Company lists
The Maharashtra edition · 2026

Renewable energy techcompanies in Maharashtra

Solar, energy storage, bioenergy, EVs & green finance, agri & water and more: the companies building renewable energy tech in Maharashtra, with their founders, funding, team size and business models.

63 company profiles40 with reported revenue20 with recorded fundingOctober 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent renewable energy tech business events in India

Funding, M&A, contract wins and launches involving 376 renewable energy tech companies in India, last 24 months: 45 Contracts · 18 M&A deals · 14 funding rounds · 1 Launch. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

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
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
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
ContractSupply

Serentica renewables · client: Cairn Oil & Gas

Cairn Oil & Gas, part of the Vedanta Group, has started sourcing 25 MW of renewable hybrid power from Serentica Renewables for its Barmer oil field in Rajasthan.

Energy
ContractSupply

Serentica renewables · client: Sanathan Polycot

Serentica Renewables has inked a deal with Sanathan Polycot to provide 32 MW of hybrid renewable energy.

Funding

Ecofy

Ecofy, an NBFC focused on financing climate change solutions, raised Rs 380.5 crore ($41 million approx,) from BII and DAIF.

Investors Bii, DAIF
FinTech
FundingSeed

Hycosys

In a seed funding round headed by MountTech Growth Fund-Kavachh, deep-tech engineering startup Hycosys has raised more than $1 million, or roughly Rs 9 crore.

Investors MountTech Growth Fund-Kavachh
Deep-tech engineering
M&AAcquisition · Announced

Inox green energy services acquires Wind World India – O&M arm

Meanwhile, Inox Green Energy Services will take over Wind World India’s O&M arm.

Operations & Maintenance
M&AAcquisition · Announced

Inox green energy services acquires Wind World India

At the same time, Inox Green Energy Services will take over Wind World India’s O&M business, strengthening its presence in the renewable asset management space.

Operations & Maintenance
ContractTechnology

Honeywell · client: TruAlt Bioenergy

Honeywell on Wednesday said that TruAlt Bioenergy Limited will use its Ethanol-to-Jet (ETJ) process technology to produce 80,000 tons per annum (TPA) of sustainable aviation fuel (SAF)…

Sustainable Aviation Fuel
LaunchNew Data Center Platform

Enerdatics

Enerdatics Launches New Data Center Platform.

Data Center Platform
Funding

Offgrid energy labs

Earlier this month, Offgrid Energy Labs raised $15 million, as reported by ET.

ContractSupply

Roto pumps · client: Gps renewables

Roto Pumps Limited has announced a significant domestic sales order from GPS Renewables Private Limited for the design, engineering, and supply of Progressive Cavity Pumps along with…

ContractSupply

SANY Renewable · client: Serentica renewables

Renewable energy company Serentica Renewables announced plans to procure Wind Turbine Generators (WTGs) from SANY Renewable for its 336 MW wind power project in Karnataka.

Wind energy
ContractService

Hygenco · client: Sterlite Tech

This initiative will enable Sterlite Tech to become one of the first optical fibre manufacturers globally to use 100% green hydrogen in its production processes. Hygenco will build, own,…

Optical fibre manufacturing
M&AAcquisition · Completed

Devansh Trademart LLP acquires Inox green energy services

Devansh Trademart LLP, a Promoter Group of Inox Green Energy Services Limited, acquired an additional 10,000 equity shares of the Company through open market transactions on June 5, 2025.

Wind Power O&M
ContractInfrastructure

Integrum Energy · client: Bharat Petroleum

The Letters of Award have been issued to Suzlon Energy Limited for the Madhya Pradesh project and Integrum Energy Infrastructure Limited for the Maharashtra site.

Renewable Energy
FundingLong-term loan

Ecofy

Ecofy Finance, a non-banking financial company (NBFC) focused on supporting India’s green transition, has raised INR 104 Crore ( around $12.5 million) long-term loan facility from the…

Investors Investment Fund for Developing Countries (IFU)
ContractGovernment

GH2 Solar · client: Solar Energy Corporation of India

Reliance Green Hydrogen and Green Chemicals, L&T Energy, AM Green Ammonia, and Waaree Clean Energy Solutions were among nine companies to have won the tenders for setting up green…

Renewable Energy
FundingSeries A

Amperehour Energy

AmpereHour Energy has raised $5 million (Rs 43.6 crore) in a Series A funding round, led by Avaana Capital, with participation from UC Impower and several existing angel investors.

Investors Avaana Capital, UC Impower, Various angel investors
Energy storage solutions
M&AAcquisition · Completed

International Conveyors acquires Sterling and wilson renewable energy

International Conveyors has acquired 138856 equity shares of Sterling and Wilson Renewable Energy for investment purpose. The cost of acquisition is Rs 3.49 crore.

Solar EPC solutions
Funding

Probus

Enterprise AI startup Singulr AI led the segment with a USD 10 million seed round, followed by IoT and data analytics startup Probus.

ContractService

Ahasolar · client: North eastern electric power

According to the latest regulatory filings with the stock exchanges, Ahasolar Technologies Limited has secured a work order worth nearly Rs. 29.5 crores for consultancy services from…

Renewable Energy
M&AAcquisition · Completed

Morgan stanley acquires Sterling and wilson renewable energy

Investment banking firm Morgan Stanley on Tuesday bought a 1.5 per cent stake in Sterling and Wilson Renewable Energy for ₹103 crore through an open market transaction.

ContractSupply

Inox Wind · client: Serentica renewables

Inox Wind Ltd on Wednesday, December 18, said it has secured a 60 MW order from Serentica Renewables to supply 3 MW class wind turbines.

Renewable Energy
Funding

Hygenco

cleantech startup Hygenco

ContractTechnology

Topsoe · client: Hygenco

Topsoe has been selected by developer Hygenco to provide its technology to an upcoming green ammonia plant in India.

Renewable energy tech companies in Maharashtra, by revenue

Browse renewable energy tech companies in Maharashtra by reported revenue, one-year revenue growth, revenue model, age and stage. The 40 companies below are the largest by their most recent reported revenue among 40 renewable energy tech companies in Maharashtra 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 40

Developer of energy storage systems

Solar energy
₹2,125.87 crFY 2022-23
Not reported
1,970-11% 12 mo to Apr 2024LinkedIn · Oct 2026
99 yr1927
0none in 3 months

Developer of automated irrigation systems leveraging AI and IoT

Crop tech
₹1,159.53 crFY 2024-25
+150%2024–2025
610+44% 12 mo to Jun 2024LinkedIn · Oct 2026
16 yr2010
3postings · last posted Sep 2026

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

Smart grid
₹933.09 crFY 2024-25
+2986%2024–2025
1,293LinkedIn · Oct 2026
15 yr2011
0none in 3 months · last posted Jul 2026

Solar financing, equipment procurement, and performance monitoring solutions

Renewable energy tech
₹279.47 crFY 2024-25
+58%2024–2025
182+34% 12 mo to Aug 2024LinkedIn · Jul 2026
8 yr2018
2postings · last posted Sep 2026

Producer and supplier of fossil and biofuels

Renewable energy tech
₹118.72 crFY 2024-25
+42%2024–2025
36-44% 12 mo to Sep 2024LinkedIn · Oct 2026
10 yr2016
0none in 3 months

Financial solutions for the electric vehicle, solar, and SME sectors

Alternative lending
₹106.91 crFY 2024-25
+206%2024–2025
432+75% 12 mo to Sep 2024LinkedIn · Oct 2026
4 yr2022
0none in 3 months

Provider of lithium-ion battery and energy storage solutions

Electric vehicles
₹105.26 crFY 2024-25
+429%2024–2025
193+84% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of energy storage systems and energy management platform solutions

Renewable energy tech
₹83.91 crFY 2024-25
Not reported
111+33% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Provider of software for solar project management and supply procurement

Renewable energy tech
₹69.77 crFY 2024-25
+70%2024–2025
28LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Digital marketplace for the biofuel and biomass supply chain

Renewable energy tech
₹52.92 crFY 2024-25
+71%2024–2025
289+84% 12 mo to Jul 2024LinkedIn · Jul 2026
6 yr2020
18postings · last posted Sep 2026

Software platform for monitoring and operation of IPPs in the wind energy sector

Renewable energy tech
₹51.75 crFY 2024-25
-18%2024–2025
432-14% 12 mo to Jul 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months · last posted Jul 2026

Provider of hardware and software for renewable energy asset management

Renewable energy tech
₹49.57 crFY 2024-25
Not reported
214LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Jul 2026

Provider of biodiesel products

Renewable energy tech
₹45.83 crFY 2024-25
-18%2024–2025
78-96% 12 mo to Mar 2019LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Online platform offering bioenergy solutions

Crop tech
₹40.05 crFY 2024-25
+279%2024–2025
197-73% 12 mo to Feb 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted Jun 2026

Provider of asset lifecycle management solutions for the renewable energy sector

Renewable energy tech
₹28.27 crFY 2024-25
+56%2024–2025
211LinkedIn · Jul 2026
6 yr2020
0none in 3 months · last posted Jun 2026

Manufacturer of on-grid solar inverters

Energy storage tech
₹10.65 crFY 2024-25
Not reported
14LinkedIn · Jul 2026
3 yr2023
0none in 3 months

AI-driven solar cleaning robots

Professional service robots
₹9.41 crFY 2024-25
+102%2024–2025
40+60% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months · last posted Jun 2026

Technology driven renewable energy company offering compressed biogas production

Renewable energy tech
₹8.63 crFY 2024-25
-35%2024–2025
5-5% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Integrated solutions for green hydrogen

Energy storage tech
₹7.54 crFY 2024-25
Not reported
13+150% 12 mo to Sep 2024LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Platform for mapping renewable energy generation assets

Investment tech
₹7.50 crFY 2024-25
+48%2024–2025
127LinkedIn · Jul 2026
13 yr2013
4postings · last posted Sep 2026

Provider of solar power plant performance analytics solutions

Digital twin
₹5.01 crFY 2024-25
-42%2024–2025
44+16% 12 mo to Sep 2024recorded Sep 2024
9 yr2017
0none in 3 months

Producer of biofuels from waste

Renewable energy tech
₹4.80 crFY 2024-25
-42%2024–2025
61-16% 12 mo to Jul 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Manufacturer of solar-powered irrigation systems for smallholder farmers

Renewable energy tech
₹2.53 crFY 2021-22
+187%2021–2022
5LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Provider of biogas solution for waste management

Renewable energy tech
₹2.23 crFY 2024-25
+70%2024–2025
9LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted Jun 2026

Retailer of renewable energy products for agricultural and rural households

Crop tech
₹1.57 crFY 2024-25
+115%2024–2025
23LinkedIn · Jul 2026
6 yr2020
0none in 3 months
40 of 63 companies shown here · the full list is on Radar
Fliar Radar

Explore all 63 renewable energy tech companies in Maharashtra on Radar

This page shows the top 40. Radar has the complete, filterable list with contacts and live company signals.

Open renewable energy tech in Maharashtra on Radar
  • Every company, not just 50All 63 renewable energy tech companies in Maharashtra, 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 renewable energy tech companies in Maharashtra by what you are looking for

Find top renewable energy companies and renewable energy startups in Maharashtra, from solar to energy storage and biofuels. Browse renewable energy tech companies by type, including startups and companies that are hiring.

7 ways to explore renewable energy tech in Maharashtra

Solar energy companies & solar techEnergy storage, battery & hydrogen companiesBiofuel, biogas & waste-to-energy companiesElectric vehicle & green financing companiesSolar irrigation & water tech companiesRenewable energy tech startups in Maharashtra

Solar energy companies & solar tech

Solar module makers, EPC providers, trackers, financing and monitoring platforms.

  1. Avaada Electro

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

    Smart grid
    See in list
  2. Aerem

    Solar financing, equipment procurement, and performance monitoring solutions

    Renewable energy tech
    See in list
  3. Ecofy

    Financial solutions for the electric vehicle, solar, and SME sectors

    Alternative lending
    See in list
  4. Solar Ladder

    Provider of software for solar project management and supply procurement

    Renewable energy tech
    See in list
  5. Vayve Mobility

    Manufacturer of solar-integrated electric vehicles designed for urban mobility

    Electric vehicles
    See in list

Energy storage, battery & hydrogen companies

Lithium-ion battery, energy storage system and green hydrogen providers.

  1. Sterling and Wilson

    Developer of energy storage systems

    Solar energy
    See in list
  2. REPLUS Engitech

    Provider of lithium-ion battery and energy storage solutions

    Electric vehicles
    See in list
  3. Amperehour Solar Technology

    Provider of energy storage systems and energy management platform solutions

    Renewable energy tech
    See in list
  4. Sunsathi Solar

    Manufacturer of on-grid solar inverters

    Energy storage tech
    See in list
  5. n3e

    Integrated solutions for green hydrogen

    Energy storage tech
    See in list

Biofuel, biogas & waste-to-energy companies

Producers of biofuels, biogas and energy from waste.

  1. Biofuels Junction

    Producer and supplier of fossil and biofuels

    Renewable energy tech
    See in list
  2. BiofuelCircle

    Digital marketplace for the biofuel and biomass supply chain

    Renewable energy tech
    See in list
  3. My Eco Energy

    Provider of biodiesel products

    Renewable energy tech
    See in list
  4. Gencrest

    Online platform offering bioenergy solutions

    Crop tech
    See in list
  5. Primove Engineering

    Technology driven renewable energy company offering compressed biogas production

    Renewable energy tech
    See in list

Electric vehicle & green financing companies

Electric mobility makers and lenders financing solar, EV and clean energy projects.

  1. Aerem

    Solar financing, equipment procurement, and performance monitoring solutions

    Renewable energy tech
    See in list
  2. Ecofy

    Financial solutions for the electric vehicle, solar, and SME sectors

    Alternative lending
    See in list
  3. Two Point O Capital

    Provider of financing solutions for energy transition projects and businesses

    Alternative lending
    See in list
  4. Vayve Mobility

    Manufacturer of solar-integrated electric vehicles designed for urban mobility

    Electric vehicles
    See in list
  5. REPLUS Engitech

    Provider of lithium-ion battery and energy storage solutions

    Electric vehicles
    See in list

Solar irrigation & water tech companies

Solar pumps, smart irrigation and water treatment technology for farms.

  1. Ecozen Solutions

    Developer of automated irrigation systems leveraging AI and IoT

    Crop tech
    See in list
  2. Khethworks

    Manufacturer of solar-powered irrigation systems for smallholder farmers

    Renewable energy tech
    See in list
  3. AgriVijay

    Retailer of renewable energy products for agricultural and rural households

    Crop tech
    See in list
  4. Ossus

    Provider of green hydrogen production technology using industrial wastewater and bioelectrochemical systems

    Water and wastewater management tech
    See in list
  5. Gencrest

    Online platform offering bioenergy solutions

    Crop tech
    See in list

Renewable energy tech startups in Maharashtra

Newer renewable energy technology companies founded in recent years.

  1. Ecofy

    Financial solutions for the electric vehicle, solar, and SME sectors

    Alternative lending
    See in list
  2. Solar Ladder

    Provider of software for solar project management and supply procurement

    Renewable energy tech
    See in list
  3. Sunsathi Solar

    Manufacturer of on-grid solar inverters

    Energy storage tech
    See in list
  4. n3e

    Integrated solutions for green hydrogen

    Energy storage tech
    See in list
  5. Two Point O Capital

    Provider of financing solutions for energy transition projects and businesses

    Alternative lending
    See in list
20 companies in Maharashtra

Renewable energy tech companies hiring in Maharashtra

Renewable energy companies in Maharashtra currently hiring.

  1. Ecozen Solutions

    Developer of automated irrigation systems leveraging AI and IoT

    Crop tech
    See in list
  2. Avaada Electro

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

    Smart grid
    See in list
  3. Aerem

    Solar financing, equipment procurement, and performance monitoring solutions

    Renewable energy tech
    See in list
  4. BiofuelCircle

    Digital marketplace for the biofuel and biomass supply chain

    Renewable energy tech
    See in list
  5. POWERCON

    Software platform for monitoring and operation of IPPs in the wind energy sector

    Renewable energy tech
    See in list
14 companies in Maharashtra
Mobile reach

Top 10 renewable energy tech apps from Maharashtra

The most-installed Android apps published by renewable energy tech companies headquartered in Maharashtra — 209K installs between them. 11 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
6

Aerem Partner

by Aerem

Installs5K
Rating—
Last updatedJun 2026
View on Google Play ↗
Aerem Partner screenshot 1Aerem Partner screenshot 2Aerem Partner screenshot 3Aerem Partner screenshot 4Aerem Partner screenshot 5Aerem Partner screenshot 6
The business behind the activity

Renewable energy tech financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 31 renewable energy tech companies in Maharashtra for FY24-25 — 35 of the 63 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 95% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹8,332.69 cr

31 companies filing accounts

combined net profit₹555.41 cr

6.7% aggregate margin

are profitable47%

14 of 31 companies

median revenue~₹7.5 cr

the typical company

median revenue growth+79%

into FY24-25

earned by the top five95%

revenue concentration

Six-year view

Combined revenue of filing companies

₹5,008.17 crFY19-2019 filers
₹3,470.94 crFY20-2123 filers
₹3,885.15 crFY21-2225 filers
₹2,246.75 crFY22-2327 filers
₹3,840.46 crFY23-2429 filers
₹8,332.69 crFY24-2531 filers

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

Like-for-like

The same 24 companies over three years

+229%
FY22-23₹2,246.40 cr−₹360.90 cr net
FY23-24₹3,808.33 cr₹91.42 cr net
FY24-25₹7,381.11 cr₹379.89 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 cr911% profitable
₹1–10 cr944% profitable
₹10–100 cr875% profitable
₹100–1,000 cr333% profitable
Over ₹1,000 cr2100% profitable

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%1
20–50%2
50–100%6
Doubled+12

28 companies with accounts for both years; median growth +79%.

Profitability

Profit is concentrated at the top

14profitable
16loss-making
6.7%aggregate margin
-2.9%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
REPLUS EngitechREPLUS ENGITECH PRIVATE LIMITED+429%₹105.26 cr
Amperehour Solar TechnologyAMPEREHOUR SOLAR TECHNOLOGY PRIVATE LIMITED+285%₹83.91 cr
Ecozen SolutionsECOZEN SOLUTIONS PRIVATE LIMITED+165%₹1,149.06 cr
SuryaLogixSURYALOGIX PRIVATE LIMITED+97%₹49.57 cr
Sterling and WilsonSTERLING AND WILSON RENEWABLE ENERGY LIMITED+88%₹5,592.38 cr
Solar LadderABHIMANHAN ENERGY PRIVATE LIMITED+70%₹69.77 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Avaada ElectroAvaada Electro Limited18.6%₹933.09 cr
POWERCONPOWERCON VENTURES INDIA PRIVATE LIMITED'14.0%₹51.75 cr
My Eco EnergyMY OWN ECO-ENERGY PRIVATE LIMITED13.8%₹45.83 cr
SuryaLogixSURYALOGIX PRIVATE LIMITED8.9%₹49.57 cr
TruBoard Clean TechTRUBOARD CLEANTECH PRIVATE LIMITED8.8%₹28.27 cr
Amperehour Solar TechnologyAMPEREHOUR SOLAR TECHNOLOGY PRIVATE LIMITED6.9%₹83.91 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Renewable energy tech18₹510.77 cr~₹6.4 cr44%0.4%
Leaders

Largest renewable energy tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Sterling and WilsonSTERLING AND WILSON RENEWABLE ENERGY LIMITED₹5,592.38 cr₹318.26 cr5.7%+88%
Ecozen SolutionsECOZEN SOLUTIONS PRIVATE LIMITED₹1,149.06 cr₹75.70 cr6.6%+165%
Avaada ElectroAvaada Electro Limited₹933.09 cr₹173.30 cr18.6%>10×
Biofuels JunctionBIOFUELS JUNCTION PRIVATE LIMITED₹113.06 cr−₹6.24 cr-5.5%+44%
REPLUS EngitechREPLUS ENGITECH PRIVATE LIMITED₹105.26 cr−₹5.49 cr-5.2%+429%
Amperehour Solar TechnologyAMPEREHOUR SOLAR TECHNOLOGY PRIVATE LIMITED₹83.91 cr₹5.79 cr6.9%+285%
Solar LadderABHIMANHAN ENERGY PRIVATE LIMITED₹69.77 cr−₹38.58 lakh-0.6%+70%
BiofuelCircleBIOFUELCIRCLE PRIVATE LIMITED₹51.81 cr−₹4.06 cr-7.8%+68%
POWERCONPOWERCON VENTURES INDIA PRIVATE LIMITED'₹51.75 cr₹7.27 cr14.0%-18%
SuryaLogixSURYALOGIX PRIVATE LIMITED₹49.57 cr₹4.41 cr8.9%+97%
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.

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

Renewable energy tech funding and M&A across India

198 recorded equity rounds have gone to 376 renewable energy tech companies in India — how much, at which stage, into which sub-sectors, from whom, and how Maharashtra compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months10

US$464.74m

equity rounds, last 24 months35

US$624.19m

raised over five yearsUS$1.49bn

139 rounds in India

M&A deals, India18

last 24 months

Capital by year

Equity funding into renewable energy tech in India

amount rounds
$1.2m20188
$5.4m201911
$8.5m202013
$13m202118
$474m202230
$306m202335
$91m202425
$146m202522
$464m20269

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$473.68m across 30 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$2.75m12 rounds · median US$146k
SeedUS$67.28m88 rounds · median US$376k
Series AUS$119.49m21 rounds · median US$5.00m
Series BUS$131.98m7 rounds · median US$11.37m
Series CUS$178.02m7 rounds · median US$25.00m
Series D+US$343.82m1 rounds · median US$343.82m
Private equityUS$650.00m3 rounds · median US$325.00m
Where the money went · five years

Most-funded sub-sectors

Renewable energy techUS$1.22bn93 rounds · 44 companies
Alternative lendingUS$126.44m7 rounds · 3 companies
Crop techUS$72.36m10 rounds · 4 companies
Energy storage techUS$26.55m4 rounds · 3 companies
Solid waste management techUS$16.05m3 rounds · 2 companies
Investment techUS$13.58m10 rounds · 3 companies
Smart gridUS$8.91m4 rounds · 2 companies
Corporate activity · last 24 months

M&A in India

18Acquisition

Most active acquirers

  1. Inox Clean Energy6
  2. Inox green energy services3
  3. Serentica renewables1
  4. Devansh Trademart LLP1
  5. International Conveyors1

Most acquired or merged

  1. Sterling and wilson renewable energy5
  2. Vibrant energy2
  3. Wind World India2
  4. Boviet solar1
  5. Macquarie-owned Vibrant Energy1

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

Renewable energy tech funding in Maharashtra

20 renewable energy tech companies in Maharashtra have recorded equity funding, US$241.97m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind renewable energy tech companies in Maharashtra. 48 of 63 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra renewable energy tech companies by sub-sector

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

Keep exploring renewable energy tech in India and nearby markets.

Coming soon