Investors specific to Decentralized Renewable Energy (DRE)

Introduction

This section lists out the key Indian investors which facilitate the development and access to decentralised renewable energy sector by offering funding support to such projects.

Key content

Acumen

Acumen is a non-profit venue that raises charitable donations to invest in companies, leaders, and ideas to serve low-income population. Acumen started investing in energy in 2007 and has reached up to millions in innovations in energy worldwide, impacting tens of millions of lives.
Website https://acumen.org/
Email donations@acumen.org

Caspian SME Impact Fund

Caspian is one of India’s earliest impact investment fund managers providing both equity and debt capital to financial institutions and corporate SMEs with an aim to generate social and/or environmental impact along with competitive financial returns. Currently 3 funds are being managed by Caspian, 2 of which are actively investing. The 2 active funds Caspian Impact Investments (Debt) and Caspian SME Impact Fund (Equity). The third fund under management - India Financial Inclusion Fund (IFIF) is in an exit mode. Caspian SME Impact Fund is its fourth fund with focus purely on equity investments in viable and innovative SMEs and MSME finance NBFCs whereby the focus areas include food and agriculture, MSME Finance, clean energy.
Website https://www.caspian.in/
Email info@caspian.in

Infuse Ventures

Infuse Fund is an early stage cleantech focused VC fund in India. Fund is managed by CIIE Initiatives and is part of the larger CIIE (India’s largest cleantech incubator) ecosystem. Even as the initial INFUSE fund is mostly deployed, a second fund, Bharat Innovation fund has been launched. The focus of this particular fund is more broad-based and includes Breakthrough Healthcare, Agriculture, Renewables and Advanced Technology innovations. As India’s first Academia – Policy- Industry fund, Infuse Ventures has been particularly successful in building off the incubation efforts undertaken by CIIE.
Website https://www.infuseventures.in/#infuse
Email apply@infuseventures.in

Insitor Impact Asia Fund

Insitor invests venture capital funding into start-ups throughout emerging and frontier Asian markets with the majority focus on India. Their focus is direct livelihood and social benefit to the people in the bottom of the pyramid. They invest in early-stage companies with a clear beneficiary identified and strong social impact and start-ups that improve the living standards of the low-income population (income segment of INR 10,000 and lower). Their investment usually takes place in revenue stage companies which may not be EBIDTA positive. Their exit from a company is bound by the fund cycle. Typically, they start looking for exit from the 4th year onwards so that exit can happen by the 5th or 6th year .
Website http://www.insitorpartners.com/
Email info@insitorimpactasiafund.com

Sangam Ventures

Sangam Ventures is a cleantech venture fund and incubator. They focus on enterprises working in underserved markets related to access to clean energy and resource productivity. The firm has established a very structured mentoring and hand-holding framework. This entails a year-long acceleration programme called ‘Emerging India Accelerator Program’ (EIAP) to support and prepare clean-tech innovators to be market and investment ready. The team also manages the Sangam Atal Innovation Centre launched in partnership with Atal Innovation Mission, Shell Foundation, DOEN Foundation and Social Alpha in 2017 . In terms of their financing outlook, Sangam Ventures prefers to be the first investor and help the company grow and achieve commercialization. They usually expect a natural (strategic or public market) exit after ~8 years and deem that as sufficient time for scale to be achieved.
Website https://www.sangam.vc/
Email prospect@sangam.vc

Villgro Innovations Foundation

Villgro is India’s oldest and one of the world’s largest social enterprise incubators. Villgro incubates early-stage, innovative, for-profit social enterprises. Villgro also runs iPITCH- a platform to discover innovative social enterprises for seed funding and INVENT (Innovative Ventures and Technologies for Development), a programme supported by the Technology Development Board (TDB), Government of India, in collaboration with the Department for International Development (DFID), UK.
Website https://villgro.org/
Email info@villgro.org

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