Cleantech is coming of age

For years, one of the most prominent criticisms of renewable energy has been its economics–specifically, that most renewable energy initiatives were too expensive to exist without government subsidies. Now, that argument seems to be invalid, as the cost of wind and solar energy have dropped 50% and 85%, respectively, since 2010.

The time is right for startups in this space to enter the field and make some noise.

At the end of August, BBOXX, a British startup that sells plug-and-play solar power systems to consumers, raised a $50 million Series D. Energy Vault, a Swiss startup developing new batteries for effective renewable energy storage—one of the biggest current hurdles to renewable power—raised a $110 million Series B in August as well. Other renewable energy startups—Sunverge Energy, Form Energy, Enpal, Dens, and Wellsun, to name a few—have all raised rounds since July.

In India, too, a new theme on the lines of a Global behemoth , Israel based Eccopia has started gaining very good traction in solving a major problem of cleaning solar panels without WATER. Eccopia has cleaned 1.6 Billion panels and saved over 6 Billion litres of water around the world.

This theme and concept has started in India and is currently being undergone by just 2-3 startups which are at a very early stage. There is only 1 company, however, which does everything automatically by a robot and in turn saves huge cost and billions of water (we are working with this company as advisers).

There is a major gap in this field which we believe, if addressed correctly, can be a multi-billion dollar opportunity.