The report landscapes India’s current climate tech startup ecosystem. These climate tech solutions are addressing critical challenges in India, the world’s 7th most vulnerable country to both the causes and impacts of climate change. Highlighting the current market size and growth potential, the report defines the Indian climate tech startup ecosystem – represented by over 800 operational climate tech startups and over USD 3.6 Bn raised between 2014-2024 – to be a rapidly expanding market with substantial financing needs.

The study reveals that while early-stage funding is relatively robust, with two-thirds of funded startups securing seed rounds, there’s a noticeable gap in growth-stage capital. Less than 3 percent of the startups have raised Series B or beyond, indicating a need for more substantial later-stage investments to help promising solutions scale.

The report investigates five climate tech themes:

• Energy Generation & Consumption
• Food & Agriculture
• Transport & Mobility
• Industry & Industrial Decarbonisation
• Waste Management & Circularity

Considering the market size, initial validation of the problem statement and solutions, funding available, and policy and ecosystem support, the report suggests five promising areas for climate tech innovations in India.