The Category II AIF fund is aimed at helping Indian investors in supporting local climate-tech ventures which are contributing to the country’s sustainable development goals, as per its statement
The fund will push India’s low-carbon transition through investments in transformative climate technologies
AIF also targets India-centric companies from seed to Series A stages, with a focus on solutions in decarbonisation, digitisation, and disruptive technologies
Climate-focussed venture capital (VC) fund Green Frontier Capital has launched Green Frontier Capital India Climate Opportunities Fund with a target corpus of INR 1,500 Cr.
The Category II AIF fund is aimed at helping Indian investors in supporting local climate-tech ventures which are contributing to the country’s sustainable development goals, as per its statement.
The fund will push India’s low-carbon transition through investments in transformative climate technologies, it added.
Primarily, the fund claims to target India-centric companies from seed to Series A stages, with a focus on solutions in decarbonisation, digitisation, and disruptive technologies.
“Our goal is to back companies with the potential to become category leaders and deliver venture-scale returns while aligning with India’s ambitions for sustainable growth, “ said Green Frontier Capital’s founder and managing partner Sandiip Bhammer.
The maiden fund will focus on digitisation and investment in IoT, big data, and AI to optimise resources. It will further support emerging solutions in biological intelligence and other fields that reshape sustainability, food systems, and life sciences.
Besides, decarbonisation and targeting technologies that reduce emission across critical industries would be another major focus of this fund.
The development comes at a time when the need for green finance is increasing in the Indian startup ecosystem with the emergence of environment-focussed startups. India’s startup landscape is at the forefront of driving innovation and change towards a greener and more sustainable future.
Recently, non-banking lender Northern Arc secured debt commitments of $65 Mn for its maiden climate fund
