Fuel Cell – H2 Carbon Zero raises $850K in seed funding led by Venture Catalysts
H2 Carbon Zero (Umagine Hydrogen), a deep-tech manufacturer of modular, stackable fuel-cell systems for stationary power generation, has raised $850,000 in its seed funding round led by Venture Catalysts, an early-stage investor and integrated incubator. The round also saw participation from Faad Networks.
The funds raised will be used to build a gigawatt-scale factory, expand its engineering and operations teams, and complete field trials with early anchor customers in telecom, construction and defence.
Founded in 2019 by Santosh Gurunath and Laxmikant Banjarey, H2 Carbon Zero designs and manufactures fuel cell systems ranging from sub-kilowatt modules for defence equipment to multi-megawatt blocks for grid-scale, long-duration storage.
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Fuel Cell – H2 Carbon Zero raises $850K in seed funding led by Venture Catalysts, source
