Transition VC Invests in Protonas for Hydrogen Fuel Cell Expansion
Key Ideas
- Protonas, a hydrogen fuel cell startup, secured funding from Transition VC to establish manufacturing in Chennai and develop prototype systems.
- Transition VC's investment aims to support Protonas' growth in alternative energy solutions, particularly in India and other markets.
- Protonas plans to deploy its hydrogen fuel cell solutions in North America for backup power systems and target applications in India and Asia.
- Founder David DeVries highlighted the benefits of hydrogen fuel cells in reducing pollution and emphasized clean energy solutions for urban areas.
Protonas, a startup specializing in low-cost hydrogen fuel cell technology, recently received funding from Transition VC to support the establishment of manufacturing operations in Chennai and the development of prototype systems. Headquartered in Tennessee, USA, Protonas operates a subsidiary in Chennai, India. The undisclosed investment from Transition VC is geared towards facilitating Protonas' growth phase and leveraging their expertise in alternative energy solutions. Protonas aims to deploy its hydrogen fuel cell solutions initially in North America for cost-effective backup power systems, with plans to target applications in India and other Asian markets. Founder David DeVries emphasized the advantages of hydrogen fuel cells over traditional engines, citing simplicity and lower maintenance requirements. Transition VC's investment aligns with their vision to advance cost-efficient hydrogen fuel cell technologies across various sectors, including mobility and energy storage. The partnership between Protonas and Transition VC is expected to contribute to India's energy transition towards hydrogen and global sustainable technology efforts, with a focus on reducing pollution in urban environments.