India Accelerator has launched a new vertical to support cleantech startups. This vertical will assist startups focusing on sustainability, waste reduction, energy efficiency, and climate change. India Accelerator will invest INR 1.5 Cr in each startup through its Finvolve Accelerator Fund and INR 4.1 Cr through the Finvolve Seed Fund for expansion.

Finvolve, a joint venture of India Accelerator and Finolutions, aims to help wealth managers explore startup investments. The new vertical will support startups in clean energy, e-waste recycling, lithium-ion battery manufacturing, biotechnology, and decentralized water treatment. Additionally, India Accelerator has verticals for robotics, unmanned systems, energy, mobility, GenAI, and media entertainment.

Founder and CEO Ashish Bhatia stated the new initiative aims to redefine resource use and build a regenerative future. Managing Partner Deepak Nagpal emphasized the importance of promoting responsible consumption amid rising demand and import dependence.

A report indicates the global Circular Economy could reach $4.5 Tn by 2030, with India potentially saving $624 Bn across various sectors by 2050 through circular practices. In May, India Accelerator launched RUMS to support robotics and unmanned startups.

India Accelerator provides seed funding for tech startups in India and the UAE, investing through SEBI-approved alternative investment funds with support from angels, VCs, and GAN partners. It has over 225 startups in its cohorts, with two-thirds securing follow-on funding and one-third achieving successful exits. Its portfolio includes over 30 active startups such as Brainwired, Farmology, SustainKart, eVolt India, Prophaze, Task Tracker, and Avenue Growth.