Avendus Capital advises Hygenco on its USD 105 mn investment from IFC, Siemens Financial Services and Fullerton Carbon Action Fund to rapidly scale green hydrogen in India

We are thrilled to partner with IFC, Siemens, and Fullerton on our growth journey. This USD 105 mn equity investment showcases the deep confidence of marquee institutional investors in our green hydrogen innovation and execution capabilities.

Green hydrogen represents the most tangible and effective pathway toward decarbonizing many hard-to-abate sectors. We are pleased to have new investors place their trust in our vision and operational capabilities to lead this critical industrial transition.

We are delighted to have advised Hygenco on this landmark transaction, reflecting the growing investor conviction in India’s emerging energy transition ecosystem and Hygenco's ability to build and scale commercially viable green hydrogen infrastructure. We remain highly optimistic about the significant long-term opportunity in industrial decarbonization, with green hydrogen playing a pivotal role in new-age energy transition enabling hard-to-abate sectors move towards a low-carbon future.