Hyderabad – In a significant move for India’s green energy landscape, Mumbai-based Syndicate Finance has reportedly spearheaded a ₹75 crore Round 2 funding for NEKKAR Power Pvt Ltd, an emerging startup headquartered in Hyderabad and a plant set up in Andhra Pradesh.The investment marks a pivotal moment for NEKKAR Power as it accelerates its flagship project focused on hydrogen fuel cell technology, a sector increasingly seen as the “holy grail” of zero-emission power.While the startup has been proactive in sharing its growth trajectory, its financial backer remains tight-lipped. When reached for comment on the valuation and the long-term outlook for the hydrogen project, representatives at Syndicate Finance, Mumbai, declined to respond, maintaining a stance of strategic silence common among veteran firms managing high-stakes energy portfolios, preferring to let the investment speak for itself.Industry insiders suggest that Syndicate Finance’s involvement is a major validation of NEKKAR Power’s technical roadmap. Known for backing infrastructure and expansion-ready ventures, the Mumbai firm’s structured debt injection is expected to transition the project from the pilot phase to a larger industrial scale.Building a ₹125 Crore War ChestThis latest round brings NEKKAR Power’s total capital raised to ₹125 crore within a remarkably short window. The company previously secured ₹50 crore in January 2025, setting the stage for this larger secondary round.The cumulative funding is earmarked for: