About Renewable Energy Tech sector in India
The Renewable Energy Tech sector in India comprises 312 companies, including 110 funded companies having collectively raised $2.02B in venture capital money and private equity. Out of these, 26 are Series A+ funded.
Renewable Energy Tech sector in India has seen 6 acquisitions and 3 IPOs.
This sector includes companies offering technology-based software solutions to simulate, manage, monitor, and optimize renewable power generation. Also, include companies providing innovative solutions like power sharing, grid integration, and innovative hardware.
Renewable Energy Tech sector is also known as Renewable Power or Online Renewable Energy.
Companies included in Renewable Energy Tech
Companies offering tech-heavy hardware, software, and tech-enabled services for Renewable Energy Power Generation including Solar Energy, Wind Energy, Bioenergy, Marine Energy, Hydro Energy, and Geothermal Energy sectorsCompanies excluded in Renewable Energy Tech
Companies offering traditional hardware, independent power producers, financing providers, project developers, and consultancy servicesTop Renewable Energy Tech Companies in India
There are more than 312 companies in Renewable Energy Tech in India. Ecozen Solutions is the top Renewable Energy Tech company in India, ranked using Tracxn Score (what's this?).
Here are 5 of the top Renewable Energy Tech companies in India:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | Pune (India) | 2010 | Series C | $76.4M | |
Financial solutions for the electric vehicle, solar, and SME sectors | Mumbai (India) | 2022 | Series A | $10.8M | |
Solar financing, equipment procurement, and performance monitoring solutions | Mumbai (India) | 2018 | Series A | $21.2M | |
Provider of green hydrogen and green ammonia production and distribution solutions | Gurugram (India) | 2020 | Series B | $31.3M | |
Investment platform offering solar investments | Gurugram (India) | 2018 | Seed | $2.12M |
Companies founded year-on-year in the Renewable Energy Tech sector in India
39 Renewable Energy Tech startups in India were founded in 2018 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | 1 |
2024 | 15 |
2023 | 14 |
2022 | 19 |
2021 | 20 |
2020 | 23 |
2019 | 33 |
2018 | 39 |
2017 | 36 |
2016 | 16 |
Stage-wise distribution of Renewable Energy Tech sector companies in India
Out of the total 312 Renewable Energy Tech companies in India, 110 have secured funding. Among them, 26 have reached Series A or higher, and 13 to Series B or beyond.
Founded - 312
Funded - 110
Series A+ - 26
Series B+ - 13
Series C+ - 12
Company Stage | No. of companies |
|---|---|
Founded | 312 |
Funded | 110 |
Series A+ | 26 |
Series B+ | 13 |
Series C+ | 12 |
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Funding Trends in the Renewable Energy Tech sector in India
Total funding year-on-year in the Renewable Energy Tech sector in India
The Renewable Energy Tech sector in India saw a total funding of more than $1.91B in the last 10 years. The most amount of funding was in 2023 at more than $668M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $69.8M |
2024 | $518M |
2023 | $668M |
2022 | $463M |
2021 | $163M |
2020 | $5.71M |
2019 | $5.37M |
2018 | $12.2M |
2017 | $762K |
Recent Funding Rounds in Renewable Energy Tech in India
In the year 2025, till October 2025, Renewable Energy Tech companies in India have raised $129M in equity funding across 14 rounds.
In the same period last year (i.e. till October 2024), Renewable Energy Tech companies in India had raised $76.5M across 20 rounds.
So, 2025 has seen a 68.47% rise in funding in Renewable Energy Tech companies in India as compared to 2024.
Here are some recent, important funding rounds in Renewable Energy Tech companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 6674 | Oct 27, 2025 | - | |
Series A | 5203 | Oct 09, 2025 | ||
Series A | 4652 | Aug 20, 2025 | ||
PE | 3223 | Jul 29, 2025 | ||
Series A | 7038 | Jul 21, 2025 |
Top Investors in Renewable Energy Tech in India
Social Alpha is the top investor in Renewable Energy Tech companies in India based on number of companies invested.
Here are some top investors in Renewable Energy Tech companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Bengaluru (India) | ||
Singapore (Singapore) | - | |
Toronto (Canada) | - | |
Mumbai (India) | ||
Nairobi (Kenya) | - |
M&A activity in Renewable Energy Tech sector in India
In the year 2024, till October 2024, 2 acquisitions happened in Renewable Energy Tech sector in India. Last year, in 2023, a total of 1 acquisition happened in Renewable Energy Tech sector in India.
Here are some recent, important acquisitions in Renewable Energy Tech sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Oct 28, 2024 | ||
Business Acquisition | Oct 15, 2024 | ||
Business Acquisition | May 03, 2023 | ||
Business Acquisition | Dec 15, 2021 | ||
Business Acquisition | Jun 04, 2020 |
Acquisition trends in Renewable Energy Tech sector in India
Here are the acquisition trends in Renewable Energy Tech sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2025 | - |
2024 | 2 |
2023 | 1 |
2022 | - |
2021 | 1 |
2020 | 1 |
2019 | 1 |
2018 | - |
2017 | - |
2016 | - |
IPOs in Renewable Energy Tech in India
In the year 2025, till October 2025, 1 IPO happened in Renewable Energy Tech sector in India.
Here are some recent, important IPOs in Renewable Energy Tech sector in India:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Oct 03, 2025 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Jul 21, 2023 | Bombay Stock Exchange (BSE) | |
Sep 02, 2021 | National Stock Exchange (NSE) |
Colleges which produce the most Renewable Energy Tech companies in India
Companies founded by alumni from top colleges in the Renewable Energy Tech in India
Most number of Renewable Energy Tech startups in India have been founded by alumni from IIT Bombay, BITS Pilani and IIT Delhi.
College | No. of companies |
|---|---|
IIT Bombay | 14 |
BITS Pilani | 9 |
IIT Delhi | 9 |
IIT Madras | 7 |
IIT Roorkee | 6 |
IIT Kanpur | 5 |
IIT Kharagpur | 5 |
University of Delhi | 5 |
Carnegie Mellon University | 3 |
IIM Bangalore | 3 |
Total funding in Renewable Energy Tech companies founded by alumni from top colleges in India
In the last 10 years, IIT Kharagpur graduates' Renewable Energy Tech companies in India have raised the most funding among top colleges. London Business School (LBS) alumni are second, and IIT Bombay alumni are third.
College | Total Funding |
|---|---|
IIT Kharagpur | $106M |
London Business School (LBS) | $54.6M |
IIT Bombay | $48.3M |
University of Delhi | $31.9M |
University of Edinburgh | $31.3M |
BITS Pilani | $25.6M |
IIM Bangalore | $23.3M |
Yale University | $22.9M |
IIT Kanpur | $17.1M |
IIT Roorkee | $15.9M |
Top News in Renewable Energy Tech in India
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Buyofuel Achieves INR 100 Cr Revenue, Profitability, and ExpandsBusiness News This Week•Apr 18, 2025•Buyofuel
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Serentica to invest Rs 50,000 cr in renewables in RajasthanNewsDrum•Dec 06, 2024•Serentica Renewables
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Eco-Friendly Mobility: Quantum Energy and ECOFY Collaborate on Green Finance OptionsMedia Bulletins•Nov 25, 2024•Quantum Energy, Ecofy
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Buyofuel Partners with BSE BEAM to Boost Biofuel Market EfficiencyDevdiscourse•Aug 13, 2024•Buyofuel, Bsebeam
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Hygenco and Ameropa partner to boost Green Ammonia supply from IndiaBusiness Today•Jun 27, 2024•Hygenco, Ameropa
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Serentica Invites EoI for 800 MWh Standalone Battery Energy StorageMercom India•Jun 18, 2024•Serentica Renewables
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Usage of Cashew Nut Shells as an Alternative Fuel: Mr. Kishan Karunakaraniamrenew.com•May 16, 2024•Buyofuel
