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It’s crunchtime for a new generation of climate startups

LivemintLivemint · 5m
It’s crunchtime for a new generation of climate startups

Startups in the climate technology sector face numerous challenges during their early stages, often referred to as the "valley of death." Despite their crucial role in addressing climate change, many startups fail due to blown budgets, engineering failures, and unexpected obstacles. The success of these startups is vital for reducing emissions and reshaping industries like transportation and energy. However, investors remain cautious after previous clean technology funding booms ended poorly. These startups must navigate market uncertainties and secure government subsidies, while also contending with construction setbacks, supply chain disruptions, and rising costs. Some companies are shifting strategies and seeking partnerships to survive, while others forge ahead despite the risks.

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