India

Applications for CFA India are now closed. The next cycle of applications will open in early 2027.

The Climate Finance Accelerator in India

The Climate Finance Accelerator in India is led by our delivery partner PwC India. CFA India closed its first call for proposals in

March 2026 with 15 businesses selected to join the cohort.

Climate policy in India

India stands at a pivotal moment in its development journey, balancing rapid economic growth with the urgent need for climate action. Currently, India ranks fourth globally in total renewable energy installed capacity and fourth in wind power, while also ranking third in solar power capacity and generation. The country has set ambitious climate goals under its updated Nationally Determined Contribution (NDC), committing to reduce emissions intensity of its GDP by 45% and achieve 50% of installed power

capacity from non-fossil sources by 2030, with a long-term target of achieving net zero by 2070.

The underlying climate vulnerability of India is creating a strong demand for climate-aligned investment. Equity funding in climate finance increased by 95% to USD 9.41 billion in 2024 from USD 4.8 billion in 2023. Investor interest is growing, across climate sectors, but key challenges such as project bankability and scalability concerns remain to be addressed.

Climate Finance Accelerator India 2026 Cohort

ACS Ayka Control Systems develop smart EV charging infrastructure enabling electrification through integrated hardware and payments platform.

BatteryPool provides flexible battery-as-a-service for commercial 2-wheeler and 3-wheeler EV fleets, with sachetised payments tailored to drivers with irregular cash flows.

Biome Sustainability Ventures transforms agricultural residue into engineered boards and sustainable building materials, offering a low-carbon alternative.

Bridge Green Upcycle recycles lithium-ion batteries through second-life applications and critical mineral recovery, enabling a circular battery economy.

Carbon Masters converts organic waste into biomethane and bio-enriched organic manure, displacing fossil fuels and sequestering carbon in soils.

Cubenz Power combines EV charger manufacturing with intelligent energy management to enable scalable electrification of bus and logistics fleets.

Engrow Carbon Energy produces cost-competitive bio-bitumen and biochar from agricultural waste pyrolysis,while generating verified carbon removal credits.

eVerse.AI is a dairy-focused climate-tech company using AI and IoT to reduce livestock methane emissions and boost smallholder farmer incomes.

Imagine Powertree enables land-neutral solar adoption through solar trees, carports and building-integrated photovoltaics solutions, decarbonising urban and industrial infrastructure.

Kre38 Labs deploys IoT devices for smart water management in residential and commercial buildings, reducing water and energy wastage.

Oorja Development Solutions provides farming-as-a-service for affordable solar-powered irrigation and climate-smart advisory to smallholder farmers.

Shoonya Environmental Solutions deploys on-site Refuse Derived Fuel processing plants for cement manufacturers, converting waste into kiln-ready fuel that replaces coal.

Starya Mobility develops cost-effective, rare-earth-free electric powertrains and retrofittable EV conversion kits to accelerate mass EV adoption in India.

Trinano Technologies has patented a 3D Quantum Cladding coating that boosts solar energy output by 4%,cuts water use by 50% and reduces CO2 emissions by 5.2%.

UravuLabs transforms waste heat into fresh water and cooling for industries and date centres, enabling water-positive infrastructure.

Expression of Interest to Join CFA