With the help of other investors like Karthik Sundar Iyer and Anant Sarda, clean energy startup HYLENR has raised $3 million in a pre-Series A funding round co-led by Valour Capital and Chhattisgarh Investments Limited.
In a press release, HYLENR stated that the money will be used to expedite the company’s transition from pilot to market launch and to demonstrate the growing confidence of investors in LENR as a competitive fossil fuel substitute.
With its exclusive LENR-based hybrid heat systems, HYLENR Technologies, a next-generation energy startup founded in 2024, hopes to transform thermal energy generation in sectors like manufacturing, oil and gas, district heating, and clean water desalination.
The business claims that LENR is currently covered by two patents: one for the underlying process innovation and one for the product architecture.
“Our recent lab results show unprecedented energy gain ratios, and this round gives us the momentum to focus on our product roadmap. We have begun early proof-of-concept tests, with several government bodies and large corporations showing interest in our LENR systems. The next phase will focus on scaling manufacturing and expanding globally,” said Siddhartha Durairajan, chairman and managing director of HYLENR.
According to HYLENR, its pilot projects with top government agencies and business leaders are already under way with the goal of substituting sustainable, next-generation systems for traditional fossil fuel-based ones. Products in the company’s product pipeline range in size from 7.2KW for home use to 1MW for large-scale industrial applications.
