About Energy Tech sector in APAC
The Energy Tech sector in APAC comprises 12.1K companies, including 2.1K funded companies having collectively raised $102B in venture capital money and private equity. Out of these, 831 are Series A+ funded, and 24 have achieved unicorn status.
Energy Tech sector in APAC has seen 140 acquisitions and 209 IPOs.
This sector includes companies providing technology-based solutions to the energy industry stakeholders.
Energy Tech sector is also known as Power Tech or Energy Engineering.
It includes companies providing software solutions to the energy industry stakeholders to manage, optimize and trade power. It also includes companies providing tech-heavy hardware for energy generation and smart products to optimize the use of energy. It excludes traditional companies which are involved in the production and distribution of non renewable and renewable energy as well as oil & gas
Top Energy Tech Companies in APAC
There are 12,058 Energy Tech startups in APAC which include Ather Energy, Yulu, Blu-Smart, Ecozen Solutions, Ehang. Out of these, 2,102 startups are funded, with 831 having secured Series A+ funding, and 24 achieving unicorn status.
Over the past 10 years, an average of 542 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Bombay, BITS Pilani and IIT Madras.
Here is the list of top Energy Tech startups in APAC
1. Ather Energy
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories. They provide electric two-wheeled vehicles designed for urban transportation. The company also offers a network of charging stations to support electric vehicle usage. Smart helmets with integrated technology and various accessories for enhancing the scooter experience are available. They provide roadside assistance and extended warranty options.
Key facts about Ather Energy
- Founded Year: 2013
- Location: Bengaluru (India)
- Stage: Public
- Total Funding till date: $502M
- Investors: Hero MotoCorp, NIIF and 36 Others
- Latest Funding Round: Series E, Aug 13, 2024, $*****
- Tracxn Score: 85/100 What is this?
- Competitors Rank: 1 of 1,729 Competitors
2. Yulu
Online platform offering shared electric two-wheeler rentals. The service provides dockless, low-speed electric bikes for short-distance city travel. It includes battery-as-a-service subscriptions and offers app-based unlocking and real-time ride tracking. The platform aims to reduce urban congestion and emissions while serving both commuters and delivery riders.
Key facts about Yulu
- Founded Year: 2017
- Location: Bengaluru (India)
- Stage: Series B
- Total Funding till date: $135M
- Investors: Bajaj Auto, Magna and 73 Others
- Latest Funding Round: Series B, Jun 29, 2025, $*****
- Tracxn Score: 80/100 What is this?
- Competitors Rank: 1 of 56 Competitors
3. Blu-Smart
Platform offering electric vehicle fleet undergoing corporate insolvency resolution process. An insolvency professional has been appointed to manage the entity. The board of directors' powers are suspended, and management is vested in the resolution professional. Correspondence regarding the corporate insolvency resolution process should be directed to the designated email address.
Key facts about Blu-Smart
- Founded Year: 2019
- Location: Gurugram (India)
- Stage: Series A
- Total Funding till date: $157M
- Investors: responsAbility, Lightsource BP and 281 Others
- Latest Funding Round: Series A, Dec 23, 2024, $*****
- Tracxn Score: 77/100 What is this?
- Competitors Rank: 2 of 725 Competitors
Sustainable agriculture technology solutions for cooling, irrigation, and market connectivity. The company provides climate-smart technology solutions, focusing on decarbonization through motor controls, energy storage, and data analytics. They offer innovative products like solar-powered cold storage, solar ACs, and solar pump controllers, designed to improve the agricultural value chain. Their solutions aim to reduce wastage, save energy, and connect farmers to markets, fostering a smart and sustainable future. The company's technology platform is evolving for industry-agnostic motor controls, electric vehicles, and devices across manufacturing. They are committed to powering the shift from inefficient to efficient through climate-smart technology solutions.
Key facts about Ecozen Solutions
5. Ehang
Developer of autonomous aerial vehicles and related command and control systems. It focuses on providing solutions for aerial transportation and related applications. The company designs, develops, manufactures, and operates these systems. It also offers services related to the operation and maintenance of its products.
Key facts about Ehang
- Founded Year: 2014
- Location: Guangzhou (China)
- Stage: Public
- Total Funding till date: $52M
- Investors: GGV Capital, GP Capital and 13 Others
- Latest Funding Round: Post IPO, Nov 14, 2024, $*****
- Tracxn Score: 77/100 What is this?
- Competitors Rank: 1 of 269 Competitors
Companies founded year-on-year in the Energy Tech sector in APAC
867 Energy Tech startups in APAC were founded in 2019 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 26 |
2024 | 253 |
2023 | 552 |
2022 | 683 |
2021 | 743 |
2020 | 758 |
2019 | 867 |
2018 | 807 |
2017 | 738 |
Stage-wise distribution of Energy Tech sector companies in APAC
Out of the total 12,058 Energy Tech companies in APAC, 2,102 have secured funding. Among them, 831 have reached Series A or higher, and 558 to Series B or beyond.
Founded - 12,058
Funded - 2,102
Series A+ - 831
Series B+ - 558
Series C+ - 443
Company Stage | No. of companies |
|---|---|
Founded | 12,058 |
Funded | 2,102 |
Series A+ | 831 |
Series B+ | 558 |
Series C+ | 443 |
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Funding Trends in the Energy Tech sector in APAC
Total funding year-on-year in the Energy Tech sector in APAC
The Energy Tech sector in APAC saw a total funding of more than $95.8B in the last 10 years. The most amount of funding was in 2022 at more than $19B. There has been a total funding of $1.33M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $1.33M |
2025 | $9.06B |
2024 | $7.14B |
2023 | $14.7B |
2022 | $19B |
2021 | $12.3B |
2020 | $14.2B |
2019 | $6.63B |
2018 | $6.64B |
2017 | $6.16B |
Recent Funding Rounds in Energy Tech in APAC
In the year 2026, till January 2026, Energy Tech companies in APAC have raised $1.33M in equity funding across 1 round.
In the same period last year (i.e. till January 2025), Energy Tech companies in APAC had raised $117M across 21 rounds.
So, 2026 has seen a 98.86% drop in funding in Energy Tech companies in APAC as compared to 2025.
Here are some recent, important funding rounds in Energy Tech companies in APAC:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 3494 | Jan 07, 2026 | ||
Seed | 8033 | Dec 23, 2025 | and 7 more | |
Seed | 7013 | Dec 23, 2025 | and 6 more | |
Series B | 6298 | Dec 23, 2025 | ||
Series A | 1492 | Dec 19, 2025 | and 4 more |
Top Investors in Energy Tech in APAC
Plug and Play Tech Center is the top investor in Energy Tech companies in APAC based on number of companies invested.
Here are some top investors in Energy Tech companies in APAC:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
Bengaluru (India) | ||
Menlo Park (United States) | Aleees and Lattice Power | |
Singapore (Singapore) | ||
Zurich (Switzerland) |
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M&A activity in Energy Tech sector in APAC
In the year 2025, till November 2025, 15 acquisitions happened in Energy Tech sector in APAC. Last year, in 2024, a total of 19 acquisitions happened in Energy Tech sector in APAC.
Here are some recent, important acquisitions in Energy Tech sector in APAC:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Nov 18, 2025 | ||
Business Acquisition | Oct 28, 2025 | ||
Business Acquisition | Sep 01, 2025 | ||
Business Acquisition | Aug 18, 2025 | ||
Business Acquisition | Jul 22, 2025 |
Acquisition trends in Energy Tech sector in APAC
Here are the acquisition trends in Energy Tech sector in APAC:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 15 |
2024 | 19 |
2023 | 20 |
2022 | 25 |
2021 | 16 |
2020 | 3 |
2019 | 11 |
2018 | 11 |
2017 | 12 |
IPOs in Energy Tech in APAC
In the year 2025, till December 2025, 15 IPOs happened in Energy Tech sector in APAC.
Here are some recent, important IPOs in Energy Tech sector in APAC:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Dec 19, 2025 | Tokyo Stock Exchange (TYO) | |
Oct 10, 2025 | Hong Kong Exchanges (HKG) | |
Oct 08, 2025 | Bombay Stock Exchange (BSE) | |
Oct 03, 2025 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Jul 15, 2025 | Korea Exchange (KRX) |
Colleges which produce the most Energy Tech companies in APAC
Companies founded by alumni from top colleges in the Energy Tech in APAC
Most number of Energy Tech startups in APAC have been founded by alumni from IIT Bombay, BITS Pilani and IIT Madras.
College | No. of companies |
|---|---|
IIT Bombay | 70 |
BITS Pilani | 52 |
IIT Madras | 47 |
IIT Delhi | 45 |
IIT Kharagpur | 39 |
National University of Singapore (NUS) | 34 |
IIT Roorkee | 31 |
IIT Kanpur | 30 |
IIM Ahmedabad | 24 |
Nanyang Technological University (NTU) | 23 |
Total funding in Energy Tech companies founded by alumni from top colleges in APAC
In the last 10 years, University of California (Berkeley) graduates' Energy Tech companies in APAC have raised the most funding among top colleges. Massachusetts Institute of Technology alumni are second, and IIT Bombay alumni are third.
College | Total Funding |
|---|---|
University of California (Berkeley) | $6.43B |
Massachusetts Institute of Technology | $2.1B |
IIT Bombay | $1.69B |
Harvard University | $1.54B |
Tsinghua University | $1.06B |
Cornell University | $959M |
IIT Madras | $699M |
IIT Kanpur | $569M |
IIT Roorkee | $508M |
IIT Kharagpur | $463M |
Top News in Energy Tech in APAC
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BlueSG Recognized by Frost & Sullivan for Leadership in Asia-Pacific Car-SharingBusinessFortNight•Jan 06, 2026•BlueSG
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Polaris deploys one million smart meters across India with WirepasTelecompaper•Dec 27, 2025•Polaris, Wirepas
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KKR-backed Serentica may raise up to $8 bn for green energy expansionVCCircle•Nov 27, 2025•Serentica Renewables, KKR
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Magenta Mobility plans $50M fundraise for EV fleet expansionhtsyndication.com•Nov 25, 2025•Magenta, Neocities, FarmArt
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Byd Delivers Sealion 7 Inter Edition To Fc Internazionale MilanoGlobeNewswire•Nov 12, 2025•Inter, BYD
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