India stands at the forefront of a renewable revolution. As the world's third-largest energy consumer, the country's shift towards sustainable power has become not just a necessity, but a defining challenge of the decade. Fortunately, a new wave of innovative green energy startups is rising to meet this challenge, redefining the future of clean power with groundbreaking technologies and sustainable business models.
From gigawatt-scale solar farms and wind energy infrastructure to EV charging networks and advanced battery technologies, these companies are helping India decarbonize its economy while unlocking new jobs, investments, and growth opportunities.
Top 10 Green Energy Startups in India
1. ReNew Power (ReNew Energy Global plc)
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Founder: Sumant Sinha
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Headquarters: Gurugram, Haryana
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Funding: $12.7 billion
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Founded: 2011
About the Company:
ReNew Power, rebranded as ReNew in 2023, is India's largest independent renewable energy producer and a global leader in decarbonisation solutions. Listed on NASDAQ (Nasdaq: RNW, RNWWW), it is also the first Indian renewable energy company to achieve this distinction.
ReNew operates a massive clean energy portfolio of 17.4 GW (as of December 31, 2024), with over 150 projects across 10 Indian states. The company offers holistic solutions including green hydrogen production, energy storage, carbon markets, and digitally enabled energy services.
Why It Matters:
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Among the world’s largest renewable IPPs
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Aims for a just and inclusive energy transition
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Strong global investor confidence with multi-billion-dollar funding
2. Avaada Energy
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Founder: Vineet Mittal
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Founded: 2017
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Headquarters: Mumbai, Maharashtra
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Funding: $2.6 billion
About the Company:
Avaada Energy, part of the Avaada Group, is committed to delivering affordable, clean, and abundant energy. With operations spanning solar, wind, pumped hydro, and green fuels, Avaada is shaping India’s renewable energy mix across multiple verticals.
The company combines technical prowess with a passion for sustainability, working toward decarbonizing India's energy consumption while fostering investor trust and stakeholder engagement.
3. Exponent Energy
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Founder: Arun Vinayak
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Founded: 2020
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Headquarters: Bengaluru, Karnataka
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Funding: $44.3 million
About the Company:
Exponent Energy is revolutionizing electric mobility by developing 15-minute full-charge technology for EVs. Its battery and charging ecosystem is vehicle-agnostic and uses standard lithium-ion cells, making it scalable across two-wheelers, three-wheelers, and small commercial vehicles.
Key Innovations:
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Patented rapid charging technology
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Scalable architecture across vehicle formats
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Massive potential to accelerate EV adoption in India
4. Matter
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Founder: Mohal Lalbhai
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Founded: 2019
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Headquarters: Khodiyar, Gujarat
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Funding: $34.9 million
About the Company:
Matter focuses on building next-generation energy storage and management systems. The company blends innovation with robust safety and performance standards to create products that power electric vehicles, homes, and other critical infrastructure.
Matter’s solutions are based on a deep-rooted belief that technology can solve complex energy challenges while delivering seamless user experiences.
5. International Battery Company (IBC)
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Founders: Priyadarshi Panda (CEO), Raj Singh (CRO)
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Founded: 2022
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Headquarters: Milpitas, California, USA (Gigafactory in India)
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Funding: $35 million
About the Company:
IBC is a full-service lithium-ion battery startup building cutting-edge I-NMC prismatic cells. While headquartered in the U.S., the company is actively expanding in India, with plans to launch its first non-captive gigafactory in India by Q4 2024.
IBC’s flagship product is the NMC-622 cell, which boasts 40% higher energy density than LFP counterparts while maintaining top-tier safety and cycle life.
Notable Assets:
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50 MWh facility in South Korea for tech development
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Targeting underserved sectors in mobility and storage
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Preparing for giga-scale expansion in India
6. Log9 Materials
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Founders: Akshay Singhal, Kartik Hajela, Pankaj Sharma
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Founded: 2015
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Headquarters: Bengaluru, Karnataka
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Funding: $31.7 million
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Parent Company: Amara Raja Group
About the Company:
Log9 Materials is a nanotechnology-driven startup pioneering aluminium–air battery systems for emission-free power. With 16 patents related to graphene, Log9 has engineered a battery technology that is fully recyclable and ideal for mobility and stationary applications.
Why It’s Transformative:
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Aluminium-air fuel cells for longer range and low environmental impact
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Sustainable alternative to conventional lithium-ion batteries
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Applications in vehicles, homes, and grid systems
7. Sea6 Energy
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Founders: Shrikumar Suryanarayan, Nelson Vadassery, Sri Sailaja Nori, Sowmya Balendiran
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Founded: 2010
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Headquarters: Bengaluru, Karnataka
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Funding: $27.4 million
About the Company:
Sea6 Energy taps into the unexplored potential of ocean-based biomass. The company’s platform converts marine macroalgae (seaweed) into biofuels, bioplastics, and agricultural biostimulants, enabling a sustainable, circular bio-economy.
Ocean-Centric Innovations:
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Offshore seaweed farming technologies
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Scalable bioenergy production from marine sources
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Sustainable alternative to land-based biofuels
8. Cygni Energy
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Founder: Venkat Rajaraman
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Headquarters: Hyderabad, Telangana
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Funding: $21.7 million
About the Company:
Cygni Energy is a next-generation energy storage company developing intelligent batteries and solar hybrid solutions. It caters to EVs, rooftop solar projects, and DC micro-grids, offering smart BMS-controlled energy storage systems.
Core Offerings:
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EV battery packs for 2-wheelers and 3-wheelers
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Rooftop solar hybrid systems with intelligent battery management
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Affordable DC micro-grid technology for rural electrification
9. ePlane Company
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Founder: Prof. Satya Chakravarthy
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Founded: 2019
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Headquarters: Chennai, Tamil Nadu
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Funding: $14 million
About the Company:
ePlane Company is building electric air mobility solutions to decongest urban areas. By combining aerospace engineering with clean energy tech, the company is developing compact electric flying taxis for urban commutes.
Vision:
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Sustainable electric air taxis for daily city travel
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Drastic reduction in travel time and emissions
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India’s leap into eVTOL (electric vertical takeoff and landing) innovation
10. Kazam
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Co-Founders: Akshay Shekhar, Vaibhav Tyagi
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Founded: 2020
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Headquarters: Bengaluru, Karnataka
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Funding: $12.5 million
About the Company:
Kazam is a clean mobility startup offering IoT-enabled EV charging infrastructure for offices, residential complexes, restaurants, and commercial areas. It promotes Made-in-India EV chargers built by IITians for Indian conditions.
Key Features:
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India’s first intelligent IoT-based EV charging station
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Real-time analytics for charge tracking and payments
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Durable, weather-resistant, and easy-to-install devices
Powering India’s Green Future
From deep-tech battery innovations to scalable solar and wind energy infrastructure, these 10 startups represent India’s bold shift toward renewable energy. They are not just transforming how energy is produced and consumed but are also playing a crucial role in meeting India’s 2070 net-zero emissions target.
Whether it’s powering electric vehicles, buildings, or future-ready air mobility systems, these green energy startups are redefining sustainability for the world’s most populous nation.
As investment flows in and policies align with the goals of decarbonization, the time is ripe for these startups to scale and lead India — and perhaps the world — into a greener era.
With inputs from agencies
Image Source: Multiple agencies
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