India leads in clean-tech funding, surpassing China in Q3 2024
Author: PPD Team Date: 10/12/2024
India has overtaken China as the top destination for clean-technology funding, with $2.4 billion in deals completed in Q3 2024, more than four times China’s total.
This marks the second-highest funding globally, following the US.
About a quarter of seed-stage investments in climate-related startups are now directed towards India.
However, challenges remain, as the country needs significantly more capital to meet long-term climate goals.
Despite this, the market is expected to boom as more solutions emerge to tackle India’s pollution and emissions.