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Deeptech startup HYDGEN has raised $5 million in a mix of equity and debt round led by Transition VC, with participation from Cloudberry Pioneer Investments, Moringa Ventures, and strategic family offices from India and Singapore.
The Mangalore and Singapore-based company will use the proceeds to upgrade its production facility to a semi-automated line, enhance its single-stack capacity to 250 kW, and expand operations to Japan, Europe, and the Middle East.
Founded as a spin-off from the National University of Singapore, HYDGEN builds anion exchange…
