Hygenco sells green hydrogen and ammonia production solutions for various industries.
hygenco.inLinkedInIndiaEnergyFounded 2020
8 sources · checked 1 time, last 43d ago
IFC reports signed definitive agreements with closing subject to conditions, while Fuel Cells Works and Hydrogen Europe say the round closed; IFC’s own release is preferred. Neev II is identified as a 2022 investor, not this round.
| Round | Amount | Announced | Lead | Buzz |
|---|---|---|---|---|
| Funding round [ REPORTED LATER ]: This round was announced before Fireround first saw it. It stays in the company's history, not in Latest, Trending, or alerts. | $105M | 2026-06-05 | Fullerton Carbon Action Fund, International Finance Corporation (IFC), Siemens Financial Services | No recent discussion |
8 sources · checked 1 time, last 43d ago [ VERIFIED ] read against 4 of 8 sources IFC reports signed definitive agreements with closing subject to conditions, while Fuel Cells Works and Hydrogen Europe say the round closed; IFC’s own release is preferred. Neev II is identified as a 2022 investor, not this round. | ||||
Hygenco builds, owns and operates commercially scaled green-hydrogen and green-ammonia production assets, supplying green molecules to industrial customers and applications including mobility and power.
Hygenco has moved beyond demonstrations into commercial supply, with a Jindal Stainless offtake project and a green-hydrogen supply project for Sterlite Technologies, while targeting large-scale green hydrogen and ammonia deployment for hard-to-abate industry. Its US$105 million 2026 equity investment, following approximately US$25 million from Neev II Fund in 2022, gives the platform capital and industrial backing to expand production and distribution in support of India's National Green Hydrogen Mission.
| EARLIER ROUNDS FROM COMPANY RESEARCH · DEVELOPING | ||||
| Equity investment | approx. US$25 million | 2022-10-31 | not stated | |
Also named as backers in company research: Neev II Fund (managed by SBI Ventures/SBICAP Ventures)