MARKET NOTES / 001INDIA / BENGALURU / ENERGY TECH
LESS GUESSWORK. A BETTER RESEARCH LIST.

Energy Tech.
Bengaluru.

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Who backs this market, where they enter, and how recently they have added a new company. A directory built around the questions founders actually ask.

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Companies are based in Bengaluru · investors can be based anywhere
Dataset through 22 May 2026 · calculated 14 Sep 2026
01 / THE SHORTLIST LAB

Make the list work for your company.

57 backers based in Bengaluru are shown by default. Compare up to three.

Angels by Bengaluru neighbourhood

Browse recorded neighbourhoods for 2 of 22 Bengaluru angels.

Selecting a locality shows Bengaluru angels only. Counts describe the local angel roster before other filters.

57 of 578 selected backers · Bengaluru only

Shows investors whose recorded city is Bengaluru. Unknown cities are excluded. Market charts cover all investor locations.

Theme filtering selects backers of companies carrying that theme tag. Entry-stage filtering selects backers with an entry at that stage; the two matches may be different companies. Row metrics describe their entire dated Energy Tech history in Bengaluru.

Selected investors ranked by distinct companies backed, with first-entry financing and recent activity.
CompareInvestor / recorded locationCompanies
here
New in
24 months
Median total
entry round
Companies
backed again
Latest
investment
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THE INVESTOR, IN CONTEXT
LINKEDIN ACCESS

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02 / THE MARKET READ

Activity is a better starting point
than a long list of names.

Latest 24 months: after 22 May 2024 through 22 May 2026.

RECENT PARTICIPATION
439

Backers in a recent round

376 added at least one new company in this market. The remainder participated only in companies they had already backed here.

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MARKET PACE
85

Distinct equity rounds

Across 55 companies, versus 116 rounds in the preceding 24 months. Each company round is counted once.

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EARLY FINANCING
54.1%

Rounds at Angel, Pre-Seed or Seed

46 of 85 recent rounds. Compare your stage with its own financing range before sizing the ask.

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NEW RELATIONSHIPS
80%

Participations were first entries

387 first investor–company relationships out of 484 participations. The other 97 were later rounds together.

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Build a syndicate beyond the city.

Of 439 recently active backers, 43 have a recorded Bengaluru location and 124 are based elsewhere. Location is missing for 272. Search by market experience first, then investigate the people and their remit.

Match the whole round to your plan.

Recent Seed rounds have a median size of $925K, across 35 disclosed amounts. That is total company financing. An individual investor’s cheque or available capital is not disclosed here.

03 / EMERGING THEMES

Which themes are gaining share?

Follow financing activity across the company classifications represented in this market.

Latest four complete quarters: 01 Apr 2025–31 Mar 2026 · 34 market rounds, versus 56 in the preceding four quarters.

LOSING SHARE

Green Transport

-16.3 pp

23 of 34 recent rounds (67.7%), versus 47 of 56 (83.9%).

GAINING SHARE

Dpiit Registered

+5.0 pp

26 of 34 recent rounds (76.5%), versus 40 of 56 (71.4%).

LOSING SHARE

Electric Vehicles

-16.3 pp

23 of 34 recent rounds (67.7%), versus 47 of 56 (83.9%).

LATEST DETECTED SPIKE

Deep Tech

53.9%

7 of 13 rounds in Q1 2025, compared with 30.5% over the prior four quarters.

SPIKE DETECTION

Look beyond the headline total.

Share of market roundsPrior four-quarter shareDetected spike

Scroll sideways to explore all quarters.

Energy Storage Tech: quarterly share of recorded equity roundsSolid line: share of market rounds. Dashed line: share over the previous four complete quarters. Rings mark rule-based spikes. Shading marks a partial quarter, excluded from detection. 0%15%30%45%60% Partial 2020Q1 2020: 2 / 9 rounds, 22.22%Q2 2020: 1 / 4 rounds, 25%Q3 2020: 3 / 11 rounds, 27.27%Q4 2020: 1 / 8 rounds, 12.5%2021Q1 2021: 2 / 13 rounds, 15.38%Q2 2021: 5 / 16 rounds, 31.25%Q3 2021: 4 / 16 rounds, 25%Q4 2021: 5 / 16 rounds, 31.25%2022Q1 2022: 2 / 22 rounds, 9.09%Q2 2022: 9 / 25 rounds, 36%Q3 2022: 7 / 17 rounds, 41.18%Q4 2022: 2 / 13 rounds, 15.38%2023Q1 2023: 6 / 13 rounds, 46.15%Q2 2023: 5 / 15 rounds, 33.33%Q3 2023: 3 / 12 rounds, 25%Q4 2023: 6 / 15 rounds, 40%2024Q1 2024: 2 / 16 rounds, 12.5%Q2 2024: 2 / 7 rounds, 28.57%Q3 2024: 4 / 18 rounds, 22.22%Q4 2024: 6 / 18 rounds, 33.33%2025Q1 2025: 5 / 13 rounds, 38.46%Q2 2025: 4 / 8 rounds, 50%Q3 2025: 1 / 8 rounds, 12.5%Q4 2025: 2 / 8 rounds, 25%2026Q1 2026: 6 / 10 rounds, 60%

Q1 2026 · 6 of 10 market rounds · 6 companies · 60.0% share. A detected spike, 1.85× the prior four-quarter share.

Select a dot to inspect the exact count and baseline. The partial quarter through 22 May 2026 is shown but cannot trigger a spike.

The theme shift, year by year.

Share of all recorded Energy Tech rounds in Bengaluru. Each cell also gives its theme-round count.

Theme shares and round counts by calendar year. 2026 is partial through 22 May 2026.
Investment theme2020202120222023202420252026*
68.8%22 / 3286.9%53 / 6183.1%64 / 7774.6%41 / 5583.1%49 / 5981.1%30 / 3750.0%5 / 10
62.5%20 / 3275.4%46 / 6162.3%48 / 7774.6%41 / 5574.6%44 / 5973.0%27 / 3760.0%6 / 10
68.8%22 / 3286.9%53 / 6181.8%63 / 7772.7%40 / 5583.1%49 / 5981.1%30 / 3750.0%5 / 10
31.3%10 / 3226.2%16 / 6129.9%23 / 7743.6%24 / 5530.5%18 / 5940.5%15 / 3770.0%7 / 10
21.9%7 / 3226.2%16 / 6126.0%20 / 7736.4%20 / 5523.7%14 / 5932.4%12 / 3760.0%6 / 10
21.9%7 / 3216.4%10 / 6120.8%16 / 7716.4%9 / 5513.6%8 / 5916.2%6 / 3710.0%1 / 10
18.8%6 / 328.2%5 / 616.5%5 / 773.6%2 / 553.4%2 / 5910.8%4 / 370.0%0 / 10
15.6%5 / 3224.6%15 / 6115.6%12 / 7716.4%9 / 5511.9%7 / 5921.6%8 / 3720.0%2 / 10

*2026 is partial. Company themes use the tags available in this dataset, applied to historical rounds; they do not date when a business adopted a technology. Themes overlap, so shares do not add to 100%. Each company round is counted once within a theme. These charts cover investors from all locations; the shortlist keeps its own location filter.

How a spike is detected

A complete quarter is flagged when its theme share is at least 1.75× the share across the preceding four quarters and at least 5 percentage points higher. It must contain at least 3 theme rounds across 3 companies, at least 10 market rounds, and at least 3 theme rounds in the baseline. All four baseline quarters must have market observations. A zero baseline, missing observations or partial quarter cannot produce a flag.

This is a transparent screening rule, not a statistical significance test or a forecast. A higher share can accompany fewer rounds when the wider market contracts; the counts beside the chart make that distinction visible.

04 / THE DEPTH MAP

One appearance, or a pattern?

1,809 of 2,000 backers with dated histories appear in just one company. Select a cell to explore the directory.

Backers by type and number of distinct Energy Tech companies backed in Bengaluru, all dated history.
Portfolio breadth here1 company2 companies3–56–1011+
Firms & institutions
Individual angels

Circle area increases with backer count. The shortlist includes backers with 2 or more companies in this market, plus other backers active in the latest 24 months. In the 1-company cell, only recently active backers are available to explore. The shortlist’s investor-location filter also applies; select all locations to broaden the results. 0 backers have only undated entries.

05 / ROUND DESIGN

Different stages. Different capital.

Recent equity rounds · 24-month window.
Amounts are in USD.

StageDistinct roundsMedian / middle half
Angel
9
$94K$36K–$171K8 disclosed
Seed
37
$925K$324K–$2.1M35 disclosed
Series A
25
$5.9M$3.9M–$9.4M25 disclosed
Series B
7
$3.2M$237K–$7.5M4 disclosed · small sample
Series C
1
$15M$15M–$15M1 disclosed · small sample
Series D
1
$15M$15M–$15M1 disclosed · small sample
Series E+
5
$33M$17M–$52M4 disclosed · small sample
06 / FOLLOW THE EVIDENCE

The most recent recorded rounds.

Distinct company rounds.
Named backers are shown lead-first.

Seed

Manufacturer of electrolyzers for on-site green hydrogen production across industries

$6.3M total equity round
8 named backers

HDFC Bank · Mitsui Sumitomo Insurance Venture Capital · Aavishkaar Capital · Manish Prataprai Gandhi · Micelio · +3 more

Series A

Provider of high-performance electric mobility solutions

$21M total equity round
3 named backers

Congruent Ventures · Active Impact Investments · Lowercarbon

Series A

Provider of hybrid renewable energy solutions integrating wind and solar power

$3.5M total equity round
23 named backers

NavCap · Aarthaif · Abhay Shrinivas Upadhye · Abhiram Ranganath · Amee Shah · +18 more

Seed

Developer of hydrogen combustion systems for power generation and electricity backup

$1.0M total equity round
1 named backer

MountTech Growth Fund

Seed

Provider of lithium ion battery

$3.0M total equity round
3 named backers

Indian Angel Network · Navam Capital · Speciale Invest

Series C

Provider of rapid-charging battery, charger, and connector technology for EVs

$15M total equity round
9 named backers

TDK Ventures · 3one4 Capital · AdvantEdge · Allocate · Ervi Technology · +4 more

07 / READING THE ATLAS

What these patterns can tell you.

The market boundary

Recorded equity rounds for companies tagged Energy Tech and located in Bengaluru. Investor headquarters may be elsewhere. Company sector and location reflect the available company records, not necessarily the location or sector at the investment date.

The time boundary

Data coverage ends 22 May 2026. The latest market round is 10 Mar 2026. There are 1 undated participations, excluded from timing metrics. Activity after the cutoff is unknown.

The relationship boundary

“New” is the first dated relationship between a backer and a company in this market. “Backed again” requires a later dated round together. A first observed entry may follow an earlier unrecorded investment.

The financing boundary

Amounts describe entire equity rounds, not personal cheques, fund capacity or returns. Medians exclude missing and non-positive amounts; the middle half spans the 25th–75th percentiles. A recorded investment does not establish current availability.

RADAR / COMPANY DISCOVERY

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Calculated 14 Sep 2026 · 578 investor histories to explore