The Kerala Startup Mission (KSUM) has invested Rs 15 crore in Transition VC, India's first venture capital fund focused on energy transition.
The investment aims to accelerate the development of startups in clean energy and decarbonisation, aligning with Kerala's ambitious goals of achieving 100% renewable energy by 2040 and net carbon neutrality by 2050.
The partnership between KSUM and Transition VC will offer both financial support and mentorship to deep-tech startups working on energy transition solutions.
Kerala has made substantial strides in its sustainability efforts, demonstrated by its upcoming hydrogen valley projects and plans to expand solar and wind energy projects.