India, April 8 -- In a significant move for India's green energy landscape, Mumbai-based Syndicate Finance has reportedly spearheaded a Rs.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 t...