Kerala Startup Mission Invests INR 15 Cr In Transition VC To Drive Clean Energy Goals Kerala Startup Mission Invests INR 15 Cr In Transition VC To Drive Clean Energy Goals

The investment aims to boost development of startups in clean energy and decarbonisation

The VC firm will offer financial support to deeptech energy transition startups and expand their global outreach via this investment

Incorporated in 2015, KSUM is Kerala’s nodal agency with the aim to support the startup ecosystem by providing resources such as infrastructure, incubators and accelerators and funding

The Kerala Startup Mission (KSUM) has invested INR 15 Cr ($150 Mn) in energy transition focused investor Transition VC as part of the state’s effort to achieve sustainability goals, which includes net-zero emissions.

The infusion aims to boost development of startups in clean energy and decarbonisation.

The VC firm will offer financial support to deeptech energy transition startups and expand their global outreach via this investment.

“This INR 15 Cr investment is a significant step towards accelerating the energy transition in Kerala. Together, we aim to create sustainable energy solutions, drive innovation, and pave the way for a cleaner and greener future for the state,” said Transition VC’s cofounder and managing partner Raiyaan Shingati.

Speaking about the investment, Anoop P Ambika, CEO of KSUM, said, “The collaboration will support local as well as national deep-tech energy transition startups through financial backing, strategic guidance, and access to Transition VC’s deep domain experts.”

(The story will be updated soon)