VC fund Climate Angels has launched ‘Syndicates for Climate Tech Start-ups’ for frictionless climate tech investments in India at an Investor’s Meet in Bengaluru. Angel Investors who are passionate about Climate and looking to invest in such start-ups can now do it in an almost friction-free manner through SEBI Registered – Climate Angels.
Now such investors can access the deal flow of climate start-ups raising capital and either join the investment round led by marquee institutional investors or lead their own syndicates using the Climate Angels platform. The fund is backed by Pravin Gandhi (founder SeedFund), Paula Mariwala (Stanford Angles), Nipun Sahni (Apollo Global), Vijay Shekhar Sharma (Paytm), & others.
Unlike other angel investment platforms, Climate Angels shares the complete 20% carry with syndicate leads on funds raised directly by syndicate leads. And a syndicate lead can raise capital from GoMassive’s network of angel investors by sharing 5% carry, while the 2% fees paid by investors are retained by Climate Angels for backend and administration purposes.
Shailesh Vickram Singh, Founder, Climate Angels, said, “Realising the need to combat climate change, mission-driven and conscious investors such as senior executives, HNIs, family offices and others are scouting for opportunities to support climate tech startups for the green cause. Notably, SEBI mandates that individual angel investors should meet accreditation norms & invest via registered angel funds.”
“In 2021, 29 new climate tech unicorns emerged in the world and prior to 2021, there were only 14. In India, climate tech is nascent but in June-2022 there were two $25mn transactions in electric mobility. Tiger Global & Shell Ventures rounds in Battery Smart & Statiq respectively. Ola Electric is India’s climate tech unicorn to date but expects several new climate tech unicorns to emerge in the next 4-5 years,” he added.