Newtrace Raises $6.3 Million in Pre-Series A to Accelerate Hydrogen Technology Development

Bengaluru-based deeptech startup Newtrace has successfully raised $6.3 million (₹56.93 crore) in a Pre-Series A funding round led by HDFC Bank Limited and Mitsui Sumitomo Insurance Venture Capital. The round also saw continued support from existing investors, including Aavishkaar Capital, Speciale Invest, Micelio Technology Fund, Peak XV Partners’ Surge, along with angel investors Manish Prataprai Gandhi and Renu Manish Gandhi.

The fresh capital will play a crucial role in helping Newtrace scale its manufacturing and engineering capabilities, as the company prepares to bring its advanced hydrogen technologies closer to commercialization.

Founded with a mission to accelerate the global transition toward clean hydrogen energy, Newtrace is developing innovative solutions to make hydrogen production more efficient and affordable. Hydrogen is widely considered one of the most promising clean energy sources, particularly for industries that are difficult to decarbonize, such as heavy manufacturing, transportation, and chemicals.

With this funding, Newtrace plans to expand its engineering team and strengthen its manufacturing infrastructure to support pilot production and rigorous customer testing. The company is also working closely with several industry partners to finalize supply agreements and deployment strategies.

One of the key milestones for the startup will be the commercial rollout of its Voltagen electrodes, a proprietary technology designed to significantly improve the efficiency of electrolysis systems used to produce green hydrogen. Electrolysis is the process of splitting water into hydrogen and oxygen using electricity, and improving the efficiency of this process can dramatically lower the cost of clean hydrogen production.

According to the company, the newly raised funds will help it accelerate the development and testing of Voltagen electrodes and move toward large-scale manufacturing readiness. If the roadmap progresses as planned, Newtrace expects to begin its first commercial deliveries within the next year.

Investors believe that innovations in hydrogen production technologies will play a critical role in achieving global climate goals and reducing dependence on fossil fuels. By improving the efficiency and scalability of electrolyzer components, Newtrace aims to position itself as a key technology provider in the rapidly growing hydrogen economy.

The successful funding round also highlights the increasing interest from financial institutions and venture capital firms in deeptech startups focused on clean energy and climate innovation.

With strong investor backing and a clear commercialization roadmap, Newtrace is now poised to accelerate the adoption of its breakthrough technology and contribute to building a sustainable, hydrogen-powered energy future.