Earlier this month the 2025 World Cleantech 100 was launched, figuring out 100 cleantech corporations almost certainly to make a big influence within the coming years and offering key developments and forward-looking evaluation for the 12 months to return. Total funding within the Transportation & Logistics (T&L) business group remained regular from 2023 regardless of the slight total decline in enterprise funding in cleantech as a complete.
APAC innovators have persistently had a robust presence in T&L in comparison with different cleantech business teams and cleantech as a complete. For a number of years, APAC innovators have been the supply of almost a 3rd of T&L enterprise investments in addition to total funding quantity, in comparison with 17% of funding throughout all cleantech sectors.
Regardless of the decrease variety of offers, the common funding dimension has considerably elevated from 2023, significantly for late-stage offers. Whereas late-stage deal rely dropped to an all-time low in This fall, T&L late-stage offers averaged $59M, soundly outperforming the cleantech-wide common of $36M.
Unsurprisingly, of APAC innovators that raised funds this previous 12 months, Chinese language innovators took the lead with almost 150 distinct China-based innovators saying enterprise investments. Chinese language cleantech innovation has been extremely centered on Supplies & Chemical substances and Power & Energy, with over two-thirds of those innovators specializing in these, particularly within the power and battery worth chains sectors.
Exploring India’s Thriving Cleantech Ecosystem
One of many key highlights that emerged when reviewing the previous 12 months for the T&L business group was the robust efficiency of the Indian cleantech ecosystem.
The Indian cleantech innovation ecosystem positioned an in depth second behind China, with over 120 innovators closing funding rounds in 2024.These India-based innovators are unfold extra evenly throughout cleantech sectors, however over a 3rd work within the T&L area (44 distinct Indian T&L innovators closed funding rounds in 2024 – greater than another APAC nation). In truth, Indian T&L innovators have been probably the most lively classes throughout all the cleantech taxonomy.
Key Subsectors of the Rising Indian Cleantech Ecosystem
The micromobility sector in India is not rising, however is now a well-established cleantech powerhouse, as was properly mirrored within the 2024 funding information. Innovators like TI Clear Mobility ($69M Development Fairness) and Ather Power ($71M Development Fairness) raised giant, late-stage funding rounds to increase operations and attain new markets. Nevertheless, the Indian cleantech ecosystem is deepening and diversifying, rapidly increasing to offer a variety of services to allow deep electrification of transport techniques.
Fleet electrification has emerged as a key sub-sector, with innovators corresponding to ALT Mobility, Everest Fleet, BluSmart, Vecmocon, and Magenta Mobility offering electrification and logistics providers to combine and optimize electrical fleets. BluSmart, a 2025 World Cleantech 100 firm, offers ride-hailing providers in electrical autos and runs a charging infrastructure community.
Whereas micromobility is dominant, innovators are additionally offering options for electrical industrial autos. Electrification of public transport, significantly metropolis buses, is on the rise with roughly 12% of latest bus gross sales in 2025 anticipated to be electrical. Innovators corresponding to GreenCell Mobility are concentrating on this market.
Aviation is one other rising space of electrification for Indian innovators. Not proof against the eVTOL growth, Indian innovators are growing electrical city aircrafts. The ePlane Firm, Sarla Aviation, and BonV Aero all raised enterprise funding rounds this previous 12 months to help the continued growth of eVTOLs with the objective of decreasing city congestion and emissions and offering cargo options for difficult terrains.
To help this sector-wide shift in the direction of electrical transport, an intensive community of electrification and charging infrastructure innovators are deploying options throughout India. Critically, charging and battery swapping innovators goal to deploy networks to allow the growth of private and non-private electrical autos. The place the native grid is unreliable or inaccessible, battery swapping networks present a dependable different to charging networks. Moreover, sale of E2&3-wheelers with out the battery reduces up-front prices for customers, a big barrier to adoption. Battery swap stations provide important, although as-of-yet unrealized potential for power storage and grid stabilization providers as properly.
As India´s transportation community turns into more and more electrified, battery and charging options are in excessive demand. Battery Sensible raised $65M in a Sequence B spherical to deploy battery swapping networks throughout India and Urja Mobility closed a $12M Seed spherical for his or her EV battery leasing platform. In the meantime, innovators corresponding to Cost Zone, Kazam, Neuron Power, and Ultraviolette additionally raised funding to develop a variety of battery and charging options.
Maintain an Eye On EV Powertrains and Elements
A small however rising nook of the Indian T&L cleantech ecosystem, innovators like Electra EV and Chara Applied sciences are growing EV parts—particularly powertrains and electrical motors. Excessive electrification and stiff import tariffs on EVs and parts create a robust demand marketplace for regionally manufactured, high-efficiency EV motors and parts for each E2&3-wheelers and bigger electrical autos.
