NEKKAR Power Pvt. Ltd Secures ₹75 Crore in round 2 Infusion from Syndicate Finance for Hydrogen Fuel Cell Development
The company previously secured ₹50 crore in January 2025, setting the stage for this larger secondary round.The cumulative funding is earmarked for: R&D and Prototyping: Enhancing the efficiency of proprietary hydrogen fuel cell stacks. Infrastructure: Developing a specialized manufacturing unit in Andhra Pradesh. Talent Acquisition: Scaling the engineering team to meet the complex demands of hydrogen storage and power conversion.
- ▪The company previously secured ₹50 crore in January 2025, setting the stage for this larger secondary round.The cumulative funding is earmarked for: R&D and Prototyping: Enhancing the efficiency of proprietary hydrogen fuel cell stacks.
- ▪Infrastructure: Developing a specialized manufacturing unit in Andhra Pradesh.
- ▪Talent Acquisition: Scaling the engineering team to meet the complex demands of hydrogen storage and power conversion.
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Hyderabad – In a significant move for India’s green energy landscape, Mumbai-based Syndicate Finance has reportedly spearheaded a ₹75 crore Round 2 funding for NEKKAR Power Pvt Ltd, an emerging startup headquartered in Hyderabad and a plant set up in Andhra Pradesh.The investment marks a pivotal moment for NEKKAR Power as it accelerates its flagship project focused on hydrogen fuel cell technology, a sector increasingly seen as the “holy grail” of zero-emission power.While the startup has been proactive in sharing its growth trajectory, its financial backer remains tight-lipped.
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