The November 2023 funding update for climate technology reveals a total of approximately $612 million raised globally across 75 funding rounds. Notably, at COP28, nations pledged about $475 million to a climate disaster fund, with significant contributions from the EU, UAE, US, UK, and Japan.
In India, climate tech ventures raised about $57 million, representing around 10% of the total investments in the country for the month. The report highlights a concentration of investments in the US and Sweden, with energy storage and efficiency, e-mobility, and carbon capture and storage being the primary sectors receiving funding. Key investments include a Swedish lithium-ion battery maker securing significant funding and partnerships focusing on hydrogen fuel cells and sustainable solutions.
