Newtrace lands $6.3M in Pre-Series A round
In India, Newtrace has raised $6.3M in a Pre-Series A fundraise, led by HDFC Bank Limited and Mitsui Sumitomo Insurance Group, with participation from Peak XV Partners, Aavishkaar Capital, Speciale Invest, and Micelio. Newtrace is developing high-performance electrode technology for alkaline electrolyzers to improve efficiency and lower the cost of green hydrogen production. Our proprietary electrode, Voltagen, is designed as a drop-in upgrade for existing electrolyzers, enabling higher performance without requiring system redesign. This funding will support scaling pilot manufacturing of Voltagen electrodes, advancing customer validation and commercial partnerships, and expanding our engineering and manufacturing teams.
Category: Fuels
