India ranked 9th in VC funding for climate tech globally: Report

India ranks at the ninth spot globally for climate tech investment, with the country's climate tech firms receiving USD 1 billion in venture capital funding between 2016 and 2021, according to a report released on Tuesday. Venture capital (VC) investment in climate technology companies has gone up globally since 2016, as per the report jointly prepared by international trade promotion agency London & Partners and Amsterdam-based database management company Dealroom.co. Global climate tech venture capital investment soared from USD 6.6 billion in 2016 to USD 32.3 billion in 2021, an increase in funding by almost five times, the research revealed. "2021 investment levels have already exceeded the whole of 2020 for global climate tech investment, demonstrating the importance of the global tech industry in the fight against climate change," said the report, which analyses technology companies working to reduce greenhouse gas emissions or addressing the impacts of climate change. The ..

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