PSUs Invest in Climate Startups Amid VC Hesitation

Public sector companies and global investors are putting money into climate-tech startups in India.

These startups work on things like making ships more eco-friendly and developing electric vehicles.

Unlike venture capitalists, who usually want quick returns, these investors are patient and focus on long-term benefits.

For example, Cochin Shipyard invested in a startup that makes special paint for ships to reduce pollution.

Another company, Mahanagar Gas, invested in an electric vehicle startup.

Global investors are also interested in Indian climate startups because they want to meet sustainability goals.

However, many climate-tech startups in India struggle to get enough funding because their technologies take a long time to develop and require a lot of money upfront.

This is why public sector companies and global investors are stepping in to support these important but challenging projects.