Newtrace Private Limited has raised $6.3 million from a pre-Series A fundraise led by HDFC Bank and Mitsui Sumitomo Insurance Venture Capital, with participation from Peak XV’s Surge, Aavishkaar Capital, Speciale Invest, Micelio Technology Fund, and angel investors Manish Prataprai Gandhi and Renu Manish Gandhi.

GameChanger Law Advisors advised Speciale Invest on this fundraise.

The transaction was led by Samheeta Rao (Senior Partner).

Founded by Prasanta Sarkar and Rochan Sinha in 2021, Bengaluru-based Newtrace is a climate-tech startup developing and commercializing advanced electrode & stack technology for hydrogen electrolyzers. By engineering high-performance electrodes at scale, Newtrace is working to make green hydrogen production economically viable and accelerate the global transition to clean energy.

The fresh funds will be used for enhancing the Company's manufacturing capabilities.

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