Newtrace Secures $6.3 Million in Pre-Series A Funding to Revolutionize Green Hydrogen Production, ETEnergyworld

<p>L to R, Rochan Sinha, Co-founder & CTO and Prasanta Sarkar, Co-founder & CEO.</p> — L to R, Rochan Sinha, Co-founder & CTO and Prasanta Sarkar, Co-founder & CEO.

Newtrace, a deeptech startup developing electrode and electrolyser technologies for green hydrogen production, on Tuesday announced that they have raised $6.3 million in a Pre-Series A funding round led by HDFC Bank Ltd and Mitsui Sumitomo Insurance Venture Capital.

The funding will be applyd to support pilot-scale manufacturing, customer validation and supply agreements, and expansion of manufacturing and engineering capabilities.

The company stated in the official document that it developed Voltagen, a proprietary advanced electrode technology designed for alkaline water electrolysers, intfinished to improve energy efficiency, extfinish system lifetime and reduce hydrogen production costs.

Newtrace expects to launch initial commercial deliveries of Voltagen electrodes within the next 12 months.

Voltagen is designed as a drop-in replacement for existing electrodes, allowing electrolyser manufacturers and hydrogen producers to upgrade system performance without redesigning equipment. The company has also commercialised membraneless electrolyser technology as part of its broader platform.

“Green hydrogen’s cost problem is fundamentally a materials and manufacturing challenge. Voltagen represents a new materials foundation that enables the efficiency and durability required to create green hydrogen cost competitive. This funding allows us to transition from proving the science to scaling manufacturing,” stated Prasanta Sarkar, CEO and Co-Founder of Newtrace.

According to the official press release, the round also saw participation from Peak XV Partners, Aavishkaar Capital, Speciale Invest, Micelio Technology Fund, and angel investors Manish Prataprai Gandhi and Renu Manish Gandhi.

Newtrace primarily serves electrolyser OEMs, green hydrogen project developers and industrial gas companies, supporting the growing electrolyser manufacturing ecosystem in India and international markets.

“We built Newtrace to address the most critical and underinvested component of the electrolyser stack. Our focus now is on translating our technology into reliable, scalable manufacturing that can serve the global hydrogen economy,” stated Rochan Sinha, CTO and Co-Founder of Newtrace.

Headquartered in Bengaluru, Newtrace develops technologies aimed at improving the efficiency and reducing the cost of green hydrogen production.