Invest in profit with purpose.

For the energy transition to truly take hold, sustainability has to make economic sense at scale. We believe in backing businesses that can transform industries, build globally competitive capabilities, and shape India’s next phase of industrial growth.

India’s climate capital flows reflect a structural shift: climate technology innovation is no longer viewed as sectoral, but as a set of systemic frontier technologies spanning energy, mobility, supply chains, manufacturing, agriculture and food systems, advanced materials, and artificial intelligence. India’s development trajectory therefore cannot replicate the resource- and emissions-intensive pathways followed by earlier industrialising economies. Instead, the country must pursue innovation-led growth that leapfrogs legacy infrastructure and embeds sustainability at scale.

Rice covers a fifth of Asia’s cultivated land, and it is both a major source of methane and one of the most water-intensive crops grown. Changing farming practices is not easy, but the harder part has been knowing what is actually happening in the fields across millions of small farms. We are bullish on satellite technology and other allied tech that aims to solve this problem.

I believe the climate capital flows matured past the hype cycle into real, disciplined bets on deeptech hardware and manufacturing like battery storage tech to address renewables intermittency, alternate fuels and materials, battery recycling, rare-earth free magnets and motors, innovative, utility driven EV OEMs, data centre and AI efficiencies etc. that actually fix our energy transition supply chains. It's a clear pivot from vague "climate intent" to hardcore unit economics and building homegrown capabilities, especially in hardware that tackles our biggest bottlenecks.

Climate change and emerging market growth are the two powerful trends shaping the future of investing. Unlike the western markets where green technologies may often come at a premium, emerging markets are increasingly moving towards offering a green discount around essential products at and services, creating an economic incentive that is hard to ignore. This green discount is drawing substantial climate investments in India, reshaping the landscape of green finance here.

Currently the focus on climate is a necessary and important part when we talk about any type of global impact. We look for technologies that create immediate impact as on health and also those that can create long term impact on climate. We look for strong IP in sciences and engineering applied in the physical world.

Climate investing in India started to look more like classic venture. The market rewarded teams that solved real problems with repeatable products, proved unit economics & showed a clear path from early adoption to scaled deployment. I’m most excited about climate finance infrastructure. Financing rails, backed by usage and repayment data, clean documentation & verified savings or revenue, will help banks and NBFCs price risk safely, bundle assets, lower capital costs & scale EV fleets, distributed solar & efficiency faster.

India's climate tech moment is no longer on the horizon, it's already underway. Over the next few years we will see solutions that were once dismissed as too early or too niche become the foundational infrastructure of our cities, farms & supply chains. What excites us most isn't any single sector but the convergence i.e. climate intelligence layered over water management, clean energy enabling agri-logistics, circular materials redefining manufacturing. The founders building in these spaces aren't chasing ESG labels; they're solving real unit economics under real constraints.

Entrepreneurs in India are driving the value creation in energy transition space by innovating to develop new products while combining it with strong execution to build scalable businesses in solar, wind, energy storage, and electric vehicles. Energy transition remains a lucrative sector, with significant supply-demand gaps across various parts of the value chain.

We expect capital deployment to evolve with greater participation from private investors and pension funds towards energy transition. Focus will likely shift toward projects that combine strong climate outcomes with clear economic viability. Policy continuity, improved project bankability, and innovative financing structures will play a critical role in scaling investments.