Enerzi, a Belgaum-based deep-tech manufacturing company developing microwave–plasma hydrogen production and engineered carbons, has raised ₹16.5 crore in a seed funding round led by Capital-A, a manufacturing-focused venture capital fund.
The round also saw participation from 8x Ventures and other angel investors.
The funds raised will be used to expand its manufacturing capacity and grow its engineering and plasma science teams. It will also accelerate the commercial deployment of its hydrogen and nanocarbon platform in India and international markets.
Founded in 2007 by Kirankumar Hittalmani and Prakash Mugali, Enerzi is developing a next-generation approach to clean hydrogen production using microwave plasma reactors. The company’s platform converts methane into clean hydrogen while generating solid carbon nanopowder as a co-product. This strengthens hydrogen economics and opens up applications across batteries, composites, and advanced material engineering.
Alongside its clean energy platform, Enerzi manufactures industrial microwave-based heating systems used in rubber processing, polymer curing, foundry drying, and materials engineering. These systems improve energy efficiency and deliver high-precision heating for factories. This engineering foundation enables Enerzi to advance into methane plasmolysis with a strong base in hardware design, materials science, and process control.
Prakash Mugali, Founder and CSO, Enerzi, said, “This investment validates the deep-tech innovation we are building across microwave engineering, clean hydrogen generation and nanocarbon synthesis. It will strengthen our manufacturing, accelerate our plasma and nanomaterials R&D, and fast-track our transition from pilot systems to commercial scale. Our goal is to build India’s leading clean-hydrogen and nanocarbon platform with technology that is efficient, commercially strong and planet-positive.”
Ankit Kedia, Founder and Lead Investor at Capital-A, said, “At Capital-A, we believe companies like Enerzi are well-positioned to shape India’s clean-energy and advanced-materials ecosystem. Their ability to bring plasma science into scalable manufacturing reflects the kind of innovation the sector needs. We look forward to supporting their next phase of growth.”
To strengthen the manufacturing ecosystem, Capital-A, in collaboration with SanchiConnect, launched Maxcel, a one-of-its-kind accelerator programme focused on hardware and industrial technology. The initiative is designed to support advanced manufacturing startups with tailored go-to-market assistance. The programme received more than 2,000 applications, and Enerzi is one of its standout success stories.
