Newtrace Private
Latest round
- Seed
Last raised
- May 2023
Total raised
- $6.7M
Investors
- 5
About Newtrace Private
Newtrace Private Limited, based in India, develops advanced technologies for green hydrogen production, focusing on innovative electrolyzer systems that utilize renewable energy to create ultrapure hydrogen efficiently. Founded in 2021 and headquartered in Bangalore, India, Newtrace Private Limited specializes in green hydrogen technologies. The firm is co-founded by Prasanta Sarkar and Rochan Sinha, with Prasanta serving as the CEO. Newtrace specializes in the development of innovative green hydrogen technologies, primarily focusing on its advanced electrolyzer systems. These electrolyzers utilize a patent-pending precision fluid engineering design to produce ultrapure hydrogen through the electrolysis of water, a process powered entirely by renewable energy. The company's core offerings aim to address significant carbon emissions across various industries by replacing traditional hydrogen sources with sustainable alternatives. Newtrace's technology is particularly beneficial for oil refineries, chemical manufacturing, steel production, and renewable energy storage, aiming to dramatically reduce CO2 emissions and enhance energy security. The company serves a diverse client base that includes industrial sectors globally, particularly in markets seeking to transition to greener energy solutions, including Europe, North America, and parts of Asia. In the most recent fiscal year 2023, Newtrace reported a revenue of INR 0 and an EBITDA of INR -226,507, indicating the company is in a growth phase focused on product development and market entry.
Who invested in Newtrace Private
5 investors across 2 rounds
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Questions about Newtrace Private
Who invested in Newtrace Private?
Newtrace Private has 5 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Newtrace Private raised?
Newtrace Private has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Newtrace Private last raise money?
Newtrace Private's most recent round on record is a Seed, in May 2023.
What does Newtrace Private do?
Newtrace Private Limited, based in India, develops advanced technologies for green hydrogen production, focusing on innovative electrolyzer systems that utilize renewable energy to create ultrapure hydrogen efficiently.
Where is Newtrace Private headquartered?
Newtrace Private is headquartered in Bangalore, India.
Which VCs invest in companies like Newtrace Private?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Peak XV Partners, MPCi and Luminous Ventures back environmental services companies at Newtrace Private's stage. Their profiles are linked below.
VCs backing environmental services startups at Seed
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