Other Deals
Hydrogen-fuel focused Nekkar Power raises Rs.75-Cr led by Syndicate Finance
Hyderabad-headquartered Nekkar Power has raised INR 75 crore in a second-round funding led by Mumbai-based Syndicate Finance. This investment brings Nekkar Power's total capital raised to INR 125 crore, following a previous INR 50 crore round in January 2025.Incorporated in 2004, Nekkar Power is focused on hydrogen fuel cell technology, with operations in Andhra Pradesh.The cumulative funding is earmarked for research and development (R&D) and prototyping to enhance the efficiency of proprietary hydrogen fuel cell stacks. Additionally, the funds will be used to develop a special manufacturing unit in Andhra Pradesh and scale up the engineering team to meet the demands of hydrogen storage and power conversion.
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