Transition VC holds hydrogen summit in partnership with IEEE

Transition VC, India's first energy transition-focused Venture Capital fund, in partnership with IEEE, hosted a summit “India – A Gateway to Global Entrepreneurs.” This event, part of Transition VC and IEEE’s ongoing joint-initiative “Net Zero Warriors”, marked a critical step from the Venture Capital and Tech ecosystem in advancing global net-zero goals.

In July 2023, Transition VC and IEEE joined forces to launch “Net Zero Warriors”, an initiative to empower startups originating from the academic community to introduce deep-tech solutions for energy transition sectors. 

Green Hydrogen is the key to help meet India's energy security needs while reducing emissions in hard-to- abate sectors such as Steel, fertilizers, Refinery, Cement & Mobility, on the path to Net-Zero. Indian government launched the 'National Green Hydrogen Mission' in early 2023.

 
Hydrogen Fuel Cell startup Protonas, NTPC, and Omega Seiki Mobility were some companies that participated in the summit. 

Moderated by Transition VC’s General Partner Mustafa Wajid, the panel explored the roadmap for developing a mainstream hydrogen economy in India from 2030 to 2050, discussing policy frameworks, public-private partnerships, investment strategies, and technological innovations that will drive the hydrogen economy forward. 

"Hydrogen has the potential to revolutionise the three-wheeler market in India, provided it can offer a vehicle lifespan of 7-10 years and access to adequate financing. With these conditions in place, large-scale implementation is feasible. 

At Omega Seiki, we are already conducting tests with our hydrogen-powered vehicles, demonstrating the immediate viability of this technology," Omega Seiki Mobility Founder Uday Narang noted. 

Transition VC is India’s first energy transition-focused VC fund which was launched by marquee investors Raiyaan Shingati and Mohammed Shoeb Ali. The fund is on a mission to offset 40M tons of carbon emissions by investing in breakthrough tech while making extraordinary financial returns for its LPs.

IEEE is the world's largest technical professional organisation dedicated to advancing technology and works in areas across engineering, computing and technology information.