changeadminAs we bid farewell to 2025, it is time to present our fifth edition of 11 Indian Green Startups.
These startups drive innovation in climate solutions by developing cutting-edge technologies and scalable models that reduce emissions and support decarbonization.
Through our annual lists of green companies, we endeavour to celebrate achievements in revenue, spotlight impact and innovators, and inspire entrepreneurs.
Many of the green startups we have listed in our previous four editions continue to sparkle – a fresh round of funding was raised by plastic-alternative startups Zerocircle, agritech startup Eeki Foods, and micromobility startup Yulu.
Many companies on our annual year-end list secured new orders, clinched top awards, forged key alliances, and tapped into emerging opportunities.
Varaha, a climate-tech startup and featured in Change Started’s 2024 Green Startup edition, achieved Asia’s first registry-backed Enhanced Rock Weathering carbon credit issuance—the third globally.
The biggest highlight came in May this year, when Ather Energy, a 2-wheeler electric-vehicle startup featured on the Change Started Green Startups inaugural edition, made its market debut. Ather’s IPO listing marked a pivotal moment in India’s green innovation journey.
The achievements of green and climate startups in India highlight the evolving ecosystem and their commitment to developing products and services that reduce carbon emissions, mitigate environmental damage, and help build a sustainable future.
Let us look at 11 Indian Green Startups of 2025 working on environmental sustainability and with strong future potential.
Amwoodo
Founders: Agni Mitra, Sourav Dey, and Avijit Rajak
Kolkata-based Amwoodo specialises in sustainable bamboo products as plastic alternatives across personal care, home essentials, and construction materials.
Founded in 2018, the company manufactures over 200 eco-friendly items, including bamboo toothbrushes, combs, razors, slippers, sanitary bags, towels, utensils, and aviation kits, under the sub-brands Dencrus (oral care), IMECO (lifestyle), Shaveco (grooming), and Ecoconscious (marketplace).
Bamboo products are highly relevant today due to their rapid renewal, low environmental impact, and versatility as sustainable alternatives to plastics, timber, and metals amid global efforts to advance circular economies.
This shift has spurred the rise of bamboo-based startups, driven by growing demand for sustainable alternatives and supportive government policies. The National Bamboo Mission supports rural livelihoods and employs artisans in furniture, wellness, and construction.
Amwoodo sources from northeastern states, one of India’s most significant bamboo-producing regions, and empowers rural communities, with more than 500 farmers and artisans working in its network.
It serves B2B clients such as Taj Hotels, Himalaya, and airlines (Emirates, KLM), as well as B2C and B2G projects with NHAI and state governments.
In September 2025, the bamboo products startup raised US$4 million (~Rs 34 crores) in Pre-Series A funding led by Rainmatter.
Aukera
Founders: Lisa Mukhedkar and Kumar Saurabh
Bangalore-based Aukera is a lab-grown diamond jewellery brand, specialising in contemporary classic designs like bridal collections, earrings, and high jewellery.
Unlike other lab-grown jewellery startups, Aukera started its operations with an offline store in Bengaluru. Now it does business through online channels and more than a dozen company-owned retail outlets.
What stands out about Aukera, compared to other Indian lab-grown brands, is Lisa Mukhedkar, the company’s founder and CEO.
Lisa carries extensive experience in the jewellery industry. She has earlier worked in the platinum jewellery segment, where she lobbied for policy changes and built retail networks.
As consumers prioritise sustainability, ethics, and value, environment-friendly lab-grown diamonds are gaining popularity among eco-conscious consumers. Furthermore, its affordability (40-50% cheaper) appeals to value-conscious buyers shifting from milestone purchases to everyday luxury.
Growing adoption and existing infrastructure position India as a global hub for lab-grown diamonds, reshaping the luxury market through greater accessibility.
In the middle of this year, Aukera raised $20 million in total funding, with the $15 million last round led by Peak XV Partners, which it expects will help it scale into a Rs 1000 crore brand over the next 5 to 7 years.
BatX Energies
Founders: Utkarsh Singh and Vikrant Singh
Gurugram-based BatX Energies is a cleantech startup specialising in lithium-ion battery recycling using proprietary “Zero Waste-Zero Emission” hydrometallurgical technology.
Founded in 2020 by brothers, the company recovers critical metals such as lithium, cobalt, nickel, and manganese from end-of-life electric vehicle (EV) batteries. Its dual-mode (wet and dry) black mass recovery technology delivers high separation efficiency and recovery rates of 97–99%.
With seven patents filed (including two granted), the end-to-end process, including collection, shredding, metal leaching, and downstream purification, is indigenously developed.
Operating a facility in Uttar Pradesh with an annual capacity of over 5,000 MT, it also develops second-life applications for partially used batteries in renewable storage.
Battery recycling in India is essential to manage surging EV waste, secure critical minerals, and build a circular economy amid rapid electrification targets. BatX Energies reduces India’s dependence on imports of rare minerals and enables circular supply chains.
In June 2025, it received government funding to commercialise an indigenous, sustainable battery recycling process.
It also entered into a partnership with global EV manufacturer VinFast to provide high-voltage battery recycling, material recovery, and repurposing services for VinFast’s India factory.
Chakr Innovation
Founder: Kushagra Srivastava
Gurugram-based Chakr Innovation is a cleantech startup specialising in emission-control technologies for diesel generators to combat air pollution.
Founded in 2016 by IIT Delhi graduates, the company addresses diesel generator soot by converting emissions into valuable products. The flagship Chakr Shield is a retrofit emission-control device that reduces particulate matter, hydrocarbons, and carbon monoxide by more than 80%.
Controlling emissions from diesel generators is essential in India, given their significant contribution to urban air pollution, public health crises, and climate goals amid frequent power outages.
Chakr Innovation has over 5,000 installations and 2,000 customers, and claims to have reduced CO₂e emissions by more than 2.5 million tonnes. Its customers include IOCL, GAIL, Havells, Honeywell, L&T, Eicher, HPC, ITC, Tata, and others.
The company has also developed an IoT-based monitoring solution that transforms traditional diesel generators into smart devices, helping businesses manage rising fuel costs, unplanned breakdowns, compliance requirements and sustainability goals.
The startup is also developing aluminium-air battery technology, offering an alternative to lithium-ion solutions. An aluminium-air battery also lasts 3–4 times longer than a lithium-ion battery.
In September 2025, the startup raised US$23 million (approximately Rs 193.5 crore) in its Series C round, led by Iron Pillar, which it plans to use to expand manufacturing capacity, drive international growth, and strengthen backward integration.
EcoEx
Founders: Nimit Aggarwal and Akshaya Rath
New Delhi-based cleantech startup EcoEx offers a digital marketplace and compliance platform for sustainable waste management. It helps businesses manage, trace, and recycle their waste streams, notably plastics, e-waste, tyres, batteries, and used oil.
Founded in 2018, the company offers EPR (Extended Producer Responsibility) compliance automation, credit exchanges, and consulting services for recycling projects, including waste-to-energy and waste-to-oil plants.
In waste management, the cleantech startup helps organisations by trading credits and issuing Plastic Credit Certificates, as required under the Plastic Waste Management Rules.
EcoEx has onboarded over 3,000 recyclers nationwide, facilitating traceable resource recovery and ESG-aligned solutions. It has enabled sales of plastic credits for over 50,000 tonnes of waste.
As the country generates over 62 million tonnes of waste annually, EcoEx helps India’s waste ecosystem by digitising EPR compliance, connecting stakeholders, and enabling traceable recycling.
In October 2025, EcoEx raised US$4 million (approximately Rs 35 crores) in a funding round co-led by Dovetail Global Fund PCC, Navbharat Investment Fund, and Narnolia Velox Fund.
The waste management startup plans to enhance technology, expand its waste commodity app, hire talent, and prepare for an IPO, targeting $20 million in transaction value by FY26.
Ecofy Finance
Founders: Rajashree Nambiar and Govind Sankaranarayanan
Mumbai-based Ecofy Finance is a non-banking financial company (NBFC) specialising in loans for sustainable assets, including electric vehicles (2- and 3-wheelers), rooftop solar panels, and energy-efficient SME projects.
Founded in 2022, the firm offers quick, digital, paperless financing with flexible instalments, buybacks, warranties, and insurance partnerships, targeting retail individuals and small enterprises across 17+ states to bridge the green finance gap.
Recently, the green finance company entered into a strategic partnership with Motovolt Mobility to provide end-to-end financing solutions for electric two-wheelers across retail and institutional segments.
As India’s green NBFC, Ecofy bridges the massive funding gap for the country’s net-zero goals by 2070 and 500 GW of renewables by 2030, channelling capital into EVs and solar.
Ecofy Finance overcomes barriers such as high upfront costs and collateral requirements for underserved individuals and small businesses to scale adoption where traditional finance lags.
In March 2025, Ecofy Finance secured a $12.5 million long-term loan from Denmark’s Investment Fund for Developing Countries to expand its loan portfolio for electric vehicles and rooftop solar systems.
EKA Mobility
Founder: Sudhir Mehta
Pune-based EKA Mobility is an electric vehicle manufacturer specialising in commercial vehicles, including buses, trucks, and small commercial vehicles, and is focused on sustainable transport solutions.
Founded in 2022 as a subsidiary of Pinnacle Industries, EKA produces more than 11 EV platforms, including 7-12-meter electric buses, luxury coaches, and heavy-duty trucks up to 55 tons.
Pune-headquartered EV company has manufacturing facilities in Koregaon Bhima and Pithampur.
This year, EKA has secured multiple rounds of funding, including Rs 200 crore (~$23 million) from ENAM Holdings and Rs 500 crore ($57 million) in a Series A round led by the NIIF India-Japan Fund.
One of the most significant developments for the company was securing the second-largest allocation of 3,485 electric buses in India’s PM E-DRIVE, a flagship scheme to accelerate EV adoption, with a ₹4,391 crore outlay supporting 14,028 electric buses.
This boosts EKA’s order book (already 3,000+ buses), reinforcing its position in public e-bus deployment starting in 2026 and aligning with national electrification goals.
HYDGEN
Founders: Dr Manipaddy Krishna Kumar, Dr Michael Gryseels, and Dr Goutam Dalapati
Mangalore-based deeptech startup HYDGEN specialises in decentralised green hydrogen electrolyser systems for on-site production.
Founded in 2021 as a spin-off from the National University of Singapore, focuses on decentralised hydrogen generation using proprietary Anion Exchange Membrane (AEM) and Proton Exchange Membrane (PEM) electrolysers, achieving 99.97% hydrogen purity without additional purification steps.
The company’s innovative AEM and PEM electrolysers are cost-effective, scalable, modular, and energy-efficient, supporting clean hydrogen production while eliminating transport and storage emissions.
HYDGEN’s electrolysers enable industries such as chemicals, refining, and mobility to generate hydrogen on demand with 90% lower CO2 emissions than grey hydrogen, 30-40% cost savings, modular scalability from 1kW to 250kW stacks, and a low CAPEX footprint.
India’s green hydrogen sector is rapidly expanding under the National Green Hydrogen Mission (NGHM), targeting 5 MMT of annual production by 2030 to decarbonise hard-to-abate industries, reduce fossil fuel imports, and create jobs.
HYDGEN’s electrolysers enable industries to generate high-purity green hydrogen using renewable energy, aligning with NGHM’s targets.
In October 2025, the company raised $5M in pre-Series A funding, led by Transition Venture Capital, to boost R&D, automation, a 20MW production facility, and commercial partnerships like Spectronik and SunKonnect.
Loom Solar
Founders: Amol Anand and Amod Anand
Faridabad-based Loom Solar is a renewable energy company that manufactures solar panels, inverters, lithium batteries, and complete systems for residential, commercial, agricultural, and utility-scale use.
Founded in 2018 by the Anand brothers, the company operates a manufacturing facility with 300MW of production capacity in Faridabad. In addition to its Indian presence, it has expanded into 10+ countries, including the USA, Saudi Arabia,
At the Renewable Energy India 2025 trade show, Loom Solar unveiled high-efficiency TOPCon and HJT solar modules rated up to 730 Wp, along with battery energy storage solutions with capacities from 1 kWh to 5 MWh.
The company also announced a 1.2 GW solar module facility in Uttar Pradesh for TOPCon and HJT production for homes, businesses, and industries.
Recently, it entered into the utility-scale solar sector projects in Tamil Nadu, Madhya Pradesh, Uttarakhand, and Rajasthan.
Loom Solar is a fast-growing player in India’s renewable energy landscape, bridging the residential rooftop market with emerging utility-scale projects amid the country’s 500 GW renewable energy target by 2030 and favourable policies.
Oben Electric
Founders: Madhumita Agrawal, Dinkar Agrawal, and Sagar Thakkar
Bengaluru-based Oben Electric is an electric motorcycle startup, focusing on high-performance EVs with in-house design and manufacturing.
Founded in 2020, the company offers models like Rorr and Rorr EZ on the ARX platform, featuring proprietary lithium batteries for safety and longevity, fast charging, ranges up to 175 km, and top speeds of 95 km/h.
Oben Electric has a manufacturing facility in Bengaluru that supports more than 20 showrooms across 14 cities in 7 states, with plans to expand to 100+ outlets and global reach.
India’s electric motorcycle market is transforming, driven by rising demand for sustainable mobility, policy support, falling battery costs, and the entry of startups and incumbents.
Despite motorcycles accounting for two-thirds of the Indian market, the adoption of electric models remains low, creating a significant opportunity for players like Oben Electric.
In December 2025, the electric motorcycle startup raised ₹85 crores ($9.4 million) in its Pre-Series B round. It plans to deploy the funds to expand its network, accelerate product development, strengthen in-house R&D, and enhance the overall customer experience.
Offgrid Energy Labs
Founders: Tejas Kusurkar, Rishi Srivastava, Brindan Tulachan, and Ankur Agarwal
Noida-based Offgrid Energy Labs is a cleantech startup specialising in advanced rechargeable zinc-based battery technology for sustainable energy storage.
Founded in 2018, the company develops IP-led zinc-carbon batteries that offer superior safety, performance, and cost benefits over lithium-ion alternatives, targeting stationary storage for renewables, microgrids, EVs, and utilities.
The importance of battery storage is surging globally and in India, driven by the intermittency of renewable energy, grid stability needs, and decarbonization targets.
However, lithium-ion batteries, which dominate the market, face import dependencies, price volatility, fire hazards, and mining impacts. At the same time, zinc-based options offer safer, more cost-effective, recyclable storage with a longer lifespan for stationary use in microgrids and renewable energy systems.
Furthermore, Offgrid Energy Labs specialises in ZincGel®, a patented zinc-bromide platform that delivers up to 40–50% lower emissions than conventional lithium-ion batteries.
In September 2025, Offgrid Energy Labs raised $15M in funding to scale production and partnerships, positioning zinc as a lithium-optional solution for India’s clean energy needs.
Wrapping Up
Climate change is one of the biggest challenges humanity faces. Green startups in India are playing a vital role in solving these problems, both domestically and globally.
The innovators behind the startups are showing us that anyone can be part of the climate solution.
Selection Methodology
The methodology that went behind the selection of these 11 Green Startups.
As you can imagine, selecting 11 Indian Green Startups working on climate solutions is exceptionally challenging.
The scale of India’s young and passionate climateprenurs’ response to the global climate crisis is extraordinary, and the sheer number of environmental startups makes it difficult to select 11.
The main criteria were to ensure the list was exhaustive and to cover startups across various sectors. We also pick only startups started in the last 10 years.
As we do every year, the aim was not to populate the list with startups from a single sector. As everyone knows, sustainable mobility is a key driver of our fight against climate change. That means the number of EV-related startups is also high. This is true not just in India but across the globe.
In addition, EV companies face higher funding requirements than some other green companies, which makes them more likely to attract news headlines. We picked only 2 EV startups.
For the first time, we have selected a startup that manufactures electric buses and trucks. Similarly, for the first time, a green NBFC and a lab-grown diamond startup made their debut on this year’s edition of the Change Started Green Startups.
We spent weeks analysing these green startups, reviewing key publicly available metrics, such as business growth, funding, awards, and long-term potential to address environmental challenges.
Read our previous editions of Green Startups.
Change Started 11 Indian Green Startups of 2024. Read here
Change Started 11 Indian Green Startups of 2023. Read here
Change Started 11 Indian Green Startups of 2022. Read here
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