India Climate Startups Update

Startup Update

Anjali Bansal’s view on investment in climate-tech and sustainability

2023-02-01 |

Avaana, invests in three sectors - energy and resource management, mobility and supply chains, and climate-resilient agriculture.

  • Climate Finance


Notes by Narsi

Anjali says in the interview: "In India, climate-tech attracted $1.2Bn in investments between 2016 and 2020, with most investments focused on renewable energy and electric mobility. Against this, the sector raised $839 million in the first two quarters of 2022 alone, signifying the exponential increase in funding activity."

$300 million per annum average vs $840 million for half a year - so over $1.5 billion per annum. That's a five fold jump.

Is it any wonder that every second VC is now a climate tech VC in India?

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