Avaana Capital has closed its $135 million Avaana Climate and Sustainability Fund.
The fund will invest in early-stage companies using technology for climate mitigation and adaptation in India.
Institutional investors such as the Green Climate Fund, U.S. International Development Finance Corporation, and UK Government are among participants in the fund.
The focus sectors of the fund include Energy and Resource Management, Mobility and Supply Chains, and Sustainable Agriculture and Food Systems.