Company lists
The West Bengal edition · 2026

Energy techcompanies in West Bengal

Energy efficiency, batteries & storage, electric vehicles, renewable, smart grid & meters and more: the companies building energy tech in West Bengal, with their founders, funding, team size and business models.

90 company profiles32 with reported revenue4 with recorded fundingOctober 2026 edition
West Bengal · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 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: 163 funding rounds · 130 Contracts · 70 M&A deals · 67 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
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
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
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
FundingDebt financing

Battery smart

Battery Smart, India's leading EV battery swapping provider, has raised $15 million in debt financing. The funding round was led by Mirova, a French asset management firm focused on…

Investors Mirova
EV battery swapping
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 · Completed

Inox Clean Energy acquires Macquarie-owned Vibrant Energy

It then went on to acquire Macquarie-owned Vibrant Energy, an Indian renewable energy company that supplies electricity to Amazon’s establishments in the country.

Renewable 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 West Bengal, by revenue

Browse energy tech companies in West Bengal by reported revenue, one-year revenue growth, revenue model, age and stage. The 32 companies below are the largest by their most recent reported revenue among 32 energy tech companies in West Bengal 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 32

Manufacturer and provider of solar modules

Solar energy
₹523.77 crFY 2024-25
+58%2024–2025
—Not available
18 yr2008
1postings · last posted Sep 2026

Manufacturer of electric commercial tricycles

Electric vehicles
₹243.16 crFY 2024-25
+31%2024–2025
23+42% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Manufacturer of electric rickshaws, autos, cargo vehicles, and charging solutions

Electric vehicles
₹161.95 crFY 2024-25
-6%2024–2025
285+27% 12 mo to Sep 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Manufacturer of electric rickshaws

Electric vehicles
₹150.73 crFY 2024-25
+16%2024–2025
47+8% 12 mo to Sep 2024LinkedIn · Oct 2026
16 yr2010
1postings · last posted Sep 2026

Manufacturer of battery modules and packs for energy storage solutions

Energy storage tech
₹117.33 crFY 2022-23
+240%2022–2023
30+233% vs previous recordLinkedIn · Oct 2026
8 yr2018
0none in 3 months

Developer of electric three-wheeled utility vehicles or loaders

Electric vehicles
₹110.86 crFY 2024-25
+7%2024–2025
110+14% 12 mo to Sep 2024LinkedIn · Jul 2026
17 yr2009
0none in 3 months · last posted Jul 2026

E-Rickshaw Manufacturing Company-GK RICKSHAW

Electric vehicles
₹102.14 crFY 2023-24
Not reported
26+76% 12 mo to Jul 2024LinkedIn · Oct 2026
12 yr2014
0none in 3 months

Provider of HVAC solutions and air conditioning systems

Energy efficiency tech
₹69.32 crFY 2024-25
+2%2024–2025
129LinkedIn · Jul 2026
38 yr1988
0none in 3 months

Manufacturer of electronic systems and provider of industrial energy management solutions

Smart grid
₹50.81 crFY 2024-25
+43%2024–2025
30+30% 12 mo to Sep 2024recorded Sep 2024
43 yr1983
0none in 3 months

Provider of energy forecasting and scheduling services

Renewable energy tech
₹35.94 crFY 2024-25
+47%2024–2025
12+9% 12 mo to Sep 2024recorded Sep 2024
15 yr2011
0none in 3 months

Manufacturer of electric scooters, electric cycles, and electric mopeds

Electric vehicles
₹32.22 crFY 2024-25
+50%2024–2025
323+22% 12 mo to Jul 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Battery management platform for electric vehicles

Electric vehicles
₹29.98 crFY 2024-25
Not reported
145+347% 12 mo to Jul 2024LinkedIn · Jul 2026
7 yr2019
3postings · last posted Aug 2026

Manufacturer of electric scooters

Electric vehicles
₹27.33 crFY 2024-25
-50%2024–2025
22LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Manufacturer of multiple categories of electric vehicles

Electric vehicles
₹25.56 crFY 2024-25
+7%2024–2025
34+8% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months · last posted Jul 2026

Electric tricycle manufacturer

Electric vehicles
₹18.09 crFY 2021-22
+251%2021–2022
—Not available
19 yr2007
0none in 3 months

Provider of energy storage systems

Energy storage tech
₹16.99 crFY 2024-25
+43%2024–2025
—Not available
8 yr2018
0none in 3 months

Manufacturer of batteries

Energy storage tech
₹12.01 crFY 2021-22
Not reported
—Not available
93 yr1933
—No postings tracked

Platform offering lithium-ion batteries for mobility and energy storage systems

Electric vehicles
₹12.00 crFY 2023-24
+774%2023–2024
17LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Manufacturer of electric rickshaws

Electric vehicles
₹9.20 crFY 2024-25
-32%2024–2025
—Not available
9 yr2017
0none in 3 months

Online platform offering batteries

Energy storage tech
₹7.59 crFY 2021-22
Not reported
—Not available
25 yr2001
0none in 3 months

Provider of energy storage systems

Energy storage tech
₹2.86 crFY 2024-25
-39%2024–2025
1LinkedIn · Jul 2026
45 yr1981
0none in 3 months

Provider of solutions for building automation

Facility management tech
₹1.14 crFY 2024-25
+1%2024–2025
22LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Humidity and environment control systems

Facility management tech
₹74.35 lakhFY 2021-22
Not reported
—Not available
78 yr1948
—No postings tracked

Online electric scooter rental platform in Kolkata

Road transport tech
₹59.61 lakhFY 2024-25
-1%2024–2025
7LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Solar-powered EV and charging equipment provider

Energy storage tech
₹44.20 lakhFY 2024-25
+125%2024–2025
1LinkedIn · Jul 2026
8 yr2018
0none in 3 months
32 of 90 companies shown here · the full list is on Radar
Fliar Radar

Explore all 90 energy tech companies in West Bengal on Radar

This page shows the top 32. Radar has the complete, filterable list with contacts and live company signals.

Open energy tech in West Bengal on Radar
  • Every company, not just 50All 90 energy tech companies in West Bengal, 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.
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Explore energy tech companies in West Bengal by what you are looking for

Find energy tech companies in West Bengal, from energy efficient technology and building energy management to batteries and electric vehicles. Browse energy tech startups in West Bengal and the top energy technology companies.

8 ways to explore energy tech in West Bengal

Energy efficient technology & energy managementBattery & energy storage technologyElectric vehicle & EV charging companiesRenewable energy technology companiesSmart grid, smart meters & power monitoringOil & gas technology companies

Energy efficient technology & energy management

Energy monitoring, building automation and energy management systems.

  1. Technixia

    Provider of solutions for building automation

    Facility management tech
    See in list
  2. Condair

    Humidity and environment control systems

    Facility management tech
    See in list
  3. E-Cube Energy

    Energy process outsourcing company

    Property management tech
    See in list
  4. GreenField Software

    Data center infrastructure management software

    Property management tech
    See in list
  5. WOW Security

    Cloud-based visitor management software for residential and commercial properties

    Energy efficiency tech
    See in list

Battery & energy storage technology

Makers of lithium-ion batteries, battery packs and storage systems.

  1. Nexcharge

    Manufacturer of battery modules and packs for energy storage solutions

    Energy storage tech
    See in list
  2. Thea Energy

    Provider of energy storage systems

    Energy storage tech
    See in list
  3. Bharat Battery

    Manufacturer of batteries

    Energy storage tech
    See in list
  4. Advantex Battery

    Platform offering lithium-ion batteries for mobility and energy storage systems

    Electric vehicles
    See in list
  5. Fidere Engineers and Services

    Online platform offering batteries

    Energy storage tech
    See in list

Electric vehicle & EV charging companies

Electric two-wheelers, rickshaws, commercial EVs and charging networks.

  1. Indo Wagen

    Manufacturer of electric commercial tricycles

    Electric vehicles
    See in list
  2. Terra Motors

    Manufacturer of electric rickshaws, autos, cargo vehicles, and charging solutions

    Electric vehicles
    See in list
  3. Big Bull E-rickshaw

    Developer of electric three-wheeled utility vehicles or loaders

    Electric vehicles
    See in list
  4. GK Rickshaw

    E-Rickshaw Manufacturing Company-GK RICKSHAW

    Electric vehicles
    See in list
  5. Motovolt

    Manufacturer of electric scooters, electric cycles, and electric mopeds

    Electric vehicles
    See in list

Renewable energy technology companies

Solar, hydrogen and other clean energy technology.

  1. Sova Solar

    Manufacturer and provider of solar modules

    Solar energy
    See in list
  2. MB Control

    Manufacturer of electronic systems and provider of industrial energy management solutions

    Smart grid
    See in list
  3. Eliteck Hydrogen

    Manufacturer of portable hydrogen generators

    Energy storage tech
    See in list
  4. Indecons

    Cloud platform offering solar services

    Renewable energy tech
    Website
  5. Aldrogen Energy

    Developer of hybrid hydrogen powered generators for off-grid and remote applications

    Renewable energy tech
    Website

Smart grid, smart meters & power monitoring

Grid automation, smart metering and power monitoring tech.

  1. Technixia

    Provider of solutions for building automation

    Facility management tech
    See in list
  2. Subhasree Projects

    Provider of grid automation, renewable energy, and smart metering solutions

    Smart grid
    Website
  3. Cabcon Technologies

    Manufacturer of smart meters for energy management

    Smart grid
    Website
  4. MB Control

    Manufacturer of electronic systems and provider of industrial energy management solutions

    Smart grid
    See in list
  5. Quaxar Technologies

    Developer of power monitroing solution for residential and commercial buildings

    Energy efficiency tech
    Website

Oil & gas technology companies

Technology and services for oil, gas and offshore operations.

  1. Metroark

    Manufacturer of fuels, lubricants, and aliphatic and aromatic chemical by-products

    Oil & gas tech
    Website
  2. Petrotancy

    Provider of technical services for earth science, oil, gas, and mining

    Oil & gas tech
    Website
  3. ewd

    EWD is a providers of Global Offshore Software and Web Applications.

    Saas
    Website
3 companies in West Bengal

Energy tech startups in West Bengal

Newer energy tech companies founded in the last few years.

  1. Uneverse

    Provider of batteries

    Energy storage tech
    See in list
  2. Eliteck Hydrogen

    Manufacturer of portable hydrogen generators

    Energy storage tech
    See in list
  3. Jupiter Electric Mobility

    Manufacturer of electric cargo vehicles

    Electric vehicles
    See in list
  4. GrnLYFT

    Provider of electric vehicle fleets, charging, and management platform services

    Electric vehicles
    Website
  5. SlightQ

    Provider of cloud-based queue management system for facilities

    Facility management tech
    Website
22 companies in West Bengal

Energy tech companies hiring in West Bengal

Energy tech companies with open jobs right now.

  1. Sova Solar

    Manufacturer and provider of solar modules

    Solar energy
    See in list
  2. Hooghly Motors

    Manufacturer of electric rickshaws

    Electric vehicles
    See in list
  3. Big Bull E-rickshaw

    Developer of electric three-wheeled utility vehicles or loaders

    Electric vehicles
    See in list
  4. Pointo

    Battery management platform for electric vehicles

    Electric vehicles
    See in list
  5. Jaidka Power Systems

    Manufacturer of multiple categories of electric vehicles

    Electric vehicles
    See in list
8 companies in West Bengal
Mobile reach

Top 7 energy tech apps from West Bengal

The most-installed Android apps published by energy tech companies headquartered in West Bengal — 58K installs between them. 7 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 7
2

Pointo Pilot

by Pointo

Installs18K
Rating—
Last updatedMay 2026
View on Google Play ↗
Pointo Pilot screenshot 1Pointo Pilot screenshot 2Pointo Pilot screenshot 3Pointo Pilot screenshot 4Pointo Pilot screenshot 5Pointo Pilot screenshot 6
4

Breath Blue

by Breath Blue

Installs1K
Rating—
Last updatedMay 2024
View on Google Play ↗
Breath Blue screenshot 1Breath Blue screenshot 2Breath Blue screenshot 3Breath Blue screenshot 4Breath Blue screenshot 5Breath Blue screenshot 6
7

ERO EV

by EroEV

Installs43
Rating—
Last updatedJun 2025
View on Google Play ↗
ERO EV screenshot 1ERO EV screenshot 2ERO EV screenshot 3ERO EV screenshot 4
The business behind the activity

Energy tech financials in West Bengal

Revenue, profit and growth from the filed annual accounts of 28 energy tech companies in West Bengal for FY24-25 — 35 of the 90 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 72% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹1,016.21 cr

28 companies filing accounts

combined net profit−₹2.12 cr

-0.2% aggregate margin

are profitable67%

18 of 28 companies

median revenue~₹6.0 cr

the typical company

median revenue growth+10%

into FY24-25

earned by the top five72%

revenue concentration

Six-year view

Combined revenue of filing companies

₹414.10 crFY19-2021 filers
₹335.55 crFY20-2123 filers
₹628.74 crFY21-2227 filers
₹1,011.85 crFY22-2327 filers
₹999.94 crFY23-2429 filers
₹1,016.21 crFY24-2528 filers

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

Like-for-like

The same 22 companies over three years

+28%
FY22-23₹792.26 cr₹4.86 cr net
FY23-24₹884.75 cr₹19.48 cr net
FY24-25₹1,015.16 cr₹6.27 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 cr1145% profitable
₹1–10 cr475% profitable
₹10–100 cr978% profitable
₹100–1,000 cr475% profitable
Over ₹1,000 cr0—

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

Momentum

How fast revenue moved into FY24-25

Shrinking7
0–20%8
20–50%5
50–100%2
Doubled+3

25 companies with accounts for both years; median growth +10%.

Profitability

Profit is concentrated at the top

18profitable
9loss-making
-0.2%aggregate margin
1.6%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
PointoP2G MOBILTY TECH PRIVATE LIMITED+748%₹29.98 cr
Subhasree ProjectsSUBHASREE PROJECTS PRIVATE LIMITED+51%₹51.08 cr
MotovoltMOTOVOLT MOBILITY PRIVATE LIMITED+50%₹32.22 cr
Manikaran AnalyticsMANIKARAN ANALYTICS LIMITED+47%₹35.94 cr
Thea EnergyTHEA ENERGY PRIVATE LIMITED+43%₹16.99 cr
MB ControlM.B. CONTROL & SYSTEMS PVT LTD+43%₹50.81 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Manikaran AnalyticsMANIKARAN ANALYTICS LIMITED20.5%₹35.94 cr
Hooghly MotorsHOOGHLY MOTORS PRIVATE LIMITED7.9%₹150.73 cr
Ketron Electric VehiclesKETRON ELECTRIC VEHICLES PRIVATE LIMITED7.2%₹27.33 cr
Meho-Hcp Air SystemsMEHO HCP AIR SYSTEMS PRIVATE LIMITED4.9%₹69.32 cr
Big Bull E-rickshawBIG BULL TRADER PRIVATE LIMITED4.3%₹110.86 cr
MB ControlM.B. CONTROL & SYSTEMS PVT LTD3.2%₹50.81 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Electric vehicles12₹783.35 cr~₹28.7 cr64%-2.1%
Energy storage tech6₹21.03 cr~₹43 lakh83%2.1%
Leaders

Largest energy tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Indo WagenZENIAK INNOVATION INDIA LIMITED₹243.16 cr₹6.93 cr2.8%+31%
Terra MotorsTERRA MOTORS INDIA PRIVATE LIMITED₹153.97 cr−₹7.77 cr-5.0%-6%
Hooghly MotorsHOOGHLY MOTORS PRIVATE LIMITED₹150.73 cr₹11.95 cr7.9%+16%
Big Bull E-rickshawBIG BULL TRADER PRIVATE LIMITED₹110.86 cr₹4.76 cr4.3%+7%
Meho-Hcp Air SystemsMEHO HCP AIR SYSTEMS PRIVATE LIMITED₹69.32 cr₹3.40 cr4.9%+2%
Subhasree ProjectsSUBHASREE PROJECTS PRIVATE LIMITED₹51.08 cr2.6%+51%
MB ControlM.B. CONTROL & SYSTEMS PVT LTD₹50.81 cr₹1.62 cr3.2%+43%
Manikaran AnalyticsMANIKARAN ANALYTICS LIMITED₹35.94 cr₹7.38 cr20.5%+47%
MotovoltMOTOVOLT MOBILITY PRIVATE LIMITED₹32.22 cr−₹25.73 cr-79.9%+50%
PointoP2G MOBILTY TECH PRIVATE LIMITED₹29.98 cr——+748%
Some figures are available to Radar members.Log in to Radar to see every figure

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 West Bengal 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 West Bengal
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 West Bengal compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months61

US$858.39m

equity rounds, last 24 months236

US$2.70bn

raised over five yearsUS$8.58bn

1,071 rounds in India

M&A deals, India70

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

67Acquisition
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.

Go deeper in the energy tech landscape reports:

Energy Tech Industry Landscape of India

Energy tech funding in West Bengal

4 energy tech companies in West Bengal have recorded equity funding, US$12.88m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in West Bengal

Meet the people behind energy tech companies in West Bengal. 40 of 90 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore West Bengal energy tech companies by sub-sector

The most common specialisations among energy tech companies in West Bengal. 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