Last updated 2026-07-20
- Raised $2.5M Seed round led by Next Gear Ventures, Aug 2025
- Raised $1.2M Pre-Seed round led by Next Gear Ventures, Jul 2023
- Raised $500k grant, Jun 2022
Total raised
$4.2M
Last: Seed 2025-09
Stage
Seed
Founded
2023
Headcount
9
HQ
Tel Aviv-Yafo, Israel
Sector
Energy Tech
About
Nugen develops a clean, long-duration on-site power platform designed for data centers and AI infrastructure facing growing energy constraints. Their solution uses solid-state hydrogen cartridges to generate electricity on demand, delivering multi-day resilience without combustion, pressurized hydrogen, or hydrogen infrastructure. The system is modular and scalable, supporting applications ranging from backup power to grid support and capacity expansion.
Funding history · 3 rounds · $4.2M total
2025-08
Seed
$2.5M
★ Next Gear Ventures
2023-07
Pre-Seed
$1.2M
★ Next Gear Ventures
2022-06
Grant
$500K
Headcount over time
From 6 (2023-08) to 9 (2026-03) · +3 (+50%) · 6 points · source: Finder history + radar grounding
Q&A
- What is Nugen's primary focus?
- Nugen is building distributed clean-energy infrastructure for data centers and critical infrastructure, utilizing a proprietary solid-state hydrogen platform for power storage, shipping, and delivery.
- When was Nugen founded?
- Nugen was founded in October 2023.
- What is Nugen's total funding to date?
- Nugen has raised a total of $4,200,000 USD.
- When did Nugen complete its most recent funding round and who led it?
- Nugen completed a Seed round in September 2025, led by Next Gear Ventures.
- What type of funding did Nugen receive in August 2023?
- In August 2023, Nugen received Pre-Seed funding from Next Gear Ventures.
- Which entity provided Nugen with a grant in July 2022?
- The Israeli Science Ministry provided Nugen with a grant in July 2022.
- Who are the co-founders of Nugen?
- The co-founders of Nugen are Eyal Shalom, Prof. Alex Schechter, and Prof. Idit Avrahami.
- What is Nugen's current product stage?
- Nugen's product is currently in the R&D stage.
Team · 4
Eyal Shalom
Founder · CEO & Co-Founder
Evgeny Gamerman
Founder · CTO & Co-Founder
Prof. Idit Avrahami
Founder · CSO & Co-Founder
Prof. Alex Schechter
Founder · CSO & Co-Founder
Sectors & technology
Primary sector
Energy Tech
Sub-sectors
Energy TechEnergy Production & SourcesClimate TechEnergy TransitionClean Energy GenerationHydrogen
Target customers
Energy, Utilities & Waste ManagementNew FuelsHydrogen
Business model
B2B
Highlights
Climate Tech1 PatentsVerified
Tags
renewable-energydata-center-efficiencydata-centerscritical-infastructurehydrogenclimate-techenergytechelectric-power
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | nugeneco.com |
|---|---|
| linkedin.com/company/102968455 |
Identifiers & details
| Legal name | NugenX Clean Energy Ltd |
|---|---|
| Founded | 2023-10 |
| Employees (exact) | 9 |
Radar intelligence
Patents
| EPO | 74 |
|---|
Publications (Crossref)
| Works | 10 |
|---|
Web history (Wayback)
| Domain | nugeneco.com |
|---|
Certificate / subdomain footprint
| Subdomains | 4 |
|---|
Israeli Companies Registrar (רשם החברות / ICA)
| Registrar # (ח.פ.) | 516880945 |
|---|---|
| Status | פעילה |
| Corp type | ישראלית חברה פרטית |
| Incorporated | 2023-10-19 |
| Purpose | לעסוק בכל עיסוק חוקי |
| Liability | מוגבלת |
| In violation (unfiled) | no |
| Last annual report | 2025 |
| Active charges / liens | 0 |
| Registry events | 4 — shares_capital (2), other (1), people (1) |
| Registered address | שבח 7 תל אביב - יפו |
Recent registry events
| Date | Event |
|---|---|
| 2025-11-16 | הקצאת מניות |
| 2025-11-13 | שינוי בהרכב הון - מניות-פיצול מניה |
| 2025-11-13 | שינוי בתקנון |
| 2025-11-11 | עדכון דירקטורים-הוספת דירקטור |