Cleantech Investment in India – $131mn Raised in Q2 2009

As per a research report by Cleantech Group and Deloitte, cleantech companies worldwide have raised $1.2 billion in Q2 2009 (preliminary report).

Worldwide, the 2Q09 total is up 12 % from the previous quarter, although down 44 percent from the same period a year ago (the investment is led by electric vehicles and biofuels, while solar investment hits new low).

Indian cleantech companies raised USD $131 million in seven investment rounds (of which one deal amount was not disclosed), an increase of 167% from the previous quarter and up 161 percent from the same period last year.

India’s largest deal was USD $42 million round for Hyderabad-based Ramky Enviro Engineers which specializes in recycling and waste. The most active investor was IL&FS (Infrastructure Leasing and Financial Services Limited) which invested in two deals. Other investors in the quarter included Blue Run Ventures, DFJ, Mumbai Angels, New Enterprise Associates (NEA) and Axis Private Equity. – more

Recommended Read: Cleantech startups in India.

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