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Funding · Climate, Energy & Sustainability

GreenTech raises ₹30 Cr from Transition VC

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Date
Company
GreenTech
What it does
Wind turbine asset management
Kind
Funding
Amount
₹30 Cr ($3.3 Mn)
Stage
seed
Founded
2018
Sector
Climate, Energy & Sustainability

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

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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