Indian Cleantech Startups Raise $433 Mn In Q3 2026

Indian cleantech startups raised $433 Mn across 23 deals in Q3 2026, up from $118 Mn across 16 deals a year earlier. Three EV rounds — River ($120 Mn), Yulu ($93 Mn) and Ultraviolette ($85 Mn) — accounted for nearly 69% of the total.

• Total funding rose to $433 Mn from $118 Mn a year earlier
• River, Yulu and Ultraviolette raised $298 Mn, or 69% of the total
• Average cheque size grew to about $19 Mn from $7 Mn
• EVs made up 57% of deals; September EV registrations rose 64.6% YoY