About NewTrace
NewTrace is a company based in Bengaluru (India) founded in 2020 by Rochan Sinha and Prasanta Sarkar. NewTrace has raised $13 million across 4 funding rounds from investors including Peak XV Partners, Speciale Invest and IKP Knowledge Park. NewTrace offers products and services including H2 Electrolyzers and Electrolyzer Software. NewTrace operates in a competitive market with competitors including Orsted, Nel Hydrogen, Electric Hydrogen, Sunfire and Verdagy, among others.
- Headquarter Bengaluru, India
- Founders Rochan Sinha, Prasanta Sarkar
- Stage Minicorn
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Sectors
Energy & Utilities
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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 Newtrace Private Limited
- Date of Incorporation 13 Oct, 2021
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$12.47 K (USD)0as on Mar 31, 2023
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Net Profit
-$214.28 K (USD)-40775.23as on Mar 31, 2023
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EBITDA
-$217.85 K (USD)-41457.22as on Mar 31, 2023
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Total Equity Funding
$13 M (USD)
in 4 rounds
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Latest Funding Round
$6.3 M (USD), Seed
Mar 10, 2026
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Investors
Peak XV Partners
& 13 more
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Employee Count
Not available
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Products & Services of NewTrace
NewTrace offers a comprehensive portfolio of products and services, including H2 Electrolyzers and Electrolyzer Software.
Device that produces green hydrogen through water electrolysis
Software for controlling and optimizing hydrogen production systems
People of NewTrace
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Funding Insights of NewTrace
NewTrace has successfully raised a total of $13M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $6.3 million completed in March 2026. 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.
Investors in NewTrace
NewTrace has secured backing from 14 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Peak XV Partners, Speciale Invest and IKP Knowledge Park.
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Acceleration is provided to startups across multiple sectors by Surge.
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Investing in deep tech startups with a focus on early-stage innovations in technology and engineering.
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Seed fund VC firm investing in EV ecosystem
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Investor details for NewTrace
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Investments & Acquisitions by NewTrace
Investment portfolio details for NewTrace
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Financial Statements - NewTrace
Detailed financials for NewTrace
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Newtrace Comparisons
Peer comparison for NewTrace
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Competitors of NewTrace
NewTrace 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 Orsted, Nel Hydrogen, Electric Hydrogen, Sunfire and Verdagy, among others.
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Power generation via bioenergy, thermal, and wind sources is offered.
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Provider of hydrogen production and storage solutions
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Solutions for hydrogen generation via electrolysis are provided.
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Pressurized alkaline and solid oxide electrolysis products are manufactured.
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Electrolyzers for hydrogen production are supplied by Verdagy.
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Producer and supplier of green hydrogen
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Detailed competitors of NewTrace
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Latest news on Newtrace
Complete news archive for NewTrace
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Frequently Asked Questions about NewTrace
NewTrace was founded in 2020 and raised its 1st funding round 2 years after it was founded.
NewTrace is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Prasanta Sarkar is the current CEO of NewTrace. They have also founded this company.
NewTrace is a funded company, having raised a total of $13M across 4 funding rounds to date.
Annual revenue of NewTrace is $12.47K as on Mar 31, 2023.
NewTrace was founded in 2020 in Bengaluru, India, focusing on the clean energy sector. Electrolyzer technology is provided to facilitate green hydrogen production. Decarbonization efforts in mobility, industrial, energy, and chemical sectors are supported through these operations. The companys electrolyzers enable hydrogen generation as a key component in sustainable energy transitions.
NewTrace's top competitors include Lhyfe, Nel Hydrogen and Orsted.
NewTrace offers H2 Electrolyzers and Electrolyzer Software.
NewTrace has 14 investors. Key investors include Peak XV Partners, Speciale Invest, IKP Knowledge Park, Surge, and Micelio.
The valuation of NewTrace is $24.8M as of May 2023.