# Newtrace Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/newtrace-private

- Industry: Environmental Services
- Headquarters: Bangalore, India
- Website: www.newtrace.io
- Total disclosed funding: $6.7M
- Latest round: Seed (May 24, 2023)
- Investors on record: 5

## About

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 company has secured funding through 3 deals, with the latest round In March 2026, Newtrace Private Limited raised USD 6.3 million in pre-series A funding from HDFC Capital Advisors, Mitsui Sumitomo Insurance Venture Capital, Peak XV's Surge, Aavishkaar Capital, Speciale Invest and Micelio. 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. In March 2026, Newtrace Private Limited raised USD 6.3 million in pre-series A funding from HDFC Capital Advisors, Mitsui Sumitomo Insurance Venture Capital, Peak XV's Surge, Aavishkaar Capital, Speciale Invest and Micelio.

## Funding rounds

- Seed, May 24, 2023, $5.7M — Hong Shan, Aavishkaar Capital, Speciale Invest, Micelio, IKP Knowledge Park
- Seed, Jun 8, 2022, $1M — Speciale Invest, Micelio

## Investors

- Speciale Invest (https://capitalatlas.ai/funds/speciale-invest) — Seed
- Micelio (https://capitalatlas.ai/funds/micelio) — Seed
- Hong Shan — Seed
- Aavishkaar Capital (https://capitalatlas.ai/funds/aavishkaar-capital) — Seed
- IKP Knowledge Park — Seed