DeepTech Startup HYDGEN Raises US$5 Million Led By Transition VC To Deliver Industrial-Scale Green Hydrogen On-Site And On-Demand

HYDGEN, a deeptech innovator focused on industrial-scale green hydrogen generation, announced that it has raised US$5 million in a combination of equity and debt funding. 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 new funding will support HYDGEN’s mission to make ultra-pure, cost-efficient hydrogen accessible directly at the point of use through its proprietary Anion Exchange Membrane (AEM) electrolyzer technology.

HYDGEN’s AEM platform merges the affordability of traditional alkaline systems with the efficiency and adaptability of proton exchange membrane (PEM) technology—without relying on costly platinum-group metals. The company’s modular electrolyzers are designed to deliver ultra-pure hydrogen at the lowest unit cost in the industry, enabling industries to generate hydrogen on-site and on-demand. This approach significantly reduces transportation and storage expenses while enhancing supply reliability. HYDGEN currently offers systems ranging from 1 kW to 100 kW, with a 250 kW single-stack model under development to meet the growing industrial demand for large-scale hydrogen generation.

Dr. Manipaddy Krishna Kumar, Co-founder and Chief Operating Officer of HYDGEN, emphasized that while green hydrogen is often discussed in the context of the future energy landscape, the immediate opportunity lies in solving today’s industrial supply challenges. He stated that HYDGEN’s AEM electrolyzers allow companies to produce hydrogen where and when they need it, offering high purity and competitive costs that make decentralized production a reality.

Over the past year, HYDGEN has launched pilot projects across India, Singapore, and Southeast Asia, covering a wide range of applications from industrial manufacturing to research institutions and mobility solutions. Several of these pilot partners have already begun scaling up to commercial operations, demonstrating both the technical performance and market readiness of HYDGEN’s technology.

Mohamed Shoeb Ali, Managing Partner at Transition VC, praised HYDGEN’s breakthrough, noting that it is the first company capable of scaling AEM electrolyzers to true industrial levels while maintaining cost leadership. He described HYDGEN’s platform as a commercially viable solution that is already meeting the needs of hydrogen-dependent industries.

Khoong Hock Yun, Managing Partner at Moringa Ventures, added that global decarbonization requires technologies that are not only sustainable but also practical and scalable. He noted that HYDGEN’s decentralized production model has the potential to transform the global hydrogen supply chain by making clean hydrogen generation more efficient, resilient, and accessible.

With this latest investment, HYDGEN plans to upgrade its manufacturing facility in Mangalore to a semi-automated production line, increase its single-stack capacity to 250 kW, and expand into new markets including Japan, Europe, and the Middle East—regions witnessing rapid industrial hydrogen adoption and supportive policy developments.

Originating as a spin-off from the National University of Singapore, HYDGEN has established a cross-border presence with research, development, and manufacturing operations in India and Southeast Asia. The company’s long-term vision is to enable industries across sectors—such as chemicals, semiconductors, refining, and mobility—to transition seamlessly to on-site green hydrogen production with unmatched cost efficiency, purity, and reliability.