Full stack re-commerce for consumer electronics. Operates across sourcing, refurbishing and reselling - with a retail presence across 60 stores, on e-commerce and via B2B. 15,000 devices sold in FY25 with ₹26CR in revenue. ₹16CR round (a mix of equity and debt, and either a seed extension round or Pre-Series A following its seed round in April 2025). Other investors in the round: India Accelerator. Founders: Shrey is ex-Punj Llyod and L&T; Nitin was an engineer at Microsoft. Founded in Oct 2018.

Devices to help factories save energy and cut emissions. The company's 'steam expander' devices capture the steam traditionally lost by pressure releasing valves (PRVs) attached to industrial boilers. India has over 45,000 industrial boilers that generate over 1.2 billion tons of steam annually across virtually every industry. The steam power lost by PRVs (which regulate steam input to safe levels but result in losing much of that excess steam) per year amounts to energy losses of over ₹66,000CR. Devices see a payback of 6-12 months and reduce 180 tons of CO2 per location per year. $1M pre-seed round. Founders: Balachandran is a Doctoral Researcher from IIT Madras (eight years), Vipin is a project scientist at IIT Madras and was a design engineer at Forbes Marshall, Satyanarayanan is a professor and the Head of the Energy Centre and Energy Consortium at IIT Madras. Founded in Aug 2022.

EV motorcycle brand with a proprietary high voltage motorcycle architecture. Deliveries are planned for later this year in Bengaluru and Chennai - priced at ₹2.39 lakhs. Round of an undisclosed amount from the Technology Development Board (TDB), the Government of India's fund that earlier supported Bharat Biotech’s Covaxin. Founder Dinesh started Raptee in 2018 after running a Royal Enfield dealership for six years. He spent a brief eight months at Tesla (program management) after his Master's in Industrial Engineering at Purdue.

Spin-out from Climes, the carbon-offset marketplace backed by the same set of investors. The company develops carbon removal projects in conjunction with farmer-producer organizations (FPOs) across agroforestry, regenerative agriculture, mangrove restoration and biochar. Funding will be used towards expanding 8 projects across 9 states - with a target to remove 20M tonnes of carbon. (which is what approx. 10M households in India would emit in a year for context). $3M seed round. Founders Siddhanth (Purdue) and Sricharann (NUS) were both at Climes as Co-Founder and Lead - Business & Investments respectively. Siddhanth worked at Kalaari for five years. Comps: Varaha (Orios, RTP).

Battery recycling startup with a full stack solution for end-of-life electric vehicle batteries. The platform provides collection as well as segregation for repurposing and high-purity material recovery. The process they follow recovers 99% of metals - lithium, nickel and copper. The company has currently completed pilot projects with its partners, no clients are mentioned. ₹12CR seed round. Founders: Vijay was with HCL, Animall (strategy and ops) and very briefly at Batx (GM for supply chain); Aditya (BITS Pilani '22) was at Pepper Content for almost five years, most recently as Senior Program Manager for North America. Founded in Apr 2024.

Provider of residential solar systems for residential complexes, with pilots in 13 housing societies in Mumbai, Pune and Delhi so far. The company combines AI-led energy profiling to reduce the planning stage for such projects from weeks to hours, and integrates IoT smart monitoring to track real time performance. $500K seed round. Angels in the round: Raghunandan G (Zolve), Amit Lakhotia (Park+), Ankit Gupta (Brookfield), Hari Krishnan Nair (Great Learning). Founders: Akshat has been the founder of Nessa Illumination Technologies (LED lighting solutions) for 15 years; Ankush is from Enerture Technologies and Lanco Solar Energy (both are solar EPCs). Comps: SolarSquare (Lightspeed, rooftop solar for residential complexes, homes and commercial). Companies like Fourth Partner Energy (last raise: $275M) started with residential and small commercial projects a decade ago, before graduating to large scale projects for industry.

Algae-powered photo-bioreactors that integrate into building exteriors and containerised micro-farms to capture CO₂, release oxygen and generate commercially valuable biomass including vegan Omega-3 oil and spirulina-based protein. Installed in urban spaces as building panels and street furniture. Each square meter of the company’s BioMimetic Facade captures 52 kg of CO₂ annually and produces 28 kg of algal biomass. The company has a signed LoI with a German developer for an airport decarbonisation project. Research and production is in Coimbatore, while its HQ appears to be in London. Pre-seed round of an undisclosed amount. Founders: CEO Karthika is a Doctoral Research Fellow in Environmental Science from UAE University; CTO Rahul was a technical consultant at Stratema (in Germany); COO Gopakumar is from SBI.

EV logistics marketplace for low-emission last-mile deliveries. Launched in April 2025, the company offers real time tracking with carbon savings analytics. It will expand into 12 Tier II cities this year (e.g. Jaipur, Chandigarh, Bhopal, Surat) by December. It aims to establish two regional operations hubs and 20,000 drivers. $500K angel round from undisclosed investors. Founders: CEO PPrakarsh started ILine soon after his MBA (Hult International Business School); CSO Renu was at Verizon for 20 years, most recently as Head of Consumer Product Innovation and Insights. Founded in Jul 2024.

Aerospace startup building next-gen hydrogen powered propulsion systems for defence, civil aviation and shipping. Incubated at IIT Delhi, the company has test-fired India’s first hydrogen-based aero engine, with plans to commercialise its first small-category engine in the next 12 months. $1.6M seed round. Founder Prithwish has a PhD in Aerospace Engineering from North Carolina State University - he was a Research Scientist at Argonne National Laboratory (run by the US Dept. of Energy), with brief stints at Agnikul (Lead, Computational Studies) and Euler Motors (AVP - Thermal and Battery R&D). Founded in Nov 2023.

On demand EV taxi fleet that recently acquired 500 vehicles from BluSmart's fleet along with its driver network. The company currently operates from Delhi's IGI Airport. $4M funding in the form of CCDs and debt. Founders: Nimish is from Bharti, Bennett Coleman and was the Co-Founder & CEO of Vyom Power (solar power EPC); Vikas and Rajeev were at Monnet Ispat for over a decade each. Founded in Sep 2019.