Hydgen, a Singapore- and India-based startup developing anion exchange membrane electrolyzers for green hydrogen production, has raised US$5 million in a pre-series A round led by Transition Venture Capital.

Other investors include Cloudberry Pioneer Investments, Moringa Ventures, and several family offices from India and Singapore.

The company will use the funds to upgrade its manufacturing facility in Mangalore, India, and expand into markets such as Japan, Europe, and the Middle East.

Hydgen’s technology enables on-site, on-demand hydrogen generation for industrial users and has launched pilot projects in India, Singapore, and Southeast Asia.

The startup, spun out from the National University of Singapore, produces modular electrolyzer systems from 1 kW to 100 kW, with a 250 kW stack in development.

🔗 Source: Hydgen