October 2023 Funding Highlights

Fueling Change: A Dive into India's Climate Tech Funding Surge in October 2023


The October 2023 edition of Climate Tech Funding Highlights reports a global total of $4 billion raised across 103 rounds, with India contributing $101 million over 5 rounds. This surge represents a 33% year-on-year increase, with a notable month-on-month growth of 43%. The Indian climate tech sector received 5% of the total funding, with a 17% CAGR over the past five years and a projected need of over $1 trillion by 2030 to meet climate goals.

Investments were heavily directed towards e-mobility and energy storage, with significant deals in the US and China leading the global momentum. The report details top investments in India across clean energy, e-mobility, EV charging infrastructure, climate resilience, and sustainable building solutions, showcasing the nation's diverse and rapidly evolving climate tech landscape.