Impact Investing Pulse Daily Digest

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Monday, June 8, 2026

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Hygenco secures $105M equity raise to expand green hydrogen capacity in India

Hygenco has closed a $105M equity raise, roughly INR 900 crore, from a consortium led by the International Finance Corporation, Siemens Financial Services and Fullerton Carbon Action Fund. The capital will be used to scale green‑hydrogen production, marking one of the largest private‑capital commitments to India’s nascent green‑hydrogen industry.

⭐ Big Story of the Day

CAM, TT&A guide Hygenco’s $105 mn raise to scale green hydrogen capacity in India

CAM, TT&A Guide Hygenco’s $105 Mn Raise to Scale Green Hydrogen Capacity in India

Indian green‑hydrogen producer Hygenco has secured a $105 million equity raise, roughly INR 900 crore, from a consortium led by the International Finance Corporation, Siemens Financial Services and Fullerton Carbon Action Fund. The transaction, advised by Cyril Amarchand Mangaldas and Talwar Thakore & Associates, is one of the largest private capital commitments to India’s nascent green‑hydrogen sector. Avendus Capital acted as Hygenco’s exclusive financial advisor. The funding will expand production capacity and strengthen supply chains to deliver zero‑emission hydrogen to hard‑to‑abate industrial users, aligning with the National Green Hydrogen Mission.

Source: ETCFO – Corporate Finance