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Energy Tech Series C Founded 2020

Hygenco

Hygenco Green Energies is a provider of green hydrogen and green ammonia production and distribution solutions, offering a gas-as-a-service model where the company designs, builds, finances, owns, and operates green hydrogen plants. The company uses proprietary simulation technology for plant design optimization and IoT, digital twins, and machine learning for autonomous live operations. Hygenco's modular plant…

📍 Gurugram, India · Energy Storage Tech,

Funding snapshot

Last roundSeries C
Amount$105M
Date8 June 2026
Total raised$130M
Valuation123,235 (Oct 20, 2022)
Team size112

About

Hygenco Green Energies is a provider of green hydrogen and green ammonia production and distribution solutions, offering a gas-as-a-service model where the company designs, builds, finances, owns, and operates green hydrogen plants. The company uses proprietary simulation technology for plant design optimization and IoT, digital twins, and machine learning for autonomous live operations. Hygenco's modular plant designs are replicable from 1 MW to gigawatt scale, and it was the first in India to build a commercial-scale green hydrogen project, with supplies starting in 2024. The company serves industries including iron and steel, fertilizers, oil refineries, chemicals, glass, food, and pharmaceuticals, as well as petroleum and gas blending, mobility and transport, and power grids. Founded in 2020 and headquartered in Gurugram, India, Hygenco has raised approximately $130.4 million at the Series C stage from investors including Neev Fund, Trifecta Capital, IFC, Siemens, and Fullerton Carbon Action Fund.

Business model

Renewable Energy Tech > Solar Energy > Applications > Hydrogen Generation > PEM Electrolysis,

Energy Storage Tech > Hydrogen > Ammonia Production > Carbon Free

Team background

Company Wise > Boston Consulting Group,

College Wise > London Business School (LBS), University of Edinburgh, IIT Bombay

Institutional investors

Neev Fund Trifecta Capital IFC Siemens Fullerton Carbon Action Fund Sumit Gupta Ihab Al Haj Khalil Rahul Singh Rahul Gupta Shivashish Bhattacharjee Gaurav Kishore

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