Renewable energy led Q1 2024’s climate tech funding with 10.5 Bn raised globally across 554 rounds, including $700 Mn in India. Leading the global push towards sustainability were the US and China, while India secured the 4th position. Key players such as IM Motors and Recurrent Energy are at the forefront of the E-Mobility and Renewable Energy sectors. This surge in funding, particularly in E-Mobility and Renewable Energy, signifies a critical shift towards sustainable innovation. The E-Mobility sector in India saw an impressive 42% YoY growth in EV sales in FY2024, with 1.67 Mn units registeredAlso, India's budget allocated $2.16 Bn for climate-positive actions, with $1.2 Bn on solar initiatives. As we delve into these advancements, let us join the ongoing discussion on climate resilience.
