Navigating the Climate Tech Landscape in India with Mohammed Shoeb Ali
Key Ideas
- Climate tech startups in India face challenges in accessing research talent, infrastructure, and funding between Series A to Series C rounds.
- Opportunities in India include industrial decarbonisation, electric mobility, waste heat recovery, energy storage systems, green data centers, and cooling solutions.
- Transition VC focuses on climate tech due to the sector's challenges and opportunities, aiming to gather insights and make a significant impact.
- The Indian government is increasingly recognizing the importance of deep tech and is providing grants and support for innovation in climate tech.
Mohammed Shoeb Ali is the managing partner of Transition VC, India's first energy transition venture capital fund. In an interview, Shoeb highlighted the challenges faced by climate tech startups in India including the difficulty in finding research talent, inadequate infrastructure, and a funding gap between Series A to C. Despite the availability of grants and early-stage investors, startups struggle to raise significant capital. However, opportunities in India abound, particularly in industrial decarbonisation, electric mobility, waste heat recovery, energy storage systems, green data centers, and cooling solutions. Transition VC focuses on climate tech due to its challenging yet promising nature, aiming to make a significant impact in the sector. Shoeb emphasizes the importance of being close to the problem being solved and customizing products for the Indian market. He envisions a bright future for climate tech in India, with a growing realization in the government about the need to focus on deep tech and provide sufficient funds for innovation.