Newtrace has raised $6.3M in a Pre-Series A fundraise, led by HDFC Bank Limited and Mitsui Sumitomo Insurance Group, with participation from Peak XV Partners, Aavishkaar Capital, Speciale Invest, and Micelio.
This funding will support scaling pilot manufacturing of Voltagen electrodes, advancing customer validation and commercial partnerships, and expanding our engineering and manufacturing teams.
Our membraneless electrolyzer pilot with @BPCLimited, that achieved 99.9% hydrogen purity, has paved the way for us to delve into megawatt-scale systems. We hope to continue building upon this partnership and bring to life a green ecosystem!
We are humbled to share that we had the pleasure of hosting the executive team of Bharat Petroleum Corporation Ltd at our technology center in Bangalore. We extend our heartfelt gratitude to the @BPCLimited team for their invaluable time, vision, and collaborative spirit.
🧠 Today's brainstorming session at @newtracetech was a true burst of inspiration!
🎬 Stay tuned as we work to turn innovative ideas into actions that make a real difference. 💪🏽
#FridayMotivation#deeptech#Sustainability
🚀@isro's historic soft-landing of #chandrayaan3 on the moon marks an incredible milestone for #India!
🍃At Newtrace, we harness the power of homegrown deep tech to solve for another global challenge: #climatechange
📺 Our team witnesses the milestone moment LIVE!
Electrolysers are a crucial technology for the production of low-emission hydrogen
While global electrolyser capacity additions slowed in 2022, the large number of announced projects can boost deployment & help close the gap with our net zero pathway ⬇️ iea.li/3KAgKLg
Low-emission hydrogen represents less than 1% of total hydrogen production today. This needs to jump to 50% by 2030 to reach our net zero pathway.
Accelerating electrolysis & carbon capture, utilisation & storage deployment will be key to do this 👉 iea.li/43WP2PM
🗣 “The successful development of a global hydrogen market must involve dialogue with many different stakeholders, but will only reach its potential if informed by a common language”
More in this commentary from @TimurGuel & @The_IPHE's @noevanhulstiea.li/3KCjg3E
Come join us at the “Essentials of Fundraising for Early-Stage Climate Tech Startups” Panel Talk, to hear Vishesh Rajaram – Managing Partner, @SpecialeInvest, and Prasanta Sarkar - CEO & Co-founder, @newtracetech, as they share their perspectives on the fundraising journey.