Ventures, also added, “Global decarbonization requires solutions that are not just green but practical. HYDGEN’s approach to decentralized hydrogen production can reshape the global supply chain by making hydrogen generation efficient, resilient, and accessible at the point of use.”
With this fundraise, HYDGEN will upgrade its production facility in Mangalore to a semi-automated manufacturing line; enhance its single-stack capacity to 250 kW; and expand its footprint in Japan, Europe, and the Middle East, where industrial hydrogen adoption and policy support are growing rapidly.
Incubated as a spin-off from the National University of Singapore, HYDGEN has established a cross-border presence with R&D and manufacturing capabilities in India and Southeast Asia. Its vision is to enable industries across sectors—including chemicals, semiconductors, refining, and mobility—to transition seamlessly to on-site green hydrogen with unmatched cost efficiency and reliability.
