Coimbatore-based deeptech startup GreenTech has raised $3.3 Mn (INR 30 Cr) in its maiden funding round from climate-focussed fund Transition VC.
Founded in 2018 by Daniel Raj, GreenTech Megawatt manages operations and maintenance for wind turbine assets across India. The startup intends to divert the funding to fuel its infrastructure expansion, upgrade its AI/ML predictive maintenance platforms and SCADA (Supervisory Control And Data Acquisition) analytics platforms.
Beyond tech tune-ups, GreenTech aims to accelerate business development initiatives across India as well as key international wind markets. It is targeting a multi-fold increase in revenue on the back of the expansion.
The startup operates in the wind turbine management industry, leveraging technology to accelerate its outcomes. This includes data-driven maintenance and predictive analytics to improve turbine performance, optimise energy generation and reduce downtime.
GreenTech has expanded its presence beyond India in countries like Vietnam and Sri Lanka, with eyes on the south east Asia and middle-east and north Africa (MENA) markets.
It enables real-time anomaly detection, failure forecasting through AI and ML, advanced blade inspection technologies, and remote performance monitoring across turbine fleets to bring down costs and downtime while improving the lifecycle of the turbines.
The early stage startup is betting on capitalising on the ongoing renewable energy push. India has targeted to install 150 GW of wind energy assets by 2030, with 50 GW already in place. As per GreenTech, 8 GW out of this is managed by asset owners, while only 5 GW are managed by service providers like itself, leaving a 35 GW gap that it is aiming to capture.
India currently stands at third place globally in terms of wind capacity, only behind China and the United States, according to Bloomberg. The country’s bet on renewable energy has trickled notably into the startup ecosystem, with companies expected to attract significant early stage capital and M&A interest in 2026.
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