About Energy Tech sector in India
The Energy Tech sector in India comprises 4.93K companies, including 805 funded companies having collectively raised $12.2B in venture capital money and private equity. Out of these, 204 are Series A+ funded, and 2 have achieved unicorn status.
Energy Tech sector in India has seen 40 acquisitions and 31 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 India
There are 4,930 Energy Tech startups in India which include Ather Energy, Yulu, Blu-Smart, Ecozen Solutions, Euler Motors. Out of these, 805 startups are funded, with 204 having secured Series A+ funding, and 2 achieving unicorn status.
Over the past 10 years, an average of 277 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Bombay, BITS Pilani and IIT Delhi.
Here is the list of top Energy Tech startups in India
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?
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. Euler Motors
Electric vehicle manufacturer focused on commercial EVs. The company builds light- and three-wheeler electric vehicles designed for cargo and passenger mobility, with engineering and production tailored to Indian conditions. It focuses on designing and manufacturing electric vehicles for various commercial purposes. The company provides solutions to improve efficiency and sustainability in the transportation sector. It aims to offer reliable and environmentally conscious options.
Key facts about Euler Motors
- Founded Year: 2018
- Location: Delhi (India)
- Stage: Series D
- Total Funding till date: $206M
- Investors: Hero MotoCorp, QRG Holdings and 47 Others
- Latest Funding Round: Series D, May 08, 2025, $*****
- Tracxn Score: 75/100 What is this?
- Competitors Rank: 1 of 363 Competitors
Companies founded year-on-year in the Energy Tech sector in India
438 Energy Tech startups in India 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 | 20 |
2024 | 159 |
2023 | 294 |
2022 | 397 |
2021 | 423 |
2020 | 398 |
2019 | 438 |
2018 | 359 |
2017 | 291 |
Stage-wise distribution of Energy Tech sector companies in India
Out of the total 4,930 Energy Tech companies in India, 805 have secured funding. Among them, 204 have reached Series A or higher, and 115 to Series B or beyond.
Founded - 4,930
Funded - 805
Series A+ - 204
Series B+ - 115
Series C+ - 90
Company Stage | No. of companies |
|---|---|
Founded | 4,930 |
Funded | 805 |
Series A+ | 204 |
Series B+ | 115 |
Series C+ | 90 |
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Funding Trends in the Energy Tech sector in India
Total funding year-on-year in the Energy Tech sector in India
The Energy Tech sector in India saw a total funding of more than $11.8B in the last 10 years. The most amount of funding was in 2023 at more than $2.84B. There has been a total funding of $1.33M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $1.33M |
2025 | $1.84B |
2024 | $2.03B |
2023 | $2.84B |
2022 | $2.73B |
2021 | $1.19B |
2020 | $269M |
2019 | $637M |
2018 | $249M |
2017 | $63.1M |
Recent Funding Rounds in Energy Tech in India
In the year 2026, till January 2026, Energy Tech companies in India 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 India had raised $66.4M across 13 rounds.
So, 2026 has seen a 98% drop in funding in Energy Tech companies in India as compared to 2025.
Here are some recent, important funding rounds in Energy Tech companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 4846 | Jan 07, 2026 | ||
Seed | 9634 | Dec 23, 2025 | and 7 more | |
Seed | 3368 | Dec 23, 2025 | and 6 more | |
Seed | 1700 | Dec 19, 2025 | ||
Series A | 1842 | Dec 18, 2025 | and 2 more |
Top Investors in Energy Tech in India
LetsVenture is the top investor in Energy Tech companies in India based on number of companies invested.
Here are some top investors in Energy Tech companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Bengaluru (India) | ||
Singapore (Singapore) | ||
- | ||
Bengaluru (India) | ||
Mumbai (India) |
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M&A activity in Energy Tech sector in India
In the year 2025, till October 2025, 4 acquisitions happened in Energy Tech sector in India. Last year, in 2024, a total of 3 acquisitions happened in Energy Tech sector in India.
Here are some recent, important acquisitions in Energy Tech sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Oct 28, 2025 | ||
Business Acquisition | Aug 18, 2025 | ||
Business Acquisition | Apr 09, 2025 | ||
Business Acquisition | Feb 20, 2025 | ||
Business Acquisition | Oct 28, 2024 |
Acquisition trends in Energy Tech sector in India
Here are the acquisition trends in Energy Tech sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 4 |
2024 | 3 |
2023 | 6 |
2022 | 12 |
2021 | 8 |
2020 | 1 |
2019 | 1 |
2018 | 2 |
2017 | 1 |
IPOs in Energy Tech in India
In the year 2025, till October 2025, 8 IPOs happened in Energy Tech sector in India.
Here are some recent, important IPOs in Energy Tech sector in India:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Oct 08, 2025 | Bombay Stock Exchange (BSE) | |
Oct 03, 2025 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
May 06, 2025 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Apr 30, 2025 | National Stock Exchange (NSE) | |
Apr 02, 2025 | National Stock Exchange (NSE) |
Colleges which produce the most Energy Tech companies in India
Companies founded by alumni from top colleges in the Energy Tech in India
Most number of Energy Tech startups in India have been founded by alumni from IIT Bombay, BITS Pilani and IIT Delhi.
College | No. of companies |
|---|---|
IIT Bombay | 70 |
BITS Pilani | 52 |
IIT Delhi | 44 |
IIT Madras | 44 |
IIT Kharagpur | 39 |
IIT Kanpur | 30 |
IIT Roorkee | 30 |
IIM Ahmedabad | 23 |
IIM Bangalore | 22 |
IIM Calcutta | 19 |
Total funding in Energy Tech companies founded by alumni from top colleges in India
In the last 10 years, IIT Bombay graduates' Energy Tech companies in India have raised the most funding among top colleges. Harvard University alumni are second, and Massachusetts Institute of Technology alumni are third.
College | Total Funding |
|---|---|
IIT Bombay | $1.69B |
Harvard University | $1.53B |
Massachusetts Institute of Technology | $1.45B |
IIT Madras | $692M |
IIT Kanpur | $569M |
IIT Kharagpur | $463M |
IIT Roorkee | $415M |
Cornell University | $313M |
University of Chicago | $277M |
Booth School of Business | $230M |
Top News in Energy Tech in India
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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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Grinn Partners with MediaTek for High-Performance SOMsPR Newswire•Sep 17, 2025•Grinntech, MediaTek, Grinn Global
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Bigbasket expands its EV-first delivery network across 50 citiesStoryboard18•Aug 06, 2025•Bigbasket, Kazam
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