Hycosys, a Bengaluru-based deeptech engineering startup, has raised over $1 million (around INR 9 crore) in a seed funding round led by MountTech Growth Fund – Kavachh. The capital will be deployed to strengthen the company’s engineering team and access advanced testing facilities to develop a micro gas turbine (MGT), with the goal of demonstrating a working clean energy alternative to diesel-based power generators by mid-2027.
Founded by aerospace engineering duo, Dr Tapish Agarwal and Ugandhar Reddy, Hycosys is developing a fuel-flexible MGT with applications across distributed power, aerospace and mobility. The MGT is essentially an advanced propulsion system or jet engine capable of running on 100% hydrogen, natural gas, or blended fuels.
Plans are also underway to diversify, integrating the MGT with micro grids and heavy commercial vehicle range extenders, and supply advanced propulsion units engineered for integration with large fixed-wing drones and aircrafts.
At the heart of the startup’s innovation is a hydrogen-optimised combustor, 3D-printed heat recovery unit, and advanced turbine design, currently being tested at IIT-BHU. The approach significantly boosts efficiency, while making the MGT up to 30% lighter than existing systems.
“As per industry reports, India currently has over 227 GW of installed diesel generator capacity, primarily catering to industrial backup and captive power requirements. Replacing even 1% of this installed base with clean power alternatives represents a multi-billion-dollar market opportunity, underscoring the massive transition potential within distributed energy alone,” stated Hycosys. “The partnership with MGF-Kavachh is strategically positioned to address that gap by delivering a scalable, indigenously developed solution that reduces import dependence and accelerates India’s transition to cleaner alternatives through Make-In-India technologies.”
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