Protonas, a startup specializing in affordable polymer electrolyte membrane (PEM) hydrogen fuel cell technology, secured funding in a round led by Transition VC. The capital will support the establishment of initial manufacturing operations in Chennai and the development of prototype systems.
Headquartered in Tennessee, USA, Protonas operates a subsidiary in Chennai. The company’s objective includes providing economical backup power solutions in North America. Moreover, it aims to implement fuel cell engines for three-wheeler transportation and four-wheeler delivery applications in India and other Asian markets.
Raiyaan Shingati, Co-founder and Managing Partner at Transition VC, expressed happiness about advancing cost-effective hydrogen fuel cells across various sectors such as mobility, energy storage, and industrial applications. As reported by msn.com, Transition VC is investing in Protonas and supporting industry veteran David DeVries to achieve this goal.
