Sustainability SaaS to help enterprises across industries to drive net zero emissions, enabling them to track and mitigate carbon emissions (carbon accounting software) while implementing sustainable practices (through implementation advisory and helping launch new sustainability programs). This brings reports, insights and action into one platform. Clients include Wockhardt, Meghalaya Industrial Development Board, Metro Brands. The GTM is global. $600K round.

Manufacturer of modular, stackable fuel-cell systems for power generation. These range from sub-kilowatt modules for defence equipment to multi MW blocks for grid-scale, longer duration storage. Customers can integrate batteries with hydrogen and solar assets in a plug-and-play fashion. The company ultimately wants to build a gigawatt-scale factory, but is starting with field trials with anchor customers in telecom, construction and defence. The long term goal is to make the "diesel generator obsolete". $850K seed round.

An "AI backed" marketplace for used EVs, currently two-wheelers. Operates via partnerships with OEMs, dealers, banks and NBFCs. It has an EV specific scoring framework along with an inspection unit, and currently works with 150 dealers (who can buy through the platform). Listings on the platform itself are yet to launch. The marketplace has an instant-sell platform called TerraCash, to drive liquidity of supply. ₹9CR pre-seed round. Angels in the round: Shishir Maheswari (Eversource Capital), Samrath Jit Singh (Trontek Batteries), Ayush Lohia (Lohia Auto), Kapil Nirmal.

Sustainable waste management solutions platform, which works with 3,000 recyclers and collectors across India. It provides waste collection services, extended product responsibility solutions (for brands that have promised to manage environment impact of their products to consumers) and a plastics recycling marketplace. Aiming at $20M in "transaction value" this financial year. $4M seed round.

Third party logistics (3PL) provider, with an 100% EV fleet of 450 vehicles. The company is at ₹80L in monthly revenue, with the proceeds of this round aimed at growing this 7x (over what period is unclear). Serves the typical set of quick commerce customers, along with online pharmacies and e-commerce. Plans to raise ₹80CR in its next round. ₹2CR seed round.

Manufacturer of electric trikes (three-wheeled bikes). BeiGo is the first of its products aimed at bridging the gap between two-wheelers and expensive four wheelers, equipped with an anti-topple leaning technology. The goal is to deploye 1,500 trikes over the next 18 months with fleet operators like Hala Mobility and Elektric Express. Priced between ₹1-5.2.0 lakhs on-road. ₹8.2CR (~$920K) pre-seed round. Founder: CEO Sravan (ISB), ex-Amdocs, HighRadius, Trianz, was the Founder of Eccentric Commuting Solutions (attempting a holistic approach to urban mobility - EVs, dedicated infra); CTO Suresh is a railway engineer, ex-Indian Railways (11 years), PMC Projects, Leadrail, SMEC; and continues to be MD and Principal Engineer at Primerail Infralabs (engineering consultancy). Founded in Dec 2021. Comps: Zen Mobility, Vaidyuthi Mobility, Speedloop Auto. There are more trike startups than you would think.

B2B raw materials procurement platform serving for the recycling industry, starting with plastics. The company supplies recyclers with high quality, pre-processed inputs, while helping waste generators get better realizations. India generates about 10M tons of plastic waste annually of which 15% is collected for recycling but <9% is recycled given rudimentary sorting processes. As a result India generates 20% of worldwide plastic waste emissions. ₹5.3CR seed round. Angels in the round: Ganesh Natarajan, Ashish Goel, Chaitanya Kejriwal, and Shruti Deorah. Founders: CEO Viral was Co-Founder/CEO of StayAdobe (student housing) and Co-Founder at Smartstaff (blue collar staffing platform funded by Nexus, Arkam Blume); CRO Nirja (Columbia, HBS) is ex-Dalberg; Director of Ops Sharan was the Founder of Greenearth Industries (plastic waste processor). Founded in Jul 2024.

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.