A Hydrogen Fuel Cell Manufacturing Company Looking to Raise Funds

Posted On: 06 / Mar / 2023
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Deal Details

Annual

Deal Type

Equity (Fundraise)
Maximum Loan

Industry

Green Technology
Charge

Deal Status

Active

Deal Description

The anthropogenic emissions, a widely accepted concern, have visible consequences like global warming, environmental pollution, and depreciating health among living creatures. This calls for urgent solutions not only for prevention but also for cure. A wide range of technologies in diverse fields are being developed to keep the world livable and sustainable. With that in mind, we started this company in the year 2020 with the vision and mission of indigenous research and development in futuristic green technologies for the abatement and healing of environmental mislaid. These core technologies form our future product lines in various industry sectors. Our research & development is carried out by a consortium of veteran scientists & engineers in the field of electrochemistry, vehicle engineering, materials science, metallurgy, electronics & electricals.

A hydrogen fuel cell uses the chemical energy of hydrogen to cleanly and efficiently produce electricity by a chemical reaction in its cells. The net products are electricity, water, and heat.

We are currently at the product development cell and are in the process of developing a 3kW cell. We have wide use cases in Power Agri Equipments, Defense, UAVs, Power back-up devices, Forklift trucks and so on and so forth.

We are now raising money to fund our production for the different prototyping opportunities that exist in the market. We can share details about these opportunities when we speak.

All the big players like Adani, Reliance, Indian Oil have made huge investments in production of green hydrogen gas and they will likely go operations from next year onwards. With the massive investment announced by the Central Govt of India in Green Technology domain, we are targetting INR 37 Cr in revenue in 2024, 104 Cr in 2025, 382 Cr in 2026 as per our projections and considering the demand being generated in the market over the next 2-3 years.

No Files Attached

Deal Value
15 Crore
Targeted Region
Asia Pacific

Revenue

2019-20
Undisclosed
2020-21
Undisclosed
2021-22
Undisclosed