Company lists
The India edition · 2026

Energy techcompanies in India

Electric vehicles, batteries & storage, energy efficiency & smart buildings, renewable energy, smart grid & IoT and more: the companies building energy tech in India, with their founders, funding, team size and business models.

3,241 company profiles1,415 with reported revenue452 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent energy tech business events in India

Funding, M&A, contract wins and launches involving 4,036 energy tech companies in India, last 24 months: 164 funding rounds · 134 Contracts · 71 M&A deals · 70 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

M&AAcquisition · Announced

Adani energy solutions acquires IntelliSmart Infrastructure

Adani Energy Solutions (AESL) has signed a binding securities purchase and subscription agreement to acquire 100% of the equity in smart metering company IntelliSmart Infrastructure.

Smart Metering
ContractService

Lohum · client: Hindustan copper

Hindustan Copper Limited (HCL) has awarded LOHUM the rights to restart, upgrade, and maintain the 50,000 tonne-per-annum Copper Project at Jhagadia, Gujarat, under a 20-year…

Copper
FundingInvestment

Olectra greentech

OLECTRA GREENTECH is lining up a fresh investment of nearly ₹700 crore as it looks to deepen localisation, expand its electric bus and truck portfolio.

Electric commercial vehicle
FundingSeries A

Tiea connectors

Tiea Connectors also stood out with Rs. 77 crore in Series A funding led by IvyCap Ventures. Jamwant Ventures, 8X Ventures and HNI angel investors also joined the round.

Investors Ivycap ventures, Jamwant Ventures, 8x ventures, HNI angel investors
High-performance connectors / deeptech
FundingQualified Institutions Placement

Ola electric

Ola Electric Mobility Limited announced today, June 1, 2026, that its Fund Raising Committee has approved the opening of a qualified institutions placement of equity shares.

M&AAcquisition · Announced

Kpit technologies acquires Cymotive

KPIT Technologies ... announced that it has entered into an agreement to acquire a majority stake (subject to achievement of specific milestones) in Cymotive, a leading automotive…

Automotive cybersecurity
M&AAcquisition · Announced

Kpit technologies acquires Maj Jorites Tech

KPIT Technologies announced on Wednesday that it is acquiring Maj Jorites Tech from Israeli firm Symotive to strengthen its capabilities in AI-based automotive cybersecurity.

AI-based automotive cybersecurity
Funding

River

Electric vehicle startup River is in talks to raise approximately $100 million in fresh funding, marking its largest capital infusion since its founding in 2021.

Investors Anicut capital, Claypond Capital, Elev8 venture partners
Electric Vehicle
M&AAcquisition · Completed

Inox Clean Energy acquires Vibrant energy

Inox Clean Energy Limited has completed the acquisition of Vibrant Energy, a Macquarie-backed renewable independent power producer focused on the commercial and industrial (C&I) segment.…

Renewable independent power producer
FundingSeries B

Kimbal

Energy engineering company Kimbal Pvt Ltd on Thursday raised $22 million in a Series B funding round, led by sustainability-focused private equity firm, GEF Capital Partners.

Energy Engineering
FundingMinority investment

Algo8

Chemelex has announced a minority investment in Algo8 to accelerate the adoption of artificial intelligence in manufacturing processes.

Investors Chemelex
Artificial intelligence, data analytics, and digital transformation solutions for enterprises
M&AAcquisition · Announced

Inox Clean Energy acquires Boviet solar

Inox Clean Energy is set to acquire Boviet Solar in a deal that could assign an enterprise value of about $750 million (around Rs 7,000 crore) to the San Jose, California-headquartered…

Solar Energy
ContractSupply

Emni · client: Advantex Battery

EMNI announced on April 21 that it has signed a lithium‑ion cell supply contract ... with ADVANTEX Battery.

Battery
Funding

Sarla Aviation

Sarla Aviation and IndiGo have announced a strategic equity investment of ₹10 crore by IndiGo Ventures in Sarla Aviation.

Investors IndiGo Ventures
EVTOL, Urban Air Mobility
ContractService

Sterling and wilson renewable energy · client: Coal india

The company said it has been declared the L1 bidder for a turnkey EPC package from Coal India for the development of an 875 MW (AC) grid-connected solar PV project in Bikaner, Rajasthan.…

Renewable Energy
FundingParent company guarantee

Sterling and wilson renewable energy

Sterling and Wilson Renewable Energy Limited has issued a USD 34 million parent company guarantee in favour of Nedbank Limited to secure an additional working capital facility for…

Investors Nedbank
Solar power
FundingSeries A

Nawgati

Nawgati, India's leading fuel-tech company, is in advanced discussions to raise $5.2 million in its upcoming Series A funding round, with the company's valuation expected to…

Fuel-tech, mobility
ContractSupply

Citroën · client: Cab-e

Citroën has signed a Memorandum of Understanding (MoU) with urban e-mobility firm Cab-E, to introduce over 2000 Citroën ë-C3 EVs in Cab-E’s fleet in the Mumbai and Pune region, this year.

Contract

Ashok leyland · client: Switch mobility

Ashok Leyland is also expected to invest up to $ 200 million (Rs 1,480 crore) in Switch Mobility of which $ 130 million (Rs 962 crore) has already been invested in the entity.

E-mobility
LaunchOtua

Dandera ventures

EV start-up Dandera Ventures today launched Otua, an electric three-wheeler designed for cargo transportation.

Electric three-wheeler
LaunchHiLoad EV

Euler motors

Electric commercial vehicle company Euler Motors today launched its first cargo three-wheeler, the HiLoad EV.

Electric commercial vehicle
Launch

Bijliride

Bijliride has introduced a software-as-a-service platform designed to help enterprises manage electric vehicle fleets, marking the startup's expansion into B2B technology solutions.

Fleet management
LaunchGreaves Eltra cargo e-three-wheeler

Greaves electric mobility

Greaves Electric Mobility has launched its latest three-wheeler, the Greaves Eltra cargo model targeted at last-mile logistics providers.

LaunchELCV

E-Trio

Telengana-based electric vehicle start-up e-Trio today launched India’s first certified retrofitted electric light commercial vehicle (eLCV).

Electric Light Commercial Vehicle
Funding

Octobotics

Deals in 2026 so far include $28 million funding for Unbox Robotics, apart from investments in robotics hardware startup Armatrix as well as robotics inspection and maintenance company…

Robotics
LaunchKinetic DX

Kinetic group

The launch of the Kinetic DX in the two‑wheeler EV segment is the most visible marker of this shift.

Two‑wheeler EV
ContractSupply

Olectra greentech · client: Brihan Mumbai Electric Supply & Transport Undertaking (BEST)

Olectra Greentech Ltd has been awarded a contract from Brihan Mumbai Electric Supply & Transport Undertaking (BEST) for supply of 2,400 electric buses.

Funding

Euler motors

Last month, electric commercial vehicle maker Euler Motors also raised ₹437.5 Cr in a round led by Lightrock, with participation from existing investors Hero MotoCorp and Blume Ventures.

Energy tech companies in India, by revenue

Browse energy tech companies in India by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 1,415 energy tech companies in India that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Chains providing fuel, electric vehicle charging, and convenience store services

Oil & gas downstream
₹51,067.48 crFY 2024-25
+33%2024–2025
2,622-100% 12 mo to Oct 2024LinkedIn · Jul 2026
18 yr2008
5postings · last posted Sep 2026

Manufacturer of electric cars

Electric vehicles
₹15,247.00 crFY 2024-25
+47%2024–2025
1,169LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Manufacturer of automotive components

Auto components
₹8,171.77 crFY 2024-25
+8%2024–2025
350recorded
38 yr1988
7postings · last posted Sep 2026

Autonomous driving solutions for vehicles

Electric vehicles
₹6,009.67 crFY 2024-25
+22%2024–2025
16,870+13% 12 mo to Sep 2024LinkedIn · Jul 2026
36 yr1990
3postings · last posted Aug 2026

Manufacturer of electric scooters, motorcycles, and energy storage solutions

Electric vehicles
₹4,932.00 crFY 2024-25
-6%2024–2025
8,744-21% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
5postings · last posted Aug 2026

Manufacturer of automotive batteries and solar products

Auto components
₹3,807.20 crFY 2024-25
+16%2024–2025
1,076+13% 12 mo to Jun 2023LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Provider of smart metering products for the electricity and gas industries

Facility management tech
₹2,819.82 crFY 2024-25
+14%2024–2025
3,926LinkedIn · Jul 2026
39 yr1987
9postings · last posted Sep 2026

Manufacturer of smart meters, hybrid microcircuits, and power distribution management

Smart grid
₹2,524.59 crFY 2024-25
+98%2024–2025
3,835+65% 12 mo to Mar 2024LinkedIn · Jul 2026
34 yr1992
1postings · last posted Jul 2026

Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories

Electric vehicles
₹2,305.20 crFY 2024-25
+29%2024–2025
4,354+8% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
19postings · last posted Sep 2026

Developer of energy storage systems

Solar energy
₹2,125.87 crFY 2022-23
Not reported
1,817-11% 12 mo to Apr 2024LinkedIn · Jul 2026
99 yr1927
0none in 3 months

Provider of leading biofuels company pioneering advancements in the production of ethanol and compressed biogas for a sustainable future

Renewable energy tech
₹1,968.53 crFY 2024-25
+54%2024–2025
613+46% 12 mo to Sep 2024recorded Sep 2024
5 yr2021
0none in 3 months · last posted Apr 2026

Developer of electric bus

Electric vehicles
₹1,814.21 crFY 2024-25
+56%2024–2025
688+43% 12 mo to May 2024recorded May 2024
26 yr2000
0none in 3 months

Manufacturer of lithium-ion batteries for hybrid vehicle and energy storage

Electric vehicles
₹1,506.21 crFY 2024-25
Not reported
812+26% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Developer of automated irrigation systems leveraging AI and IoT

Crop tech
₹1,159.53 crFY 2024-25
+150%2024–2025
558+44% 12 mo to Jun 2024LinkedIn · Jul 2026
16 yr2010
3postings · last posted Sep 2026

Provider of aftermarket services and original equipment manufacturer parts for turbines

Oil & gas tech
₹1,083.36 crFY 2024-25
+0%2024–2025
375recorded
29 yr1997
0none in 3 months

Manufacturer offering electric scooters and mobility solutions

Electric vehicles
₹993.51 crFY 2022-23
+17%2022–2023
758-18% 12 mo to Jan 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Provider of advanced metering infrastructure, smart grid automation, and energy management solutions

Smart grid
₹963.87 crFY 2024-25
+335%2024–2025
734+194% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
7postings · last posted Aug 2026

Provider of biogas engineering and clean fuels technology solutions

Solid waste management tech
₹960.72 crFY 2024-25
Not reported
907+120% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Manufacturer of high-efficiency solar cells and modules for utility, commercial, and residential applications

Smart grid
₹933.09 crFY 2024-25
+2986%2024–2025
981LinkedIn · Jul 2026
15 yr2011
1postings · last posted Jul 2026

Manufacturer of power backup systems, batteries, and solar energy solutions

Electric vehicles
₹841.30 crFY 2024-25
-7%2024–2025
1,217LinkedIn · Jul 2026
24 yr2002
0none in 3 months

Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining

Energy storage tech
₹835.12 crFY 2024-25
Not reported
497+131% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Developer of multi-category electric commercial vehicles

Electric vehicles
£66.56mFY 2023-24
+190%2023–2024
911LinkedIn · Jul 2026
41 yr1985
0none in 3 months

Manufacturer of golf carts and electric vehicles

Electric vehicles
₹699.73 crFY 2024-25
+5%2024–2025
1,983+16% 12 mo to Sep 2024recorded Sep 2024
36 yr1990
1postings · last posted Jul 2026

Manufacturer of solar inverters, solar batteries, EV chargers, and LEDs

Energy storage tech
₹676.80 crFY 2024-25
+91%2024–2025
517+64% 12 mo to Jun 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months · last posted Jun 2026

Provider of smart metering products

Smart grid
₹672.13 crFY 2024-25
+142%2024–2025
871+31% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months
50 of 3,241 companies shown here · the full list is on Radar
Fliar Radar

Explore all 3,241 energy tech companies in India on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open energy tech in India on Radar
  • Every company, not just 50All 3,241 energy tech companies in India, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore energy tech companies in India by what you are looking for

Find the top energy tech companies in India, from electric vehicle makers and battery manufacturers to renewable energy technology firms. Browse energy tech startups in India and companies hiring now.

9 ways to explore energy tech in India

Electric vehicle makers & EV charging companiesBattery & energy storage companiesEnergy efficiency & building energy management companiesRenewable energy technology & solar companiesSmart grid, smart meter & IoT energy companiesOil & gas tech and EV mobility service companies

Electric vehicle makers & EV charging companies

Electric two-wheeler, car and commercial vehicle makers plus charging network operators.

  1. Tata Passenger Electric Mobility

    Manufacturer of electric cars

    Electric vehicles
    See in list
  2. Varroc

    Manufacturer of automotive components

    Auto components
    See in list
  3. Ola Electric

    Manufacturer of electric scooters, motorcycles, and energy storage solutions

    Electric vehicles
    See in list
  4. Livguard

    Manufacturer of automotive batteries and solar products

    Auto components
    See in list
  5. Ather Energy

    Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories

    Electric vehicles
    See in list

Battery & energy storage companies

Lithium-ion battery makers, energy storage system providers and hydrogen technology developers.

  1. Jio-bp

    Chains providing fuel, electric vehicle charging, and convenience store services

    Oil & gas downstream
    See in list
  2. Livguard

    Manufacturer of automotive batteries and solar products

    Auto components
    See in list
  3. Sterling and Wilson

    Developer of energy storage systems

    Solar energy
    See in list
  4. Lohum

    Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining

    Energy storage tech
    See in list
  5. Exicom

    Online platform offering EV charging solutions

    Energy storage tech
    See in list

Energy efficiency & building energy management companies

Energy management systems, smart lighting and building automation providers.

  1. Secure Meters

    Provider of smart metering products for the electricity and gas industries

    Facility management tech
    See in list
  2. Genus Power Infrastructures

    Manufacturer of smart meters, hybrid microcircuits, and power distribution management

    Smart grid
    See in list
  3. IKIO

    Manufacturer of LED lighting solutions and electronic components

    Energy efficiency tech
    See in list
  4. Elmeasure

    Provider of SaaS-driven building energy management solution for residential and commercial properties

    Energy efficiency tech
    See in list
  5. Atandra

    Provider of energy management systems

    Property management tech
    Website

Renewable energy technology & solar companies

Solar, biofuel and clean energy technology developers.

  1. Sterling and Wilson

    Developer of energy storage systems

    Solar energy
    See in list
  2. TruAlt Bioenergy

    Provider of leading biofuels company pioneering advancements in the production of ethanol and compressed biogas for a sustainable future

    Renewable energy tech
    See in list
  3. GPS Renewables

    Provider of biogas engineering and clean fuels technology solutions

    Solid waste management tech
    See in list
  4. Avaada Electro

    Manufacturer of high-efficiency solar cells and modules for utility, commercial, and residential applications

    Smart grid
    See in list
  5. Servoteh

    Manufacturer of solar inverters, solar batteries, EV chargers, and LEDs

    Energy storage tech
    See in list

Smart grid, smart meter & IoT energy companies

Smart metering, grid monitoring and IoT solutions for utilities.

  1. Secure Meters

    Provider of smart metering products for the electricity and gas industries

    Facility management tech
    See in list
  2. Genus Power Infrastructures

    Manufacturer of smart meters, hybrid microcircuits, and power distribution management

    Smart grid
    See in list
  3. Kimbal

    Provider of advanced metering infrastructure, smart grid automation, and energy management solutions

    Smart grid
    See in list
  4. Electrify Energy

    Provider of smart metering solution

    Smart grid
    See in list
  5. Elmeasure

    Provider of SaaS-driven building energy management solution for residential and commercial properties

    Energy efficiency tech
    See in list

Oil & gas tech and EV mobility service companies

Fuel delivery, oil and gas technology and electric vehicle rental and fleet platforms.

  1. BGGTS

    Provider of aftermarket services and original equipment manufacturer parts for turbines

    Oil & gas tech
    See in list
  2. Blu-Smart

    Platform offering electric vehicle fleet undergoing corporate insolvency resolution process

    Road transport tech
    Website
  3. Repos

    Online platform offering doorstep delivery of liquid, gas, and electric fuels to various consumers

    Oil & gas tech
    Website
  4. Alphageo

    Seismic survey company for hydrocarbon exploration

    Oil & gas tech
    Website
  5. Pepfuels

    Provider of doorstep fuel delivery and energy distribution services

    Oil & gas tech
    Website

Energy tech startups in India

Recently founded energy tech companies in India.

  1. Tata Passenger Electric Mobility

    Manufacturer of electric cars

    Electric vehicles
    See in list
  2. TruAlt Bioenergy

    Provider of leading biofuels company pioneering advancements in the production of ethanol and compressed biogas for a sustainable future

    Renewable energy tech
    See in list
  3. Future Solar

    Largest Solar Panel Manufacturers in India | Future Solar

    Renewable energy tech
    See in list
  4. Trex Energy

    Provider of residential, commercial, telecom, and electric vehicle energy solutions

    Energy storage tech
    Website
  5. Zelio E-Mobility

    Manufacturer of electric scooters and e-rickshaws

    Electric vehicles
    Website
581 companies in India

Energy tech companies hiring in India

Energy tech companies with open roles right now.

  1. Jio-bp

    Chains providing fuel, electric vehicle charging, and convenience store services

    Oil & gas downstream
    See in list
  2. Varroc

    Manufacturer of automotive components

    Auto components
    See in list
  3. KPIT

    Autonomous driving solutions for vehicles

    Electric vehicles
    See in list
  4. Ola Electric

    Manufacturer of electric scooters, motorcycles, and energy storage solutions

    Electric vehicles
    See in list
  5. Secure Meters

    Provider of smart metering products for the electricity and gas industries

    Facility management tech
    See in list
41 companies in India

Listed energy tech companies in India

Publicly listed energy tech companies in India.

  1. Varroc

    Manufacturer of automotive components

    Auto components
    See in list
  2. KPIT

    Autonomous driving solutions for vehicles

    Electric vehicles
    See in list
  3. Ola Electric

    Manufacturer of electric scooters, motorcycles, and energy storage solutions

    Electric vehicles
    See in list
  4. Genus Power Infrastructures

    Manufacturer of smart meters, hybrid microcircuits, and power distribution management

    Smart grid
    See in list
  5. Ather Energy

    Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories

    Electric vehicles
    See in list
31 companies in India
Mobile reach

Top 10 energy tech apps from India

The most-installed Android apps published by energy tech companies headquartered in India — 22.3M installs between them. 417 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Yulu - EVs for Rides & Rentals

by Yulu

Installs8.9M
Rating4.08151K ratings
Installs, year on year+17%
Last updatedMay 2026
View on Google Play ↗
Yulu - EVs for Rides & Rentals screenshot 1Yulu - EVs for Rides & Rentals screenshot 2Yulu - EVs for Rides & Rentals screenshot 3Yulu - EVs for Rides & Rentals screenshot 4Yulu - EVs for Rides & Rentals screenshot 5
2

BijliMitra

by Bcits

Installs3.4M
Rating3.8515K ratings
Installs, year on year+52%
Last updatedMay 2026
View on Google Play ↗
BijliMitra screenshot 1BijliMitra screenshot 2BijliMitra screenshot 3BijliMitra screenshot 4BijliMitra screenshot 5BijliMitra screenshot 6
3

Ola Electric

by Ola Electric

Installs2.8M
Rating3.8338K ratings
Installs, year on year+37%
Last updatedApr 2026
View on Google Play ↗
Ola Electric screenshot 1Ola Electric screenshot 2Ola Electric screenshot 3Ola Electric screenshot 4Ola Electric screenshot 5Ola Electric screenshot 6
4

Nawgati: Fuel, CNG, EV & More

by Nawgati

Installs2.5M
Rating—
Last updatedMay 2026
View on Google Play ↗
Nawgati: Fuel, CNG, EV & More screenshot 1Nawgati: Fuel, CNG, EV & More screenshot 2Nawgati: Fuel, CNG, EV & More screenshot 3Nawgati: Fuel, CNG, EV & More screenshot 4Nawgati: Fuel, CNG, EV & More screenshot 5Nawgati: Fuel, CNG, EV & More screenshot 6
6

Zypp-EVs for Rental & Delivery

by Zypp Electric

Installs941K
Rating—
Installs, year on year+66%
Last updatedJun 2026
View on Google Play ↗
Zypp-EVs for Rental & Delivery screenshot 1Zypp-EVs for Rental & Delivery screenshot 2Zypp-EVs for Rental & Delivery screenshot 3Zypp-EVs for Rental & Delivery screenshot 4Zypp-EVs for Rental & Delivery screenshot 5
7

Statiq: EV Charging Stations

by Statiq

Installs828K
Rating4.07K ratings
Installs, year on year+92%
Last updatedMay 2026
View on Google Play ↗
Statiq: EV Charging Stations screenshot 1Statiq: EV Charging Stations screenshot 2Statiq: EV Charging Stations screenshot 3Statiq: EV Charging Stations screenshot 4Statiq: EV Charging Stations screenshot 5Statiq: EV Charging Stations screenshot 6
8

ChargeZone: EV Charging India

by Charge Zone

Installs756K
Rating4.566K ratings
Installs, year on year+59%
Last updatedJun 2026
View on Google Play ↗
ChargeZone: EV Charging India screenshot 1ChargeZone: EV Charging India screenshot 2ChargeZone: EV Charging India screenshot 3ChargeZone: EV Charging India screenshot 4
9

Bharat Smart Services

by Coral Innovations

Installs521K
Rating—
Installs, year on year+26%
Last updatedJun 2026
View on Google Play ↗
Bharat Smart Services screenshot 1Bharat Smart Services screenshot 2Bharat Smart Services screenshot 3Bharat Smart Services screenshot 4Bharat Smart Services screenshot 5Bharat Smart Services screenshot 6
10

Bolt.Earth - EV Charging App

by Bolt.Earth

Installs450K
Rating4.02K ratings
Installs, year on year+104%
Last updatedJun 2026
View on Google Play ↗
Bolt.Earth - EV Charging App screenshot 1Bolt.Earth - EV Charging App screenshot 2Bolt.Earth - EV Charging App screenshot 3Bolt.Earth - EV Charging App screenshot 4Bolt.Earth - EV Charging App screenshot 5Bolt.Earth - EV Charging App screenshot 6
The business behind the activity

Energy tech financials in India

Revenue, profit and growth from the filed annual accounts of 1222 energy tech companies in India for FY24-25 — 1,525 of the 3,241 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 43% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹80,565.22 cr

1222 companies filing accounts

combined net profit−₹685.99 cr

-0.9% aggregate margin

are profitable51%

619 of 1222 companies

median revenue~₹2.4 cr

the typical company

median revenue growth+20%

into FY24-25

earned by the top five43%

revenue concentration

Six-year view

Combined revenue of filing companies

₹23,404.59 crFY19-20654 filers
₹21,713.42 crFY20-21814 filers
₹32,542.99 crFY21-22943 filers
₹45,235.79 crFY22-231087 filers
₹63,634.85 crFY23-241190 filers
₹80,565.22 crFY24-251222 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 909 companies over three years

+88%
FY22-23₹39,614.75 cr−₹3,313.17 cr net
FY23-24₹57,996.89 cr−₹1,952.85 cr net
FY24-25₹74,446.12 cr−₹437.70 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr45725% profitable
₹1–10 cr38960% profitable
₹10–100 cr27671% profitable
₹100–1,000 cr8674% profitable
Over ₹1,000 cr1479% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking368
0–20%166
20–50%134
50–100%138
Doubled+268

1074 companies with accounts for both years; median growth +20%.

Profitability

Profit is concentrated at the top

619profitable
597loss-making
-0.9%aggregate margin
0.1%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
ASR Control Solutions SystemsASR CONTROL SOLUTION SYSTEMS PRIVATE LIMITED+804%₹18.14 cr
PointoP2G MOBILTY TECH PRIVATE LIMITED+748%₹29.98 cr
BelectriqBELECTRIQ MOBILITY PRIVATE LIMITED+645%
Electrify EnergyELECTRIFY ENERGY PRIVATE LIMITED
InvertekenergyINVERTEK ENERGY SOLUTIONS PRIVATE LIMITED+624%
Physics MotorsPHYSICS MOTORS TECHNOLOGY PRIVATE LIMITED+542%₹10.81 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Indian Gas ExchangeINDIAN GAS EXCHANGE LIMITED₹69.08 cr
ONGCONGC TERI BIOTECH LIMITED39.5%₹43.18 cr
Coral InnovationsCORAL INNOVATIONS PRIVATE LIMITED₹11.73 cr
EcofrostECOFROST TECHNOLOGIES PRIVATE LIMITED₹77.39 cr
ElectrohmsELECTROHMS PRIVATE LIMITED23.7%
FC TecNrgyFC TECNRGY PRIVATE LIMITED20.8%₹221.85 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Electric vehicles415₹34,578.28 cr~₹1.6 cr44%-6.0%
Auto components18₹11,360.11 cr~₹2.1 cr17%1.7%
Smart grid40₹6,887.72 cr~₹11.2 cr68%9.1%
Energy storage tech303₹6,169.17 cr~₹2.5 cr52%-4.2%
Solar energy6₹5,758.57 cr~₹42.7 cr83%5.7%
Renewable energy tech90₹4,159.49 cr~₹2.6 cr58%6.1%
Facility management tech29₹2,643.58 cr~₹2.9 cr66%9.9%
Energy efficiency tech97₹2,428.70 cr~₹4.9 cr70%5.3%
Leaders

Largest energy tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Tata Passenger Electric MobilityTATA PASSENGER ELECTRIC MOBILITY LIMITED₹15,247.00 cr₹95.00 cr0.6%+47%
VarrocVarroc Engineering Limited₹7,396.21 cr₹275.85 cr3.7%+10%
Sterling and WilsonSTERLING AND WILSON RENEWABLE ENERGY LIMITED₹5,592.38 cr₹318.26 cr5.7%+88%
LivguardLIVGUARD ENERGY TECHNOLOGIES PRIVATE LIMITED₹3,634.90 cr−₹47.16 cr-1.3%+16%
KPITKPIT TECHNOLOGIES LIMITED₹2,645.93 cr₹481.84 cr18.2%+27%
Genus Power Infrastructures, Genus Power InfrastructureGENUS POWER INFRASTRUCTURES LIMITED₹2,521.74 cr₹298.18 cr11.8%+102%
Ather EnergyAther Energy Limited₹2,305.20 cr−₹812.30 cr-35.2%+29%
Secure MetersSecure Meters Limited₹2,189.36 cr₹238.60 cr10.9%—
TruAlt BioenergyTRUALT BIOENERGY LIMITED₹1,940.71 cr₹168.45 cr8.7%+52%
OlectraOLECTRA GREENTECH LIMITED₹1,774.92 cr₹139.56 cr7.9%+58%
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Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Energy Tech Industry Landscape of India

The financials above are one chapter. The full energy tech landscape of India maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the energy tech landscape of India
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Energy tech funding and M&A across India

1,564 recorded equity rounds have gone to 4,036 energy tech companies in India — how much, at which stage, into which sub-sectors, from whom, and how India compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months71

US$945.96m

equity rounds, last 24 months249

US$2.88bn

raised over five yearsUS$8.58bn

1,071 rounds in India

M&A deals, India71

last 24 months

Capital by year

Equity funding into energy tech in India

amount rounds
$209m201881
$624m2019114
$238m2020111
$713m2021203
$2.4bn2022239
$1.8bn2023220
$999m2024214
$1.9bn2025156
$736m202639

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$2.43bn across 239 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$66.39m169 rounds · median US$121k
SeedUS$742.26m601 rounds · median US$430k
Series AUS$1.40bn182 rounds · median US$5.00m
Series BUS$1.26bn65 rounds · median US$13.74m
Series CUS$998.58m25 rounds · median US$26.97m
Series D+US$3.31bn25 rounds · median US$60.70m
Private equityUS$794.81m4 rounds · median US$250.00m
Where the money went · five years

Most-funded sub-sectors

Electric vehiclesUS$5.50bn455 rounds · 172 companies
Renewable energy techUS$1.22bn93 rounds · 44 companies
Energy storage techUS$673.49m183 rounds · 77 companies
Road transport techUS$321.68m51 rounds · 15 companies
Alternative lendingUS$181.80m18 rounds · 9 companies
Logistics techUS$98.08m13 rounds · 4 companies
Energy efficiency techUS$97.54m36 rounds · 19 companies
Corporate activity · last 24 months

M&A in India

68Acquisition
2Merger
1Completed

Most active acquirers

  1. Kpit technologies16
  2. Inox Clean Energy6
  3. Jupiter Electric Mobility4
  4. Na3
  5. Inox green energy services3

Most acquired or merged

  1. Sterling and wilson renewable energy5
  2. IntelliSmart Infrastructure4
  3. A-1 sureja industries3
  4. Vibrant energy2
  5. Wind World India2

Each deal appears in the events strip at the top of the page.

Energy tech funding in India

452 energy tech companies in India have recorded equity funding, US$9.60bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind energy tech companies in India. 1,931 of 3,241 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India energy tech companies by sub-sector

The most common specialisations among energy tech companies in India. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring energy tech in India and nearby markets.

Coming soon