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49 cleantech startups working towards making India greener

Inc42 · 1y ago

49 cleantech startups working towards making India greener

Inc42 has compiled a list of 51 Indian cleantech startups that are contributing to India's clean energy goals. These startups are working on various innovative solutions such as rooftop solar energy, biomethanation technology, air and water purification, and more. The startups mentioned in the list include 75F, Ace Green Recycling, AirOk, Bambrew, Buyofuel, Chakr Innovation, Clairco, altM, CleanMax Enviro Energy Solutions, Devic Earth, EdgeGrid, Electriq, Freyr Energy, Gegadyne Energy, GPS Renewables, Greenjoules, Greenko Group, h2e Power Systems, Hygenco, Inficold, ION Energy, Log9 Materials, Lohum, Loom Solar, Metastable Materials, MYSUN, Nepra, NewTrace, Orb Energy, Oorjan Cleantech, OxyGarden, Pi Green Innovations, Prescinto, Proklean, reNew Power, rePurpose, Sea6 Energy, SenseHawk, Skilancer Solar, Solar Ladder, SolarSquare, Swajal, The Energy Company, Uravu Labs, Varaha, WEGoT, Zenatix, and ZunRoof.

Related News

53 Cleantech Startups Working Towards Making India’s Future Cleaner & Greener

Inc42 · 1y ago

53 Cleantech Startups Working Towards Making India’s Future Cleaner & Greener

Indian cleantech startups are leading the way in developing innovative solutions to address environmental challenges. From startups focusing on renewable energy generation to those working on waste management and air and water purification, these companies are making significant contributions towards India's clean energy goals. Some notable startups in the space include 75F, which offers smart building solutions for energy efficiency, Ace Green Recycling, a battery recycling startup, and AirOk, which has developed a patented air filter for air purification. Other startups like CleanMax Enviro Energy Solutions, Chakr Innovation, and Proklean are also making waves in their respective fields. Overall, the Indian cleantech startup ecosystem is vibrant and diverse, with a wide range of innovative solutions to address environmental challenges.

I-T breather to help loss-making firms conserve working capital

Economic Times

Economic Times · 12m ago

I-T breather to help loss-making firms conserve working capital

The proposed amendment to the Income Tax Act in the budget could benefit loss-making companies, particularly startups, by helping them conserve working capital. Under the amendment, startups and other loss-making companies can apply for a certificate to avoid withholding tax when purchasing goods valued over INR 50 lakh. This would free up working capital and reduce the compliance burden on these companies. The amendment is seen as a positive step towards supporting startups and improving ease of doing business in India.

In Renewable Push, GPS Renewables Partners STEER Engineering To Build ‘Made In India’ BioCNG Processors

Inc42 · 10m ago

In Renewable Push, GPS Renewables Partners STEER Engineering To Build ‘Made In India’ BioCNG Processors

STEER Engineering has partnered with GPW Renewables to develop bio processors with a capacity of 2.5 tons per hour for agro-residue and biomass feedstocks. This collaboration aims to optimize performance and minimize costs for biofuel projects. Cleantech startups in India are attracting investors as the country moves towards net-zero carbon emissions, with funding reaching $861 million across 57 deals last year.

P2P startups look to overhaul biz, processes amidst RBI crackdown

Economic Times

Economic Times · 9m ago

P2P startups look to overhaul biz, processes amidst RBI crackdown

Peer-to-peer lending startups in India are making changes to their operations in order to comply with regulations from the Reserve Bank of India (RBI). Fintech platform Mobikwik is now processing all withdrawals on the 12th of each month and crediting them to investors' bank accounts within three working days. Other platforms, such as BharatPe and Cred, have halted their P2P lending products, while Faircent has shifted towards offline channels and working with investment advisors. The RBI has taken action against companies that violated P2P lending rules, with fines of around Rs 1.9 crore ($258,250) issued to Liquiloans and Lendenclub.

Centre eyeing one startup in every district by next year

Economic Times

Economic Times · 1y ago

Centre eyeing one startup in every district by next year

The Indian government is making progress towards its goal of having at least one registered startup in each of the 785 districts in the country within a year. Currently, there are only 20-25 districts remaining without a registered startup. The government has been working with academic institutions, state and district administrations, startup accelerators, and seed funds to boost awareness and encourage startups across the country. The program has faced challenges in registering startups in Northeast areas due to security concerns, geopolitical issues, and lack of awareness. Maharashtra, Karnataka, and Delhi have the highest number of registered startups.

E-commerce giants in India embrace electric fleets for sustainability

StartupTalky

StartupTalky · 1y ago

E-commerce giants in India embrace electric fleets for sustainability

The article discusses how e-commerce and food delivery giants in India are embracing electric fleets as part of their sustainability efforts. Companies like Zomato, Amazon India, Flipkart, Swiggy, BigBasket, and Maersk have started incorporating electric vehicles into their fleets to reduce air pollution, decrease fuel costs, and promote energy efficiency. The adoption of electric fleets is driven by the economic advantages and the commitment towards a cleaner and greener future. The article also highlights the role of technology, government initiatives, and the development of charging infrastructure in supporting the shift towards electric fleets in India's delivery and logistics industry.

India Accelerator Floats New Vertical To Back Cleantech Startups

Inc42 · 1y ago

India Accelerator Floats New Vertical To Back Cleantech Startups

India Accelerator has launched a vertical that focuses on supporting startups with sustainability business models, waste reduction, energy efficiency, and climate change initiatives. Each startup selected under this vertical will receive INR 1.5 crore through the Finvolve Accelerator Fund and an additional INR 4.1 crore through the Finvolve Seed Fund to aid in expansion. This initiative aims to provide financial support and resources to startups working towards sustainable solutions.

Venture Debt Fund ValuAble Launches First Fund With $100 Mn Corpus

Startup News FYI

Startup News FYI · 1y ago

Venture Debt Fund ValuAble Launches First Fund With $100 Mn Corpus

Rahul Gupta and Siba Panda have launched ValuAble, a venture debt fund with an initial corpus of INR 850 Cr or $100 Mn. The sector-agnostic fund aims to provide responsible capital to early and growth-stage startups. ValuAble plans to make over 30 investments at an average size of $3 Mn, offering debt in the form of working capital and term loans. The fund will focus on startups aligned with the UN's Sustainable Development Goals and sectors such as fintech, edtech, agritech, cleantech, consumer tech, and healthtech.

Recur Club launches debt offerings for startups beyond Series A and SMEs

Entrackr

Entrackr · 1y ago

Recur Club launches debt offerings for startups beyond Series A and SMEs

Debt marketplace for startups Recur Club has announced its latest credit offering, Recur Scale for financing Series A, B, and beyond startups and SMEs with revenues of Rs 40 crore and above. It will provide debt offerings of up to Rs 100 crore or about $12 million, the company said in a release. Recur Scale is available for a wide range of sectors such as SaaS, e-commerce, manufacturing, EV, D2C, agritech, and others. The credit offerings for startups and SMEs include secured term loans, venture debt, acquisition financing, operating leases, working capital loans, bill discounting, and vendor financing, among others. According to Recur Club, it plans to deploy a total of Rs 1,000 crore with the Recur Scale program for startups and SMEs, along with an additional Rs 2,000 crore through its Recur Swift program for startups in FY25. Founded in 2021 by Abhinav Sherwal and Eklavya Gupta, Recur Scale uses AI-backed matchmaking to connect borrowers with relevant lenders for efficiently discovering, comparing, and selecting credit offers. The company has partnered with over 120 marquee lenders, such as InCred, Tata Capital, Aditya Birla Capital, among others., and targets to be the one-stop solution for the financing of startups. Earlier this month, Recur Club had partnered with InCred, a new-age financial platform, to disburse Rs 300 crore to early and mid-range startups. In August last year, Recur Club also launched $10 million worth Regreen Fund to back startups actively working towards a greener and more sustainable future.

Venture Debt Crosses The Billion-Dollar Mark, Touches $1.2 Billion In CY23

OutlookIndia

OutlookIndia · 1y ago

Venture Debt Crosses The Billion-Dollar Mark, Touches $1.2 Billion In CY23

The Venture Debt market in India has surpassed the billion-dollar mark, reaching a record $1.2 billion in 2023. This indicates a shift towards strategic financing and highlights the potential for Indian innovation in the global startup scene. The third edition of the India Venture Debt Report predicts a surge in cleantech deals, with the sector expected to attract the most venture debt funding in 2024. This reflects a broader trend towards sustainable investments and aligns with global priorities in green technologies. The market is projected to reach $1.8-2 billion by 2026, indicating a promising future for India's startup ecosystem.

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