About NewTrace
NewTrace is a company based in Bengaluru (India) founded in 2020 by Rochan Sinha and Prasanta Sarkar.. NewTrace has raised $6.7 million across 3 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
$6.7 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Peak XV Partners
& 9 more
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Employee Count
Employee Count
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Products & Services of NewTrace
NewTrace offers a comprehensive portfolio of products and services, including H2 Electrolyzers and Electrolyzer Software. 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.
Device that produces green hydrogen through water electrolysis
Software for controlling and optimizing hydrogen production systems
Unlock access to complete
Funding Insights of NewTrace
NewTrace has successfully raised a total of $6.7M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(08 Jun 2022)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Seed - NewTrace | Valuation |
investors |
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| May, 2023 | Amount | Seed - NewTrace | Valuation | Peak XV Partners , Aavishkaar Capital | |
| Jun, 2022 | Amount | Seed - NewTrace | Valuation | Speciale Invest |
| 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 NewTrace
NewTrace has secured backing from 10 investors, including venture fund and angel investors. Prominent investors backing the company include Peak XV Partners, Speciale Invest and IKP Knowledge Park. 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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Acceleration is provided to startups across multiple sectors by Surge.
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Founded Year | Domain | Location | |
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Investing in deep tech startups with a focus on early-stage innovations in technology and engineering.
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Founded Year | Domain | Location | |
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Seed fund VC firm investing in EV ecosystem
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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 NewTrace
| 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 - NewTrace
| 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 |
Newtrace Comparisons
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. 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 |
Power generation via bioenergy, thermal, and wind sources is offered.
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| domain | founded_year | HQ Location |
Provider of hydrogen production and storage solutions
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| domain | founded_year | HQ Location |
Solutions for hydrogen generation via electrolysis are provided.
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| domain | founded_year | HQ Location |
Pressurized alkaline and solid oxide electrolysis products are manufactured.
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| domain | founded_year | HQ Location |
Electrolyzers for hydrogen production are supplied by Verdagy.
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| domain | founded_year | HQ Location |
Producer and supplier of green hydrogen
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Newtrace
Frequently Asked Questions about NewTrace
When was NewTrace founded?
NewTrace was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is NewTrace located?
NewTrace is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of NewTrace?
Prasanta Sarkar is the current CEO of NewTrace. They have also founded this company.
Is NewTrace a funded company?
NewTrace is a funded company, having raised a total of $6.7M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Jun 08, 2022.
What is the annual revenue of NewTrace?
Annual revenue of NewTrace is $12.47K as on Mar 31, 2023.
What does NewTrace do?
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.
Who are the top competitors of NewTrace?
NewTrace's top competitors include Lhyfe, Nel Hydrogen and Orsted.
What products or services does NewTrace offer?
NewTrace offers H2 Electrolyzers and Electrolyzer Software.
Who are NewTrace's investors?
NewTrace has 10 investors. Key investors include Peak XV Partners, Speciale Invest, IKP Knowledge Park, Surge, and Micelio.
What is NewTrace's valuation?
The valuation of NewTrace is $24.8M as of May 2023.