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Funding for green technologies is on the rise in India, and the country's biggest investment fund is aiming to raise $1 billion for a climate-related fund by 2022, Bloomberg reports.
The fund, Eversource Capital's largest ever, will invest in companies in water, food, and recycling, as well as clean energy.
According to the Economic Times, startups in the climate tech space raised $157 million across 52 deals last year.
"There is a sense that there will be a much larger demand for carbon mitigation technologies," says a partner at Blume Capital, which plans to back 10 to 15 startups in the space over the next three to four years.
India has some of the highest carbon emissions in the world, and the government has been trying to reduce its carbon footprint by encouraging green technologies.
Last month, for example, the country's Department of Industrial Policy and Research announced a plan to cut carbon emissions by 25% by 2030, the BBC reports.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Press Release: The Community Foundation of Singapore Ushers in a New Era of Philanthropy.Community Foundation Of Singapore marks a new chapter with the launch of a refreshed brand identity, a renewed...more
The Community Foundation of Singapore (CFS) has appointed Mr Paul Tan as Chief Executive Officer, effective 1 April 2025.Outgoing CEO Ms Catherine Loh steps down after 13 years of dedicated...more
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Debra Vasilopoulos was surprised with the 2025 Town of Palm Beach United Way Distinguished Citizen Award.The award is the highest honor given by the organization and recognizes individuals who embody...more
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Spotlight
Social Enterprises: Key to Enhancing a Nation’s Health
Glasgow Caledonian University (GCU) has launched a series of noteworthy research projects to learn if social enterprises can help Scotland lose its “sick man of Europe” label and boost the nation’s overall health.
