Arup Claims to Become First Engineering Firm Approved to Verify Green Bonds in Asia Pacific
Avaana Capital, a climate-focused venture capital firm, has raised $70 million for the first close of its Avaana Climate and Sustainability Fund.
The Mumbai-based firm is targeting a total corpus of $100-125 million for the fund, which will focus its investments in three sectors: energy transition & resource management, mobility & supply chains, and sustainable agriculture & food systems.
The fund has attracted institutional investors, including Small Industries Development Bank of India (SIDBI), Self Reliant India (SRI) Fund, the UK India Development Cooperation Fund (UKIDCF), and corporates such as Godrej Group, Murugappa, Torrent, Tsadik, and Bellerive Capital, among others.
Led by Anjali Bansal, Swapna Gupta, and Shruti Srivastava, Avaana Climate and Sustainability Fund will also invest in tech-driven and innovative climate solutions. Its notable portfolio investments include Eeki Foods, Aerem, Kazam, sentra.world, FarMart, Eggoz, Ninety One 91, Turno and Terra.do.
As per Avaana, capital from the new climate fund has been deployed into five startups already, with one deal yet to be disclosed.
By arrangement with Entrackr
In a major revelation, Union Minister Hardeep Singh Puri has stated that India has commissioned…
India’s energy major Hindustan Petroleum Corporation Limited (HPCL) has commissioned a Sustainable Aviation Fuel (SAF)…
Currently, Drive Systems operates five high-quality stations across Flanders, servicing key transport routes through Antwerp…
The Carbon Border Adjustment Mechanism (CBAM) of the European Union (EU) has come into effect…
In a key development, RCT GH GmbH (RCT Hydrogen), a German manufacturer of hydrogen production…
A scientific study has highlighted the potential of co-pyrolysing biomass and polypropylene plastic to produce…