Belagavi continues to strengthen its position on India’s tech and manufacturing map as Enerzi, a homegrown deep-technology company headquartered in the city, has secured ₹16.5 crore in seed funding. The round was anchored by Capital-A, India’s first venture fund dedicated exclusively to manufacturing, with participation from 8x Ventures and several angel investors.
Enerzi, founded in Belagavi, is developing an advanced method to produce clean hydrogen using microwave-plasma reactors. The process converts methane into hydrogen while also generating solid carbon nanopowder, opening applications in batteries, composites and high-performance materials. This dual-output approach makes the technology both cost-efficient and industry-ready.
Alongside its hydrogen platform, Enerzi is already known for building industrial microwave heating systems used across rubber processing, polymer curing, foundries and materials engineering. This strong base in hardware design, materials science and automation has enabled the company’s leap into methane plasmolysis.
The new funding will help Enerzi scale manufacturing in Belagavi, expand its engineering and plasma science teams, and accelerate the commercial rollout of its hydrogen and nanocarbon technologies in India and abroad.
Founder and CSO Prakash Mugali said the investment validates years of innovation rooted in Belagavi.
“It strengthens our mission to build a clean, efficient and globally competitive hydrogen and nanocarbon platform from India,” he said.
Capital-A Founder Ankit Kedia highlighted Enerzi as a prime example of high-impact innovation emerging from tier-2 cities.
“Their ability to convert plasma science into scalable manufacturing aligns perfectly with our vision for the future of clean energy and advanced materials,” he noted.
Enerzi is also among the standout startups nurtured through Maxcel, an accelerator launched by Capital-A and SanchiConnect to boost India’s hardware and industrial tech ecosystem.
Capital-A, founded in 2021, manages a ₹400-crore Fund II and has backed over 20 manufacturing-focused startups including Matchlog, Tan90, Agrileaf and Manastu.