In this podcast, BusinessLine’s Jyoti Banthia delves into the space of climate change technology investing in India with Angad Daryani, founder and CEO of Praan, and Seema Chaturvedi, founder of AWE Funds.
Although investment in climate change technology in India has been on the rise in recent years, it has not yet reached the desired growth stage. To shed light on the nuances and prospects of the sector, Banthia posed the first question to Chaturvedi, who acknowledged the impressive growth trajectory of the fund and investments. Chaturvedi attributes this surge to growing awareness of the urgent need to address the negative effects of climate change. She highlights the rise of frugal innovation in India, offering solutions that not only address domestic climate change challenges but also have the potential to have global impact.
Daryani echoed the excitement and highlighted India as a strategic location for building climate technology solutions. He emphasized that India has a unique advantage in terms of monitoring unit economy in manufacturing, which is difficult to achieve in China. The discussion then turned to the challenges faced by climate change technology startups in securing growth-stage investment, with both guests pointing to the need for larger checkbooks and increased attention from investors.
The conversation will revolve around insights into ground-breaking innovations coming out of India. Daryani shares examples of paradigm-shifting technologies such as filterless air purification and innovative battery technology, positioning India as a source of frugal innovation with global scalability.
In the coming days, speakers will discuss the challenges facing the sector, highlighting the importance of corporate partnerships and the need for scalability beyond the initial stages. They highlight the role of networks and connections in navigating the complex landscape of climate technology investments in India. please listen.
(Host: Jyoti Banthia, Producer: Nabodita Ganguly)
About the economic situation podcast
The Indian economy is being hailed as a bright spot amidst the gloom that currently grips the world. However, some sectors continue to stutter even though others seem to be starting to fire on all cylinders. To help you make sense of this country’s mass of contradictions, BusinessLine brings you podcasts from experts in everything from finance and marketing to technology and startups.
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