Climate Angels is India’s largest climate-technology investment fund registered with SEBI as a Category I Alternative Investment Fund. Founded in 2020 and based in Gurugram, Haryana, the firm brings together seasoned investors and entrepreneurs to back early-stage companies with solutions for pollution control and resource efficiency. Led by figures such as Shailesh Vickram Singh, Pravin Gandhi, Paula Mariwala, Nipun Sahni and Vijay Shekhar Sharma, the fund aims to deliver strong financial returns while supporting ventures that have measurable effects on carbon reduction and environmental stewardship.
The fund focuses on financing startups at their earliest stages, offering a flexible deal-by-deal model that lets investors select individual opportunities. Core sectors include electric mobility and associated charging services, sustainable farming methods, renewable power generation, efficient water use, waste management strategies and smart building practices. Investors gain access to a vetted pipeline of opportunities, private co-investment alongside a network of more than 300 entrepreneurs, venture capitalists and family offices, plus full administrative support from legal documentation to performance tracking, all under a fee structure reported to be more cost-effective than conventional options.
Since its launch, Climate Angels has backed over twenty climate-focused ventures, with notable support for companies working on cleantech and battery technologies. Portfolio names such as ACE Green Recycling, Clean Electric, Solar Square, Matter and Praan reflect the fund’s emphasis on innovations in battery recycling, electric vehicle infrastructure and solar power solutions. The firm typically writes checks ranging from INR 3 crore to INR 10 crore with a six-year holding period, and in 2022 helped facilitate approximately $25 million in electric mobility transactions, underlining its active role in driving cleaner energy adoption.
