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- Nekkar Power
Led · Equity · Apr 2026
Nekkar Power Pvt. Ltd. develops hydrogen fuel cell stacks and related systems aimed at decarbonizing heavy-duty transport and stationary power. The company is headquartered in Hyderabad and has a manufacturing plant in Andhra Pradesh. Nekkar plans to scale production by building a specialized manufacturing unit and expanding R&D and prototyping capabilities. It intends to grow its engineering team and acquire land to support industrial-scale operations. Financially, Nekkar has raised a total of ₹125 crore to date, including ₹50 crore in January 2025 and a ₹75 crore Round 2 infusion led by Syndicate Finance. The company is positioning itself to move from pilot projects to larger commercial deployments in India’s emerging green hydrogen market.