Indian and Singaporean start-up Hydgen has raised $1.5m to scale its decentralised AEM green hydrogen production technology to meet demand in small and mid-sized industries.
The seed round, led by Cloudberry Pioneer Investments, saw participation from the National University of Singapore (NUS), TK & Partners, and angel investors.
The funding will support the development of a 2MW manufacturing facility in India to scale production of its AEM electrolysers, develop a 25kW single-stack system, and begin expanding across India and Southeast Asia.
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