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India Climate Startups Update

Startup Update

SME fund Neev II to complete Rs 2,000 cr fundraising by June

2023-01-03 |

Commitments from global and domestic investors - European Investment Bank (EIB), Japan’s International Cooperation Agency (JICA), Foreign, Commonwealth and Development Office (FCDO); Small Industries Development Bank of India (SIDBI), SRI Fund and the State Bank of India.


  • Climate fund
  • Sustainability fund

Source


Notes by Narsi

Its prominent climate investments are in GPS Renewables, Chakr Innovation (emission-control device), Blue Planet (waste recycling & upcycling for circular economy), and Hygenco Green Energies. Interesting to see a large % of their investments in the intersection of waste, pollution & climate action, unlike many other funds that have a big slant towards renewable energy & electric vehicles.



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