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Newtrace logo — Tracing a greener tomorrow 🍃

Newtrace

Tracing a greener tomorrow 🍃

Founded 2021 India Bengaluru, India 55 employees Seed Total: $544.00M Energy

General Information

Company Name Newtrace
Founded Year 2021
Location India Bengaluru, India
Employees 55
Industries Energy
Funding Stage Seed
Social

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About Newtrace

Newtrace is an Indian energy startup founded in 2021, with the slogan "Tracing a greener tomorrow 🍃". The company is focused on developing innovative membraneless electrolyzers to facilitate the wide adoption of green hydrogen, aiming to combat climate change. Through the elimination of capex-intensive components such as rare-earth metals and critical membranes, Newtrace's electrolyzers offer expansible applications across varied use cases, making green hydrogen more affordable. The company's last investment round was a noteworthy INR467.00M Seed Round on 31 May 2023. The investors in this round included Speciale Invest, Aavishkaar Capital, Peak XV Partners, IKP Knowledge Park, Ashish Goel, Micelio Fund. This support indicates strong investor confidence in Newtrace's goals and innovative approach. Newtrace's focus on promoting decarbonization within hard-to-abate sectors aligns with the global push for sustainable practices. This positions the company at the forefront of driving change towards a greener future, making it a compelling opportunity for investors seeking to support impactful and innovative ventures in the energy industry.

Business keywords: Climate tech, Green hydrogen, Sustainable future, Renewable energy, Environmental innovation, Clean energy, Carbon reduction, Renewable fuel, Sequoia Capital, Start-up, Investment, Climate change mitigation

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round INR467.00M 6
Speciale Invest Aavishkaar Capital Peak XV Partners
Speciale Invest, Aavishkaar Capital +4
31 May 2023
Pre Seed Round INR77.00M 2
Speciale Invest
Speciale Invest, Micelio Fund
14 Jun 2022

Newtrace Alternatives & Competitors

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Newtrace vs
H2Pro
H2Pro Israel

H2Pro is on a mission to enable affordable green hydrogen at scale by providing the world with the l...

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Newtrace vs
C-Zero
C-Zero United States

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Newtrace vs
Pharos Marine
Pharos Marine Korea South

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FAQ About Newtrace

Tracing a greener tomorrow 🍃
Newtrace was founded in 2021.
Newtrace is headquartered in Bengaluru, India.
Newtrace operates in Energy. Its work centres on Climate tech, Green hydrogen, Sustainable future and Renewable energy.
Newtrace has approximately 55 employees.
Newtrace has completed 2 funding rounds, raising a total of $544.00M. The latest funding stage is Seed.
Top alternatives and competitors to Newtrace include H2Pro, C-Zero, Pharos Marine, SOME CARBON, MITAS DOGAL ENERJI. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Newtrace and H2Pro are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Newtrace, https://bouncewatch.com/company/newtrace, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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