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EV Bets Drive India’s Cleantech Funding Surge In Q3
First reported Source: Inc42Last editorial activity
What happened
According to Inc42’s Indian Tech Startup Funding Report, Q3 2026 , cleantech startups raised $433 Mn across 23 deals, compared with $118 Mn across 16 deals in the year-ago quarter. The report tracks funding announced up to September 24.
India’s cleantech startups attracted substantially more capital in Q3 2026, with large electric mobility rounds driving funding growth alongside an increase in deal activity. The increase stood out against a subdued funding environment.
Overall startup funding rose just 5% YoY to $2.2 Bn, while funding for fintech and ecommerce startups declined 11% and 31%, respectively. However, the cleantech funding surge was heavily concentrated in electric mobility.
Key facts
- The report tracks funding — announced: up to September 24
Sources & evidence
- Inc42 Reporting source
EV Bets Drive India’s Cleantech Funding Surge In Q3 ↗
https://inc42.com/buzz/ev-bets-drive-indias-cleantech-funding-surge-in-q3/