HYDGEN

About HYDGEN

HYDGEN is a deep-tech company specializing in decentralized green hydrogen production through its proprietary Anion Exchange Membrane (AEM) electrolyzer technology. Founded in 2024 as a spin-off from the National University of Singapore's (NUS) Graduate Research Innovation Programme (GRIP 2.0), the company was established by Dr. Manippady Krishna Kumar (COO), Dr. Goutam Kumar Dalapati (CTO), and Dr. Michael Gryseels (Chairman). The founding team combines extensive expertise in physics, materials science, and tech entrepreneurship, with the core technology originating from research at NUS and Singapore's Agency for Science, Technology and Research (A*STAR). The company's business model centers on providing modular, on-site hydrogen generation systems to industrial clients, thereby addressing the high costs, logistical challenges, and supply unreliability of the traditional hydrogen supply chain. HYDGEN's AEM electrolyzers combine the low-cost benefits of alkaline technology with the performance and flexibility of Proton Exchange Membrane (PEM) systems, but without the need for expensive platinum-group metals. This approach allows the firm to deliver ultra-pure hydrogen at what it claims to be the lowest unit cost in the industry, directly at the point of use. HYDGEN serves a diverse industrial market, including sectors such as chemicals, semiconductors, lab-grown diamonds, mobility, refining, and pharmaceuticals. Its product offerings are scalable, with systems ranging from 1 kW to 100 kW, and a larger 250 kW single-stack unit currently in development to meet more substantial industrial demand. The company operates dual headquarters in Singapore and Mangalore, India, with the latter housing a manufacturing facility. After successful pilot deployments across India and Southeast Asia, several clients have progressed to commercial-scale operations. In a notable commercial milestone, the company dispatched eight multi-skid hydrogen systems to an industrial client in Surat, India, in March 2026. The company has secured significant financial backing to fuel its expansion. A seed round in early 2025 raised nearly SGD 2 million, led by Cloudberry Pioneer Investments. This was followed by a $5 million Pre-A round in October 2025, led by Transition VC, bringing total disclosed funding to approximately $6.5 million. These funds are allocated to upgrading its Mangalore facility to a semi-automated production line and facilitating expansion into markets in Japan, Europe, and the Middle East.