HYDGEN, a deeptech innovator pioneering industrial-scale green hydrogen generation, has raised US$5 million in a mix of equity and debt round led by Transition VC, with participation from Cloudberry Pioneer Investments (Europe), Moringa Ventures (Singapore), and strategic family offices from India and Singapore. The investment will accelerate HYDGEN’s efforts to make ultra-pure, cost-efficient hydrogen available directly at the point of use through its proprietary Anion Exchange Membrane (AEM) electrolyzer technology.
HYDGEN’s platform combines the affordability of alkaline systems with the efficiency and flexibility of PEM technology, while eliminating the need for expensive platinum-group metals. Its modular AEM electrolyzers deliver ultra-pure hydrogen at the lowest unit cost in the industry, enabling industries to generate hydrogen on-site and on-demand, drastically reducing logistics costs and improving supply resilience. HYDGEN’s current product range spans from 1 kW to 100 kW systems, with a 250 kW single stack in development to serve industrial-scale requirements.
“Many discussions about hydrogen focus on its role in a clean energy future, but the urgent opportunity is enabling industries to have hydrogen where and when they need it, with purity they can trust,” said Dr. Manipaddy Krishna Kumar, Co-founder and COO of HYDGEN. “Our AEM electrolyzers allow companies to produce hydrogen on-site at a competitive cost, solving supply chain challenges today while preparing them for the broader transition to green hydrogen in the years ahead.”
Over the past year, HYDGEN has launched pilot deployments across India, Singapore, and other regions in Southeast Asia, spanning industrial applications, research institutions, and mobility. Several partners have begun expanding their pilots into commercial-scale operations, validating both HYDGEN’s technological edge and the strong market demand for decentralized hydrogen generation.
“HYDGEN is the first team we’ve seen capable of scaling AEM electrolyzers to true industrial levels while maintaining cost leadership. This is no longer a research initiative but a commercially ready platform serving industries already dependent on hydrogen today,” added Mohamed Shoeb Ali, Managing Partner at Transition VC.
Khoong Hock Yun, Managing Partner at Moringa Ventures, added, “Global decarbonization requires solutions that are not just green but practical. HYDGEN’s approach to decentralized hydrogen production can reshape the global supply chain by making hydrogen generation efficient, resilient, and accessible at the point of use.”
With this fundraise, HYDGEN will upgrade its production facility in Mangalore to a semi-automated manufacturing line; enhance its single-stack capacity to 250 kW; and expand its footprint in Japan, Europe, and the Middle East, where industrial hydrogen adoption and policy support are growing rapidly.
HYDGEN is a deeptech startup developing next-generation AEM electrolyzers for decentralized, on-demand green hydrogen production. Founded as a spin-off from the National University of Singapore, the company operates across multiple countries with manufacturing based in India. HYDGEN’s proprietary stack designs—ranging from 1 kW to 100 kW and scaling up to 250 kW—deliver ultra-high-purity hydrogen in a low-CAPEX, modular system that empowers industries to achieve affordable and reliable hydrogen supply on-site.
Woodside Energy said its 1.1 million tonnes per annum (MTPA) Beaumont New Ammonia Project is 97% complete, with Phase 1 targeting first ammonia production from late 2025. The Australian petroleum exploration and production company added that the project completion and associated payment of the remaining 20% of the acquisition consideration is expected in 2026. The company defines the project in Texas as “one of the world’s first ammonia plants paired with auto thermal reforming with 95% carbon dioxide capture.” In its third quarter report, Woodside Energy also confirmed that it is working on its Hydrogen Refueller in Perth, Western Australia. It is a self-contained hydrogen production, storage, and refuelling station. “Commissioning activities have commenced on site in preparation, ready for startup in Q4 2025. First hydrogen production is targeting the first half of 2026”, said Woodside Energy, underlining that Woodside will collaborate with Japan Suiso Energy and Kansai Electric Power to develop a liquid hydrogen supply chain between Australia and Japan.
Australia and India held the 5th Meeting of the India-Australia Energy Dialogue today, 16th October 2025, in New Delhi. “The discussions covered aspects of global transition to net zero emissions, practical cooperation and promoting dialogue in the field of energy efficiency and enabling technologies, recognising the role of green hydrogen,” said the Indian government. According to the Australian government, the collaboration will focus on technology, supply chains, workforce development, and knowledge sharing.
Daimler Truck, Hamburger Hafen und Logistik (HHLA), and Kawasaki Heavy Industries have signed a Memorandum of Understanding (MoU) to explore the development of a supply chain for green liquid hydrogen via the Port of Hamburg to the European hinterland. “The partners bring complementary expertise to the table: Kawasaki Heavy Industries as an experienced technology provider in the field of hydrogen infrastructure, HHLA as a European network logistics provider, and Daimler Truck as a global commercial vehicle manufacturer with a focus on CO2-neutral battery-electric and hydrogen-based drive systems,” said the companies in the press release. This collaboration is designed to make Hamburg a hydrogen hub in Europe.
Austria also aims to position itself as a hub for green hydrogen in Europe, investing 275 million euros in four projects. “While the EU is dividing just under one billion euros among 15 projects in five member states, Austria alone is investing 275 million euros in four national projects – that is location policy with emphasis. We are showing that we are at the forefront in Europe and are actively shaping the industrial ramp-up,” said Minister of Economic Affairs Wolfgang Hattmannsdorfer. The country introduced two new hydrogen regulations: Hydrogen Investment Subsidy Regulation and Hydrogen Certification Regulation (WstVO). It then confirmed the Hydrogen Promotion Act (WFöG) while working on the New Gas Industry Act (GWG). Austria is also interested in the Hydrogen Southern Corridor. The pipeline connection from North Africa via Italy and Austria to Central Europe is considered one of the priority EU hydrogen corridors. A joint declaration with Germany, Italy, Algeria, and Tunisia laid the foundation for bringing green hydrogen to Austria and Germany on an industrial scale by 2035.
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