Indian Railways Global Ceiling Fan Competition      ||      Clean Energy Investment Facilitation Platform      ||      South Asia Clean Energy Forum (SACEF) 2024      ||      Inviting applications for the SAREP Grants Annual Program Statement (APS) – FY2024. “[ON HOLD]: In light of the recent Executive Order titled “Reevaluating and Realigning United States Foreign Aid” signed by President Trump on January 20, 2025, the South Asia Regional Energy Program (SAREP) Project has been placed in a “Stop Work” status by USAID. As a result, this solicitation is currently on hold until further notice. RTI cannot receive or answer any questions or accept bids at this time. Please check back at a later date for updates.” For more information click Here.
Opportunities: I. Request for Proposal (RFP) – Bhutan Power System Operator (BPSO) e-Monitoring Digitalization Solution. For more information click here. Last date: February 10, 2025.      ||      II. Request for Proposal (RFP) – Provide Technical Services to Support the Saturation of Government Buildings with Rooftop Solar in Haryana. For more information click here. Last date: February 7, 2025.

Energy Storage

COMPANY OVERVIEW

Background: Founded in 2022, the fund is India’s First Energy Transition Focused VC Fund. They are currently in the process of is raising capital for its US$50M fund and have thus far raised about US$30M from a mix of HNIs, Family offices and investors from the sector.

Investment Strategy: The fund is presently invested in several Battery Tech for Mobility & Energy Storage companies and is on a mission to offset 40 Million tons of CO2 emissions. The fund distinguishes itself through a dedicated focus on seed-stage engineering startups that proactively mitigate carbon emissions. As venture capitalists specializing in DeepTech, they prioritize innovation and sustainable solutions.
• The fund aims to invest about US$0.5M – US$1.5M in 25-30 startups in the Energy Transition domain. The company targets to acquire around 10-25% stake in the startups they invest in.

Management Team: The management team has over 10-15 years of experience across energy projects, and the IC has 30+ years of experience, and have built and sold businesses in this space.

USE OF FUNDS

Fund raised will go towards the overall target fund size of US$50M which would them be deployed towards investments in the energy transition domain. The minimum ticket size per investor is US$1M

POTENTIAL IMPACT

The fund aims to offset 40 million tons of CO2 emissions through their investments in the space. The funds aims to invest in 20-25 startups in the Energy Transition domain.

October 17, 2024

US$10M raise for India’s First Energy Focused VC Fund

COMPANY OVERVIEW Background: Founded in 2022, the fund is India’s First Energy Transition Focused VC Fund. They are currently in the process of is raising capital for its US$50M fund […]
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