SunGreenH2 Receives $1.5 Million Investment

Hydrogen startup SunGreenH2 announced that it has received an investment of 1.5 million dollars. This investment round was led by Sabancı Ventures, Sabancı Holding's Corporate Venture Capital Fund. Vinci Venture Capital had invested in SunGreenH2 in September. The hydrogen startup is now on the agenda with a new investment. The startup manufactures hydrogen equipment for zero emission and sustainability. Sabancı Vetures participated in the round in which SunGreenH2 received 1.5 million dollars investment with 800 thousand dollars. The startup's previous investment totaled 4.5 million dollars with the 1.5 million dollars it has received now.

Also See: Mediwhale Receives $9 Million Investment

SunGreenH2 Will Mass Produce Green Hydrogen on a Global Basis

SunGreenH2 was founded in 2020 by Tulika Raj and Saeid Masudy Panah. The startup designs high-performance electrolyzers and converts them into green hydrogen production. The startup has developed special technology to transform conventional hydrogen production. It designs equipment that produces green hydrogen by utilizing water with sustainable energy sources. SunGreenH2 is trying to make green hydrogen greener. It is also working to make it more efficient and cost-effective. The startup, which acts with the vision of zero emissions, aims to spread green hydrogen globally in series.