About Environment Tech sector in India
The Environment Tech sector in India comprises 6.49K companies, including 1.32K funded companies having collectively raised $14.4B in venture capital money and private equity. Out of these, 277 are Series A+ funded, and 3 have achieved unicorn status.
Environment Tech sector in India has seen 52 acquisitions and 36 IPOs.
This sector includes it includes companies involved in tech-based water, solid waste, and air management.
Environment Tech sector is also known as Climate Tech, CleanTech or Green Tech.
It includes companies providing software solutions for water, solid waste and air management. It also includes companies providing tech heavy hardware and advanced materials for the same It excludes companies providing traditional water, solid waste and air management services. It also excludes offline environment consultancies
Top Environment Tech Companies in India
There are 6,492 Environment Tech startups in India which include Ather Energy, Yulu, Ecozen Solutions, Log9, Blu-Smart. Out of these, 1,321 startups are funded, with 277 having secured Series A+ funding, and 3 achieving unicorn status.
2026 has seen the creation of 6 Environment Tech startups in India. Over the past 10 years, an average of 385 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 Environment 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: 84/100 What is this?
- Competitors Rank: 1 of 600 Competitors
2. Yulu
Platform offering shared electric two-wheeler rentals. It 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: 79/100 What is this?
- Competitors Rank: 1 of 24 Competitors
Developer of automated irrigation systems leveraging AI and IoT. It optimize crop yields and reduce maintenance requirements. IT provides smart solar irrigation solutions for farmers, offering reliable and optimal irrigation with minimal maintenance.
Key facts about Ecozen Solutions
4. Log9
Online platform offering advanced battery technology solutions for electric vehicles. It is an innovative nanotechnology company specializing in the production of graphene based materials and the development of advanced battery solutions.
Key facts about Log9
- Founded Year: 2015
- Location: Bengaluru (India)
- Stage: Series B
- Total Funding till date: $90.3M
- Investors: Amara Raja Group, Amara Raja Energy & Mobility and 79 Others
- Latest Funding Round: Angel, May 10, 2024, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 1 of 20 Competitors
5. 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: $158M
- Investors: responsAbility, Lightsource BP and 280 Others
- Latest Funding Round: Series A, Dec 23, 2024, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 2 of 735 Competitors
Companies founded year-on-year in the Environment Tech sector in India
6 new startups have been founded so far in 2026 in the Environment Tech sector in India. 580 Environment 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 | 6 |
2025 | 77 |
2024 | 279 |
2023 | 449 |
2022 | 540 |
2021 | 553 |
2020 | 513 |
2019 | 580 |
2018 | 480 |
2017 | 374 |
Stage-wise distribution of Environment Tech sector companies in India
Out of the total 6,492 Environment Tech companies in India, 1,321 have secured funding. Among them, 277 have reached Series A or higher, and 155 to Series B or beyond.
Founded - 6,492
Funded - 1,321
Series A+ - 277
Series B+ - 155
Series C+ - 111
Company Stage | No. of companies |
|---|---|
Founded | 6,492 |
Funded | 1,321 |
Series A+ | 277 |
Series B+ | 155 |
Series C+ | 111 |
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Funding Trends in the Environment Tech sector in India
Total funding year-on-year in the Environment Tech sector in India
The Environment Tech sector in India saw a total funding of more than $13.9B in the last 10 years. The most amount of funding was in 2023 at more than $3.35B. There has been a total funding of $889M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $889M |
2025 | $2.29B |
2024 | $2.2B |
2023 | $3.35B |
2022 | $2.89B |
2021 | $929M |
2020 | $334M |
2019 | $674M |
2018 | $252M |
2017 | $83.1M |
Recent Funding Rounds in Environment Tech in India
In the year 2026, till May 2026, Environment Tech companies in India have raised $696M in equity funding across 52 rounds.
In the same period last year (i.e. till May 2025), Environment Tech companies in India had raised $1.37B across 98 rounds.
So, 2026 has seen a 49.17% drop in funding in Environment Tech companies in India as compared to 2025.
Here are some recent, important funding rounds in Environment Tech companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Angel | 6639 | Apr 23, 2026 | ||
Seed | 4262 | Apr 21, 2026 | ||
Seed | 2664 | Apr 16, 2026 | ||
Series A | 6292 | Apr 09, 2026 | ||
Angel | 4085 | Apr 08, 2026 | - |
Top Investors in Environment Tech in India
SOSV is the top investor in Environment Tech companies in India based on number of companies invested.
Here are some top investors in Environment Tech companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
New York City (United States) | ||
Bengaluru (India) | ||
Bengaluru (India) | ||
Ahmedabad (India) | ||
London (United Kingdom) | - |
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M&A activity in Environment Tech sector in India
In the year 2026, till January 2026, 1 acquisition happened in Environment Tech sector in India. Last year, in 2025, a total of 6 acquisitions happened in Environment Tech sector in India.
Here are some recent, important acquisitions in Environment Tech sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jan 04, 2026 | ||
Business Acquisition | Oct 28, 2025 | ||
Business Acquisition | Jun 09, 2025 | ||
Business Acquisition | Apr 09, 2025 | ||
Business Acquisition | Apr 07, 2025 |
Acquisition trends in Environment Tech sector in India
Here are the acquisition trends in Environment Tech sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 1 |
2025 | 6 |
2024 | 6 |
2023 | 8 |
2022 | 15 |
2021 | 8 |
2020 | 2 |
2019 | 2 |
2018 | 2 |
2017 | 2 |
IPOs in Environment Tech in India
In the year 2026, till January 2026, 2 IPOs happened in Environment Tech sector in India.
Here are some recent, important IPOs in Environment Tech sector in India:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jan 21, 2026 | Bombay Stock Exchange (BSE) | |
Jan 14, 2026 | National Stock Exchange (NSE) | |
Oct 08, 2025 | Bombay Stock Exchange (BSE) | |
Oct 03, 2025 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Sep 30, 2025 | National Stock Exchange (NSE) |
Colleges which produce the most Environment Tech companies in India
Companies founded by alumni from top colleges in the Environment Tech in India
Most number of Environment Tech startups in India have been founded by alumni from IIT Bombay, BITS Pilani and IIT Delhi.
College | No. of companies |
|---|---|
IIT Bombay | 88 |
BITS Pilani | 62 |
IIT Delhi | 62 |
IIT Madras | 55 |
IIT Kanpur | 47 |
IIT Kharagpur | 40 |
IIT Roorkee | 39 |
Indian School of Business | 29 |
IIM Ahmedabad | 26 |
IIM Bangalore | 25 |
Total funding in Environment Tech companies founded by alumni from top colleges in India
In the last 10 years, IIT Bombay graduates' Environment 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 | $1.75B |
Harvard University | $1.5B |
Massachusetts Institute of Technology | $1.46B |
IIT Madras | $765M |
IIT Kanpur | $561M |
IIT Kharagpur | $436M |
IIT Roorkee | $424M |
IIT Delhi | $410M |
Cornell University | $408M |
Indian School of Business | $356M |
Top News in Environment 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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Beyond Next Ventures–Backed Biomoneta Gets US FDA OK for Air-Decontamination DeviceMedia Bulletins•Dec 02, 2025•Biomoneta
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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 Produce
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Kae Capital's maiden fund gains from Porter & HealthKart exitsLivemint•Nov 11, 2025•RecommerceX, HealthKart, CertaSite, Foxtale and 11 others
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Varaha Achieves Asia’s First Enhanced Rock Weathering Carbon Credit Issuance with Puro.earthTheCSRUniverse•Oct 30, 2025•Varaha, Puro.earth
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Ardian raises the largest infrastructure fund in its historyExpansion•Sep 24, 2025•Verne, Attero, Ardian, Akuo Energy
