NEKKAR Power Secures ₹75 Crore Funding from Syndicate Finance for Hydrogen Development
NEKKAR Power Pvt Ltd has raised ₹75 crore in a second funding round led by Syndicate Finance, totaling ₹125 crore. This investment supports the startup's hydrogen fuel cell technology development, critical for India's zero-emission goals.
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NEKKAR Power Pvt Ltd has successfully secured ₹75 crore in funding from Syndicate Finance, bringing its total capital raised to ₹125 crore. This investment will facilitate the company's hydrogen fuel cell technology, focusing on R&D, infrastructure development in Andhra Pradesh, and talent acquisition to enhance its engineering capabilities.
Previous funding of ₹50 crore in January 2025 set the groundwork for this round. The partnership signifies a pivotal endorsement for NEKKAR Power's ambitions in the renewable energy sector, particularly as India advances its National Green Hydrogen Mission. The ongoing development could influence the heavy-duty transport and power sectors, both of which face decarbonization challenges.
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