Deep-tech engineering startup Hycosys has raised over $1 million (approximately Rs 9 crore) in a seed funding round led by MountTech Growth Fund – Kavachh.
The Bengaluru-based startup had earlier secured $88.4K in a pre-seed funding round from PointOne Capital in December 2024.
The fresh funds will be deployed to strengthen the engineering team, access advanced testing facilities, develop a micro gas turbine (MGT), and demonstrate a working clean energy alternative to diesel-based power generators by mid-2027, Hycosys said in a press release.

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