Advantage Climate Start-Ups

Government support, regulatory framework, widening scope and more opportunities are luring venture capital firms into investing in climate tech start-ups 

Last month, Buyofuel, an online platform for alternative fuels—raised an investment of Rs 11.5 crore in its pre-Series A round led by Inflection Point Ventures (IPV). Major players like Venture Catalysts, LetsVenture, Lead Angels Fund and Gruhas Proptech had participated in the round. “It was easier than expected,” says Kishan Karunakaran, founder and CEO, Buyofuel. Karunakaran is happy that the year is ending on a note that will enable their start-up to solve challenging demand-and-supply issues in the field of biofuels.