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Kerala Startup Mission invests Rs 15 Cr in energy transition VC firm

  • 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.

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