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Investment by private equity (PE) and venture capital (VC) funds in the country’s climate technology (tech) startups has seen a sharp fall, despite the big focus of the government on reducing carbon emissions and pushing for cleaner fuels. The reason: There is a big gap between startup climate tech needs for long-term funding and what VCs find bankable.
According to data by research agency Tracxn, PE and VCs in 2023 put in substantial $1.66 billion in over 157 climate tech companies, with an average deal size of $10.57 million. But that number nosedived to $910 million in 2024, with the
