About Hycosys
Hycosys is a company based in Bengaluru (India) founded in 2024. It operates as a B2B. Hycosys has raised $88.35 thousand across 1 funding round from investors including PointOne Capital. Hycosys offers products and services including Gas Turbines and Hydrogen Combustion Systems. Hycosys operates in a competitive market with competitors including Ecoflow, Moxion Power, Baxi, BDR Thermea Group and BLUETTI, among others.
- Headquarter Bengaluru, India
- Stage Minicorn
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Sectors
Energy & UtilitiesAerospace, Defense & Maritime
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Email
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Phone
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Website
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Social
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- Legal Name Hycosys Private Limited
- Date of Incorporation 07 Jun, 2024
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$88.35 K (USD)
in 1 rounds
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Latest Funding Round
$88.35 K (USD), Seed
Dec 17, 2024
- Investors
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Employee Count
Employee Count
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Products & Services of Hycosys
Hycosys offers a comprehensive portfolio of products and services, including Gas Turbines and Hydrogen Combustion Systems. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Efficient turbines for hydrogen-based power and backup electricity generation.
Systems that burn hydrogen to minimize CO2 emissions in propulsion.
Funding Insights of Hycosys
Hycosys has successfully raised a total of $88.35K through 1 strategic funding round. The most recent funding activity was a Seed round of $88.35 thousand completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $88,353
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First Round
First Round
(17 Dec 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Seed - Hycosys | Valuation | PointOne Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hycosys
Hycosys has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include PointOne Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund investing in pre-seed tech startups with support services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hycosys
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Hycosys
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hycosys Comparisons
Competitors of Hycosys
Hycosys operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ecoflow, Moxion Power, Baxi, BDR Thermea Group and BLUETTI, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An online platform for energy storage solutions is offered.
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| domain | founded_year | HQ Location |
Commercial and industrial generators are manufactured with renewable energy sources.
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| domain | founded_year | HQ Location |
Baxi is recognized as a leading manufacturer of heating and hot water solutions.
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| domain | founded_year | HQ Location |
Manufacturer and distributor of smart climate and sanitary hot water solutions
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| domain | founded_year | HQ Location |
Manufacturer of electrical equipment
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| domain | founded_year | HQ Location |
Portable power solutions for mobile devices are offered by Jackery.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Hycosys
When was Hycosys founded?
Hycosys was founded in 2024.
Where is Hycosys located?
Hycosys is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Hycosys a funded company?
Hycosys is a funded company, having raised a total of $88.35K across 1 funding round to date. The company's 1st funding round was a Seed of $88.35K, raised on Dec 17, 2024.
What does Hycosys do?
Hycosys focuses on creating hydrogen combustion systems to promote a carbon-free future in power and propulsion. They develop highly efficient gas turbines with 50-200 kW output for applications like electricity backup and power generation. These systems burn 100 hydrogen to reduce CO2 emissions and serve as economical replacements for polluting diesel gensets. The team comprises experts from institutions such as IIT Kanpur and DRDO, emphasizing advanced research in combustion technology.
Who are the top competitors of Hycosys?
Hycosys's top competitors include Ecoflow, Moxion Power and BLUETTI.
What products or services does Hycosys offer?
Hycosys offers Gas Turbines and Hydrogen Combustion Systems.
Who are Hycosys's investors?
Hycosys has 1 investor. Key investors include PointOne Capital.
What is Hycosys's valuation?
The valuation of Hycosys is $1.45M as of Dec 2024.
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