Andhra Pradesh preferred destination for RE startups
Nekkar Power Pvt Ltd, an emerging startup headquartered in Hyderabad and with a plant set up in Andhra Pradesh, says the Rs.75 crore secured through round 2 funding is to accelerated its flagship project focused on hydrogen fuel cell technology, a sector increasingly seen as the “holy grail” of zero-emission power.
This latest round brings Nekkar Power’s total capital raised to Rs.125 crore within a remarkably short window. The company previously secured Rs.50 crore in January 2025, setting the stage for this larger secondary round.
The cumulative funding is earmarked for:
• R&D and Prototyping: Enhancing the efficiency of proprietary hydrogen fuel cell stacks.
• Infrastructure: Developing a specialized manufacturing unit in Andhra Pradesh.
• Talent Acquisition: Scaling the engineering team to meet the complex demands of hydrogen storage and power conversion.
• Land acquisitions
Nekkar Power said its progress in green energy field highlights Andhra Pradesh’s emergence as a preferred destination for renewable energy startups, supported by favourable state policies and proximity to industrial ports.
“By focusing on hydrogen fuel cells, the company is positioning itself to cater to the heavy-duty transport and stationary power markets—sectors that are notoriously difficult to decarbonize with traditional batteries,” said Nekkar Power. It added in a press release on 8 Apr that Mumbai-based Syndicate Finance has spearheaded the round 2 funding. fiinews.com
