Funding · Climate, Energy & Sustainability
GreenTech raises ₹30 Cr from Transition VC
By Startup Enthusiast ·
- Date
- Company
- GreenTech
- What it does
- Wind turbine asset management
- Kind
- Funding
- Amount
- ₹30 Cr ($3.3 Mn)
- Stage
- seed
- Founded
- 2018
What they do
GreenTech provides tech-driven operations and maintenance for wind turbines
What happened
It raised ₹30 crore ($3.3 million) in its first funding round, led by Transition VC
Why it matters
India targets 150 GW wind energy by 2030, with a 35 GW service gap
The details
- GreenTech raised ₹30 crore ($3.3 million) in its first funding round.
- The round is a mix of equity and debt.
- Transition VC, a climate-focused fund, led the investment.
- The company will use the funds to expand global infrastructure.
- It will also upgrade its AI/ML predictive maintenance and SCADA analytics platforms.
- GreenTech plans to accelerate business development in India and international wind markets.
- It will expand its repair and refurbishment centre into a multi-disciplinary hub.
The bigger picture
- India targets 150 GW of wind energy capacity by 2030.
- Currently 50 GW is installed, leaving a 35 GW service gap.
- India ranks third globally in wind capacity after China and the US.
- Renewable energy push is driving early-stage capital and M&A interest in Indian startups in 2026.
About the business
- GreenTech is a tech-driven operations and maintenance (O&M) company for wind turbine asset management.
- It offers predictive and preventive maintenance, corrective services, full-scope O&M, and SCADA modernisation.
- Services include blade inspection, crane-less major component replacement, and in-house repair of mechanical, electrical, and electronic systems.
- It uses AI/ML for predictive maintenance, SCADA analytics, real-time anomaly detection, failure forecasting, and remote performance monitoring.
- Its supply chain includes 100+ suppliers, 20+ repair loops, 7+ major component partners, and 6,000+ components in inventory.
- Operations cover all major wind states in India, plus Vietnam and Sri Lanka, with expansion into Southeast Asia and the Middle East and North Africa.
What happens next
- Expand global infrastructure and upgrade AI/ML predictive maintenance platforms.
- Accelerate business development in India and international wind markets.
- Expand repair and refurbishment centre into a multi-disciplinary hub.
- Target multifold revenue growth in the next 24 months.
The deal
- Type
- seed
Investors
- Transition VC (lead) — A climate-focused venture capital fund.
Founders
- Daniel Raj, Founder
About GreenTech
- Product
- based deeptech startup
- Customers
- Wind farm operators and renewable energy asset owners managing wind turbine fleets.
- How it makes money
- Provides contracted full-scope operations, predictive maintenance, and repair services for wind turbines.
- What sets it apart
- Offers AI-driven predictive maintenance, SCADA modernization, crane-less component replacement, and in-house multi-system repair capabilities.
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