Green hydrogen startup Hydgen raises $5 million from Transition Venture capital, others

Hydgen, a deeptech startup developing on-site green hydrogen for industrial use cases, has raised pre-series A funding of $5 million in an equity-debt mix round led by Transition Venture capital. Cloudberry Pioneer Investments (Europe), Moringa Ventures (Singapore), and strategic family offices from India and Singapore also participated in the round.

The funds raised will be used to make clean, low-cost hydrogen available directly at the point of use using Hydgen’s proprietary AEM electrolyser, a system that splits water into hydrogen using…