HYDGEN Secures $5 Million to Expand Green Hydrogen Production
HYDGEN, a deeptech startup specializing in next-generation anion exchange membrane (AEM) electrolyzers, has raised $5 million in a funding round combining equity and debt, announced today, October 27, 2025.
The investment was led by Transition VC, with participation from Cloudberry Pioneer Investments (Europe), Moringa Ventures (Singapore), and strategic family offices based in India and Singapore. HYDGEN plans to utilize the funds to upgrade its manufacturing facility in Mangaluru, India, transitioning to a semi-automated production line and increasing single-stack capacity to 250 kW. The company also intends to expand its market reach into Japan, Europe, and the Middle East, regions experiencing rapid growth in industrial hydrogen adoption.
HYDGEN’s AEM electrolyzer technology aims to bridge the gap between alkaline and proton exchange membrane (PEM) systems, offering cost benefits while maintaining efficiency and flexibility – crucially, without relying on expensive platinum-group metals. Their modular units currently range from 1 kW to 100 kW, delivering ultra-pure hydrogen at a competitive price, and the development of a 250-kW stack is underway to address larger industrial demands. This technology is vital as global efforts to decarbonize industries accelerate, requiring scalable green hydrogen solutions. The company’s systems are designed for on-site hydrogen generation, reducing logistical challenges and bolstering supply chain resilience, a key benefit for industries seeking energy independence.
Founded as a spin-off from the National University of Singapore, HYDGEN has already deployed pilot projects in India, Singapore, and Southeast Asia, serving industrial, research, and mobility sectors. You can learn more about the growing hydrogen economy at the International Energy Agency. The company maintains research, development, and manufacturing operations across India and Southeast Asia, and is actively working to scale its production capabilities to meet increasing demand, as detailed in their company overview.
HYDGEN officials stated the funding will enable them to capitalize on the growing demand for decentralized green hydrogen solutions and solidify their position as a key player in the emerging hydrogen market.
