IVCF lines up Rs 100cr investment for startups - India Renewable Energy Consulting – Solar, Biomass, Wind, Cleantech
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IFCI Venture Capital Funds (IVCF), the venture capital arm of IFCI, is planning to invest Rs 100 crore in startups over the next nine months. The firms previous investee firms include Jagdish Khattar-led Carnation Auto.

The Rs 1,400 crore-group is identifying potential startups in the energy efficiency and renewable/non-conventional energy sectors. The venture firm recently invested Rs 1.75 crore in Regent Energy to pick up 15% stake. Regent Energy aims to set up a hydro power plant in Himachal Pradesh to produce 5 MW of capacity.

The target sectors for the VC are varied. It is keen to invest in areas spanning equipments, industrial process, lighting, building materials, energy storage, waste management, pollution control, transportation as well as forestation and reforestation activities.

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About Narasimhan Santhanam (Narsi)

Narsi, a Director at EAI, Co-founded one of India's first climate tech consulting firm in 2008.

Since then, he has assisted over 250 Indian and International firms, across many climate tech domain Solar, Bio-energy, Green hydrogen, E-Mobility, Green Chemicals.

Narsi works closely with senior and top management corporates and helps then devise strategy and go-to-market plans to benefit from the fast growing Indian Climate tech market.

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