Climate-Focused Neev II Fund invests in Hygenco

The Neev II Fund, a small and medium-sized enterprise fund focused on climate and sustainability, has announced an undisclosed investment in Hygenco Green Energies Private Limited. While the fund did not disclose the amount, Hygenco received approximately £22 million in funding (about Rs 2.10 billion). The green company intends to invest over $300 million (about Rs 24.71 billion) in green hydrogen projects across India over the next three years and plans to use the Neev Fund investment to commercialise its early pipeline.