Hycosys raises over $1 million in a seed funding round led by MountTech Growth Fund’s Kavachh to strengthen its engineering team and develop a micro gas turbine.
Amount Raised
$1 Million
Round Type
Seed
BengaluruManufacturingEnergyOil And GasRenewable EnergyInvestors
Description
Deep-tech engineering startup Hycosys has raised over $1 million in a seed funding round led by MountTech Growth Fund. The funds will be used to strengthen the engineering team and develop a micro gas turbine. Co-founded in 2024, Hycosys is focused on building low-emission micro gas turbine systems. The startup aims to meet decarbonisation goals by developing clean fuel-flexible technologies.
Quick answer
Hycosys raised $1 Million in a Seed round, dated February 23, 2026. Investors: MountTech Growth Fund. Hycosys is based in Bengaluru, Karnataka, India.
- How much did Hycosys raise?
- Hycosys raised $1 Million in a Seed round on February 23, 2026.
- Who invested in Hycosys?
- MountTech Growth Fund is named as investors in this round.
- What does Hycosys do?
- Hycosys is a deep-tech engineering startup co-founded in 2024 by Tapish Agarwal and Ugandhar Reddy, focusing on building fuel-flexible, low-emission micro gas turbine systems.
- Where is Hycosys based and how big is it?
- Hycosys is based in Bengaluru, Karnataka, India. Fundz records about 13 employees.
- Who are the decision-makers at Hycosys?
- Fundz holds 1 contact at Hycosys, including the Co-Founder & CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Oil And Gas around the same time
Companies in the same sectors as Hycosys that raised within 45 days of this round, from Fundz verified event records.
- RIFT raised $97M (Series B) on March 3, 2026.
- International Battery Metals raised $2M (Seed) on February 23, 2026.
- XFuel raised $20M (Series A) on January 28, 2026.
- Membrane Technology & Research raised $27M on April 9, 2026.
- Capstone Energy Plus, Inc. raised $113M (Corporate Round) on March 30, 2026.
- Fermi raised $165M (Debt Financing) on March 27, 2026.
Who to call at Hycosys, and when
A new round usually means Hycosys is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Hycosys raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Hycosys, from your own LinkedIn network
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Related People
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