Newtrace
A climate-tech startup developing affordable green hydrogen electrolyzers using proprietary additive manufacturing and membrane-less technology to significantly reduce production costs.
- CEO / Founder
- Dr. Prasanta Sarkar
- Team Size
- 11-50
- Stage
- Growth Stage
- Total Funding
- $13.0M
- Latest Round
- Series A
- Key Investors
- Peak XV Partners, HDFC Bank, Mitsui Sumitomo Insurance Venture Capital, Speciale Invest, Aavishkaar Capital, Micelio Fund
Technology & Products
Key Products
Newtrace specializes in advanced electrolyzer systems, specifically pioneering membrane-less electrolyzer technology for green hydrogen production.
Technological Advantage
The 'Voltagen' electrodes serve as a drop-in replacement for existing alkaline electrolyzers, allowing for immediate efficiency upgrades without equipment redesign, while the modular stack design allows for rapid, decentralized scaling.
Differentiation
Value Proposition
Reduces green hydrogen production costs by up to 60% and capital expenditure (CapEx) by 5x through a modular, membrane-less design that eliminates the need for expensive rare earth metals.
How They Differentiate
Newtrace utilizes proprietary additive manufacturing (3D printing) to create a membrane-less electrolyzer architecture. This design eliminates the need for expensive membranes and rare earth metals (like Iridium and Platinum), reducing capital expenditure (CapEx) by up to 5x and hydrogen production costs by 60%.
Market & Competition
Target Customers
Electrolyzer OEMs, green hydrogen project developers, industrial gas companies, and heavy industries (refineries, steel, ammonia, and methanol plants).
Industry Verticals
["Green Hydrogen Production","Industrial Decarbonization (Steel & Chemicals)","Energy Storage","Heavy Mobility & Transport","Refineries"]
Competitors
Ohmium, Advanced Ionics, Enapter, EvolOH
Growth & Milestones
Growth Metrics
Established a 20 MW pilot manufacturing facility in Bengaluru; claims up to 60% reduction in green hydrogen production costs.
Major Milestones
["Successfully deployed MARK 4 (10 kW) pilot stacks with Bharat Petroleum (BPCL) in 2024","Developed 'Voltagen' proprietary electrode technology as a drop-in replacement for existing electrolyzers","Secured $6.3M Pre-Series A funding in March 2024 to scale manufacturing capabilities","Acquired first paying industrial customer within one year of initial seed funding"]
Notable Customers
Bharat Petroleum Corporation Ltd (BPCL), Oil and gas refineries, Industrial chemical plants