With the increase in sustainable methods of using energy,a lot of startups in India has been focusing on building a company on the core principles of sustainability and clean energy.The number of applications of sustainable and clean energy have been increasing lately and gradually renewable sources are being implemented across all sectors.Here is a list of 20 VC firms that invest in cleantech startups:
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Infuse Ventures:Infuse Ventures is housed at IIM Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE), they partner with exceptional entrepreneurial teams in India to help create, build and scale new cleantech businesses. This fund was founded by Kunal Upadhyay in 2007.They participate in seed,series A and funding rounds.
Location: Ahmedabad,Gujarat
Number of investments made in clean energy startups:11
Notable investments: Tessol, Gold Farm
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Indian Angel Network:The Indian Angel Network is a unique concept which brings together highly successful entrepreneurs and CEOs from India and around the world who are interested in investing in startup / early stage ventures which have the potential of creating disproportionate value.The fund was founded by Padmaja Ruparel, Saurabh Srivastava and Raman Roy.They primarily focus on participating in seed, series A and angel rounds.
Location: New Delhi
Number of investments made in clean energy startups: 10
Notable investments: Adya, SecurWeave Research Labs
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Mumbai Angels:Mumbai Angels Network is a sector-agnostic, new age, early-stage, venture investment platform with a diverse membership base, spanning the globe.It was founded by Nandini Mansinghka.They invest in software,e-commerce and food and health and participate in seed,angel and funding rounds.
Location: Mumbai, Maharashtra
Number of investments made in clean energy startups: 9
Notable investments: Clensta, Vgenomics
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Omnivore:Omnivore funds entrepreneurs building the future of agriculture and food systems.Jinesh shah co-founded the company along with Mark Kahn in 2010.They primarily focus on participating in seed,series A and series B rounds.
Location: Mumbai, Maharashtra
Number of investments made in clean energy startups: 8
Notable investments: Fasal, Farmley
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JITO Angel Network: JITO Angel Network is backed by JITO’s 15000+ Industrialists, businessmen and HNIs spread worldwide. They provide business support that accelerates the growth of startups.They participate in seed,pre-seed and angel rounds.
Location: Mumbai, Maharashtra
Number of investments made in clean energy startups: 7
Notable investments: Heliware, Uravu Labs
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Whiteboard Capital: Whiteboard Capital is Mumbai based early stage investment firm.They participate in seed,pre-seed and series A rounds.The firm was founded by Sandeep Tandon.
Location: Mumbai, Maharashtra
Number of investments made in clean energy startups: 7
Notable investments: Mindgrove, SuperHire
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We Founder Circle: WeFounderCircle is a seed fund by founders, for founders. Backed by a community of successful founders & strategic angels, they help raise seed funding of $100K-$150K to early-stage founders.The firm was founded by Neeraj Tyagi and they participate in seed,pre-seed and series A rounds.
Location: Mumbai, Maharashtra
Number of investments made in clean energy startups: 6
Notable investments: ObenElectric, Crib
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Anicut Capital: Anicut Capital is a leading alternative investment firm, dedicated to powering the growth of the country’s burgeoning startup & SME ecosystem. They participate in seed, debt financing and series A rounds.
Location: Chennai, Tamil Nadu
Number of investments made in clean energy startups:6
Notable investments: P-TAL, TAO digital solutions
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Sixth Sense Ventures: Sixth Sense Ventures is India’s first domestic consumer centric venture fund, founded by Nikhil Vora.Sixth Sense has a formidable founding team that includes one of the most reputed corporate CEOs of a large domestic consumer company.They participate in seed, series A and funding rounds.
Location: Mumbai, Maharashtra
Number of investments made in clean energy startups: 6
Notable investments: Prozo, The Ayurveda Co.
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Speciale Invest: Speciale Invest is a fund run by tech enthusiasts to support visionaries and innovators building deep tech solutions and engineering innovation.They participate in seed, pre-seed and funding rounds.
Location: Bengaluru, Karnataka
Number of investments made in clean energy startups: 6
Notable investments: Protecto, Neverinstall
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Inflection Point Ventures: Inflection Point Ventures, with over 3300 CXOs and professionals, HNIs and Family Offices, is India’s leading angel network investing in early-to-mid stage startups.The fund was found by Vinay Bansal. They invest in Health Care, Artificial Intelligence and E-Commerce and participate in seed,pre-seed and series A rounds.
Location:Gurgaon, Haryana
Number of investments made in clean energy startups: 6
Notable investments: Settl., SkinQ
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Blume Ventures: Blume Ventures focuses on tech-focused/tech-enabled ventures. They are typically the first institutional investors in their portfolio companies and invest for about 8-10 years.The fund was founded by Karthik Reddy and Sanjay Nath. They invest in software,IT and e-commerce and participate in series A,series B and seed rounds.
Location: Mumbai, Maharashtra
Number of investments made in clean energy startups: 6
Notable investments: Airblack, GreyOrange
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Climate Angels: Climate Angels is an angel investment syndication platform for pollution reduction and climate tech startups. Backed by India’s leading Entrepreneurs, VC, Investors for solving Pollution & Climate change.The fund was founded by Shailesh Vickram Singh.They participate in seed,pre-seed and series A rounds.
Location: Haryana
Number of investments made in clean energy startups: 5
Notable investments: INDRA, Matter
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Titan Capital:Titan Capital believes in investing in world-class entrepreneurs looking to create a wide-scale positive impact on India and the World.Titan capital was founded by Kunal Bahl and Rohit Bansal.They invest in software,internet and financial Services and participate in seed,pre-seed and series A rounds.
Location: Gurgaon, Haryana
Number of investments made in clean energy startups: 5
Notable investments: DevDham, Showroom B2B
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Gruhas: Gruhas Proptech is a venture capital firm founded by the founders of Zerodha and puzzolana and it specialises in proptech investments and also invests in cleantech startups.They participate in seed,series A and funding rounds.
Location: Bangalore, Karnataka
Number of investments made in clean energy startups: 5
Notable investments: Qdesq, The 1% Club
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Micelio Fund: Micelio Fund is a seed fund focused solely on clean mobility. Micelio Fund invests in exceptional, innovative startups in the EV ecosystem including drivetrain technologies, charging infrastructure, energy management and special-purpose electric vehicles.The fund was founded by Shreyas Shibulal and they participate in seed,pre-seed and debt financing rounds.
Location: Bangalore, Karnataka
Number of investments made in clean energy startups: 4
Notable investments: NewTrace, ElectricPe
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Capital A: Capital A is a venture fund for seed to early-stage start-ups.They participate in seed,pre-seed and funding rounds.
Location: Bangalore, Karnataka
Number of investments made in clean energy startups: 4
Notable investments: Ellipsol, oorja.energy
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Pravega Ventures: Pravega Ventures is keen to provide the first institutional capital to tech-enabled startups, at a seed or a pre-Series A stage. The fund was co-founded by Mukul Singhal.
Location: New Delhi
Number of investments made in clean energy startups: 4
Notable investments: ChefKart, SalarySe
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Elevation Capital: Elevation Capital is an early-stage venture capital firm that focuses on consumers, enterprises, logistics, and B2B.The fund was founded by Ravi Adusumalli.They invest in software,financial services and e-commerce and participate in series A,series B and seed rounds.
Location:Gurgaon,
Number of investments made in clean energy startups: 3
Notable Investments:mylight50,Vridhi Home Finance
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Orios Venture Partners: Orios Venture Partners is an early stage venture fund which primarily invests in software and technology enabled startups.The fund was founded by Rehan Yar Khan. They participate in seed,series A and series B rounds.
Location: Mumbai,Maharashtra
Number of investments made in clean energy startups: 3
Notable investments: BeatO, Varaha
*This article is written by Sagnik Baidya, Sr. Feature Writer & Tech Expert at Indian Startup Times
