2023 environmental tech funding in India reached $1.5bn, a 140% CAGR from 2018, surpassing the US's share.
Environmental tech funding in India increased significantly from $225m in 2018 to $1.5bn in 2023, representing a 140% compounded annual growth rate (CAGR), according to data platform Tracxn. The US's share of environmental tech funding dropped from 60% in 2018 to under 40% as Europe and India's contributions increased. Solar energy technology, hydrogen production and storage, and electric vehicles are among India's leading start-ups in this sector.
June 07, 2024
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