A recent report by Tracxn highlights the increasing financing activities in India's environmental technology sector. In the last five years, the industry has witnessed a substantial rise in funding, totaling USD 7.3 billion. The report points out key trends and sectors that are likely to make a significant impact, with a particular focus on areas such as electric vehicles (EVs), hydrogen production and storage, and solar energy technology. The funding landscape saw a remarkable surge from USD 0.23 billion in 2018 to USD 2.47 billion in 2022, showcasing a growing investor interest in sustainable solutions. Although there was a slight decrease to USD 1.68 billion in 2023, the sector remains dynamic and promising. Notable players in the market include startups like BluSmart, Ecofy, and Battery Smart, with 388 new startups entering the space between 2018 and 2024. The sector also witnessed 14 IPOs and 25 acquisitions, indicating a maturing market with lucrative opportunities. Key cities driving funding include Bengaluru, Delhi, and Mumbai, with Bengaluru securing the most significant share at USD 2.7 billion. Additionally, investments in geo-green scorecards have reached USD 6.55 billion, underlining the nation's focus on sustainable practices. Despite the challenges posed by fluctuating funding amounts, the overall sentiment towards India's environmental tech industry remains positive. The emergence of unicorns like Ola Electric and the growth of startups in critical sectors like carbon capture and solar energy signify a promising future for eco-friendly technologies in the country.