Owners of Indian startups unlocked the Mantra of innovation and integration of green technology to transform the nation towards a greener future. However, do the leaders are going on the right path? Let’s just delve into it.
India, with its huge population and dissimilar geography, has been unconventionally placed to play a significant role in the international fight against climate change. The escalating climate tech ecosystem of Indian startups has been changing in a rapid manner, providing advanced solutions to focus on the pressing environmental issues of the modern century.
A dissimilar condition
Indian tech startups, Indian Unicorn startups, and Indian space startups have been managing a broad range of challenges, from renewable energy as well as sustainable agriculture to waste management as well as air pollution. Different Indian startups focus on dissimilar points of revolution to make the globe pollution-free. Some noticeable instances involve,
Renewable energy
Indian startups such as Kiran Energy and CleanMax have been leading the path in rooftop solar installation as well as utility-scale renewable energy projects. Such Indian Startups have been offering affordable and clean energy to households and businesses throughout India, assisting in decreasing the dependence of the nation on fossil fuels.
Sustainable agriculture
Kheti Badi, Tractor Junction, Nurture.farm and Ecozen have been building advanced solutions to upgrade the productivity of agriculture while decreasing environmental effects. Moreover, Ecozen provides solar-powered solutions of, cold chain storage and irrigation solutions. On the other hand Kheti Badi offers sustainable farming options as well as technologies.
Waste Management
Local Planet, Envoprotect and Kabaddiwala have been addressing the crisis of waste by offering an effective collection of waste and services related to disposal. Such Indian startups have been operating to decrease plastic pollution and offer recycling, participating in a more sustainable and cleaner climate.
Air Pollution and Air Purification
Clairco and Chakr Innovation have been building technologies to decrease air pollution and upgrade the quality of air. Chakr Innovation has offered devices that are capable of controlling emissions for diesel engines. On the other hand, Chairco Offer a purification solution for air for commercial buildings.
Energy Storage
Gegadyne is an Indian startup that produces eco-friendly alternatives to traditional lithium-ion batteries.
Energy management
Prescinto and Smart Joules, these Indian startups, use Artificial Intelligence to recognise the main reasons behind the underperformance of plants in real-time and recommend methods to upgrade production of clean energy plants by 5 to 7 per cent.
Green Hydrogen
Newtrace is the manufacturer of electrolysers and batteries for generating hydrogen for enterprises.
Electric vehicles and electric vehicle charging
The business model of GoGreenBov is grounded on the data that the company collect from their EVs, and the concentration of this particular Indian startup is to produce affordable 2-wheelers (EVs) that are suitable for middle class Indian families.
Sustainable packaging
Bambrew produces sustainable alternatives for packaging food items, and Infinity Box is the manufacturer of recyclable and reusable containers to mitigate the issue of single-use plastic.
Carbon Management
Dhruva is a carbon management tool that aids companies in identifying the correct projects for the mitigation purpose of climate risk by developing a strong SAAS tool.
Climate Intelligence
The Indian startup Blue Sky Analytics uses satellite-obtained climate intelligence to improve financial decisions.
Indian climate Tech startups, their domain, headquarters and funds they raised
Startup Name | Domain | Headquarters | Funding Raised (USD) | Accomplishment Rate (Based on Public Data) | Founders | Stage |
CleanMax | Renewable Energy | Mumbai | 188.2 million | High | Kuldeep Jain, Sushant Arora | Series A |
Kiran Energy | Renewable Energy | Gurgaon | 50 million | High | Vikram Kumar, Vaibhav Garg | Series B |
Ecozen | Sustainable Agriculture | Pune | 83.5 million | High | Devendra Gupta, Vivek Pandey, Prateek Singhal | Series B |
Kheti Badi | Sustainable Agriculture | New Delhi | Undisclosed | Moderate | Prateek Gupta, Shashwat Gupta | Seed |
Kabaddiwala | Waste Management | Jaipur | 1.5 million | Moderate | Vimal Kedia, Nikhil Mittal | Seed |
Local Planet | Waste Management | Gurugram | 1.5 million | Moderate | Amit Gupta, Alok Gupta | Seed |
Chakr Innovation | Air Pollution | Delhi NCR | 3.6 million | High | Kushagra Srivastava, Arpit Dhupar, Bharti Singhla | Series B |
Clairco | Air Purification | Bengaluru | 572.6k | Moderate | Aayush Jha | Pre-Seed |
Gegadyne Energy | Energy Storage | Mumbai | 5 million | High | Jubin Varghese, Ameya Gadiwan | Series A |
Prescinto | Energy Management | Ahmedabad | Undisclosed | Moderate | Puneet Jaggi, Sanjay Bhasin, Ram Menon | Seed |
Clairco | Air Purification | Bengaluru | 572.6k | Moderate | Aayush Jha | Pre-Seed |
Smart Joules | Energy Management | New Delhi | Undisclosed | Moderate | Arjun Gupta | Seed |
Newtrace | Green Hydrogen | Bengaluru | Undisclosed | High | Prasanta Sarkar, Rochan Sinha | Pre-Seed |
GoGreenBov | Electric Vehicles | Bengaluru | Undisclosed | Moderate | Dhivik A, Ashish Tripathi | Series A |
FluxGen | Water Management | Bengaluru | Undisclosed | Moderate | Ganesh Shankar | Series A |
Infinity Box | Sustainable Packaging | Bengaluru | Undisclosed | Moderate | Shashwat Gangwal | Seed |
Bambrew | Sustainable Packaging | Bengaluru | 2.67 million | High | Vaibhav Anant | Seed |
Envoprotect | Waste Management | Pune | Undisclosed | Moderate | Karishma Shah | Early-Stage |
Tractor Junction | Agriculture | Alwar | Undisclosed | High | Rajat Gupta, Animesh Agarwal | Seed |
Nurture.farm | Sustainable Agriculture | Bengaluru | Undisclosed | Moderate | Dhruv Sawhney, Pranav Tiwari | Seed |
Blue Sky Analytics | Climate Intelligence | Gurgaon | Undisclosed | High | Abhilasha Purwar, Kshitij Purwar | Seed |
Dhruva | Carbon Management | Gurugram | Undisclosed | Moderate | Jagmohan Garg | Early-Stage |
Why do Indian startups fail?
Indian Startups have made prominent advances in modern times, and this has been shown in the abovementioned table, providing advanced solutions to focus on the pressing environmental barriers encountered in the nation. Nevertheless, in spite of their progress, multiple issues remain that have the ability to obstruct their development and effect, and this has led the Indian startups to fail.
1. Issues related to funding
One of the most prominent issues encountered by Indian startups has been protecting sufficient funding. Raising capital has been specifically hard for early-phase firms, as investors may be sceptical about putting funds in unconfirmed ventures. This shortage of funding has limited the capability of Indian Startups to improve their functions and attain their overall potential.
2. Hurdles of regulation
Steering critical regulatory situations can also be a prominent reason that Indian startups fail. The regulatory climate of India can be critical and ever-evolving, making it hard for startups to obey each of the pertinent laws and rules. This sometimes has led to upsurged prices and postponements in delivering goods and facilities to market.
3. Market Adoption
Growing awareness of the market and integration solutions of climate tech have been necessary for extensive effect. However, there has been an increasing requirement for sustainable solutions, and various companies and customers stay uncertain about integrating novel technologies and this is why Indian startups fail. This has been due to fears regarding costs and dependability, as well as a shortage of comprehension of the advantages of such solutions.
This particular sector of startups gets the most support from the Indian Government
The Indian government has upsurged its funding from 102 million in 2023-2024 to 191 million in 2024-24 for the Ministry of New and Renewable Energy, showing a robust pledge to clean energy growth. This assignation enhancement with offer significant support to Indian startups functioning in the renewable energy sector, nurturing development and advancement. The strategic focus of Indian startups on renewable energy is associated with its wider objective of attaining the security of energy and changing to a more sustainable energy setting. By putting funds into clean energy, Indian startups focus on decreasing their dependence on fossil fuels, lessening climate change and developing novel economic scopes.
This augmented funding has been a constructive signal for the future of clean energy in India. Additionally, with such kind of support from the Indian government, Indian startups can scale their business and place India as an international leader in solving global warming issues.
FAQ
1. What are some of the promising areas of focus for Indian climate tech startups?
The passage highlights several key areas where Indian climate tech startups are making significant strides:
Renewable Energy: Startups like CleanMax and Kiran Energy are leading the way in solar energy solutions.
Sustainable Agriculture: Ecozen, Kheti Badi, and Nurture.farm offer innovative solutions to improve agricultural productivity while minimizing environmental impact.
Waste Management: Local Planet, Envoprotect, and Kabaddiwala address waste management challenges through efficient collection and disposal methods.
Air Pollution & Purification: Clairco and Chakr Innovation develop technologies to reduce air pollution and improve air quality.
Energy Storage & Management: Gegadyne, Prescinto, and Smart Joules focus on eco-friendly alternatives to lithium-ion batteries and AI-powered solutions to optimize energy production.
Green Hydrogen: Newtrace manufactures technologies for generating hydrogen, a clean energy source.
Electric Vehicles & Charging: GoGreenBov develops affordable electric vehicles, while ChargeKart focuses on charging infrastructure.
Sustainable Packaging: Bambrew and Infinity Box offer eco-friendly alternatives for packaging materials.
Carbon Management: Dhruva provides tools to help companies identify and mitigate climate risks.
Climate Intelligence: Blue Sky Analytics uses satellite data to provide insights for better financial decisions related to climate change.
2. What are the main challenges faced by Indian climate tech startups?
Despite the progress, the passage identifies some key challenges these startups face:
Funding: Securing adequate funding, especially for early-stage startups, can be difficult due to investor hesitation towards unproven ventures.
Regulations: Navigating complex and ever-changing regulations can be time-consuming and costly, hindering market entry.
Market Adoption: Raising awareness and encouraging adoption of climate tech solutions requires overcoming concerns about cost, reliability, and lack of understanding of their benefits.
3. How is the Indian government supporting climate tech startups?
The passage highlights the government’s increasing support for clean energy development:
Increased funding allocation for the Ministry of New and Renewable Energy indicates a strong commitment to clean energy.
This financial boost will directly benefit startups in the renewable energy sector, fostering innovation and growth.
4. What is the future outlook for climate tech startups in India?
The increased government funding combined with the focus on renewable energy suggests a positive outlook:
This support can help Indian startups scale their businesses and become leaders in addressing global warming issues.
With these combined efforts, India can transition towards a more sustainable energy landscape and achieve energy security.