cleantech: JPIN launches CleanTech pitch day with collective fundraise quantum of $50 million

An ever-growing need for renewable sources of energy has birthed new technologies, paving way for an increased momentum in cleantech investments. With its adoption inclining more towards mainstream and large-scale usage, investments in ESG, Impact, Clean & Green tech have witnessed an upsurge. To support this sector’s expansion and growth and global transition, JPIN, organized a sector focussed pitch day on CleanTech for a sustainable tomorrow. The event served as a platform for Cleantech companies to gain access and forge significant connections with venture capital networks. to scale their businesses to global levels.

The Pitch Day hosted close to 40 investors from across the globe who were presented with 12 seed to Series A CleanTech deals – six from India and six from across the globe – with a total valuation of over $250 million. Alongside industry players and VCs such as Cambridge Cleantech and the UK government initiatives such Act4Green II, over 200 applications were shortlisted through competition, due diligence, and assessment. Backed by venture funds and with a global clientele, these companies came in with a pre-commitment to the tune of $17 million prior to the pitch day. With co-investments from leading oil and gas companies of United Kingdom and United States, JPIN aims to raise a fund of USD 50 Mn through this pitch day.

Commenting on the event, Nayan Gala, Founder, JPIN, said, “Sustainability is becoming a key priority for corporates around the world. Curated to support and create a portfolio of companies that have a focus on CleanTech, GreenTech and ClimateTech, this pitch day is a testament of JPIN’s commitment towards ESG and Impact investing.”

“There is a growing need to preserve whatever is left of our precious planet and every single individual plays a key role in improving the world collectively. At JPIN, we are committed to the importance of creating a robust ecosystem of green and cleantech innovation. This pitch day was aimed at promoting the need to invest today for a sustainable tomorrow, presenting opportunities for start-ups/corporates and investors alike,” said Gaurav Singh, Founder, JPIN in a statement.

With an aim to create a superhighway for small companies, JPIN regularly hosts sector and geography agnostic Global Investor Meets designed to connect ambitious founders with pioneering investors and businesses that need a timely injection of capital with investors looking for sustained and consistent potential. Their evaluation process on-boards businesses with a potential to be global giants backed by JPIN, thus providing investors access to high quality investment deals. JPIN has successfully hosted eight Global Investor Meets since 2020 and starting 2021, similar to CleanTech, it will be identifying key and growth potential sectors that will shape the future.