# SungreenH2 Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sungreenh2-pte

- Industry: Environmental Services
- Headquarters: Singapore, Singapore
- Website: www.sungreenh2.com/
- Total disclosed funding: $2.3M
- Latest round: Seed (Aug 26, 2022)
- Investors on record: 6

## About

Based in Singapore, SungreenH2 is a transformative company focused on advanced electrolysis technology, specializing in the production of innovative nickel alloy nanostructured electrodes for renewable hydrogen generation.SungreenH2, founded in 2020 in Singapore, specializes in producing advanced electrolyzers designed for renewable hydrogen production. The company has completed 3 deals and raised USD 2.26 mn in Seed funding on August 26, 2022, from investors including SOSV, Entrepreneur First, and Vinci Venture Capital. The founders, Saeid Panah and Tulika Raj, have a background in innovative technology ventures, with Tulika Raj serving as the current CEO.SungreenH2 specializes in advanced electrolysis technology, focusing on the manufacture of nickel alloy nanostructured electrodes for water electrolysers aimed at renewable hydrogen production. Their flagship product enhances hydrogen output by doubling production rates, while simultaneously decreasing energy consumption by up to 20%. The proprietary production process of these nanostructures allows for scalable fabrication from earth-abundant, low-cost materials, eliminating the reliance on precious metals. This technology serves a diverse clientele across various sectors including energy, transportation, and industrial applications, facilitating the transition to green hydrogen solutions. Geographical markets for these products extend across Asia Pacific, with notable engagements in Indonesia and partnerships in Singapore and Japan.In 2023, SungreenH2 reported a revenue of USD 60,344, while experiencing an EBITDA loss of USD 1,590,233. The company's revenue model is primarily B2B, targeting industrial clients and energy providers that require efficient hydrogen production technologies through supply agreements for their advanced electrolyzer systems.SungreenH2 plans to utilize the USD 2.26 mn raised in Seed funding to support the development of new products, including next-generation electrolyzers aimed at enhancing hydrogen production efficiency. The company is also targeting expansion into new markets, particularly focusing on broader engagement in Southeast Asia by 2024. This funding will facilitate strategic partnerships and bolster the company's presence in the renewable energy sector.

## Funding rounds

- Seed, Aug 26, 2022, $2.3M — SOSV, SGInnovate, Entrepreneur First, Cap Vista, Vinci Venture Capital, Apsara Investments

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- SGInnovate (https://capitalatlas.ai/funds/sginnovate) — Seed
- Entrepreneur First (https://capitalatlas.ai/funds/entrepreneur-first) — Seed
- Cap Vista (https://capitalatlas.ai/funds/cap-vista) — Seed
- Vinci Venture Capital — Seed
- Apsara Investments — Seed