Tata Capital Secures $16 Million Green Climate Fund to Boost India’s Climate-Tech Startup Ecosystem

Receives Additional $3 Million Grant under GCF’s BEACON INDIA Programme to Support Early-Stage Climate Ventures

Tata Capital Limited (TCL), the flagship financial services arm of the Tata Group, has announced its partnership with the Green Climate Fund (GCF) under the newly approved BEACON INDIA Programme, aimed at supporting early-stage climate-tech start-ups across India. The programme is being implemented in collaboration with the Small Industries Development Bank of India (SIDBI) and TREC-STEP, an innovation and entrepreneurship development organisation.

Under this partnership, Tata Capital will receive a first-of-its-kind revolving facility of $15.85 million from the GCF, alongside an additional $3 million grant to make financing more accessible and affordable for climate-focused start-ups. The revolving structure ensures that as start-ups repay their loans, Tata Capital reinvests the funds to back new ventures, thereby creating a sustainable, long-term support mechanism for India’s green innovation ecosystem.

Additionally, Tata Capital will contribute $47.6 million of its own funds, reinforcing its commitment to building India’s climate innovation landscape. The initiative is expected to reduce over 1.1 million tonnes of CO₂ emissions and benefit around 2.9 million people through climate adaptation and mitigation projects.

Rajiv Sabharwal, Managing Director & CEO of Tata Capital Limited, said, “Tata Capital has always been committed to green initiative for a sustainable future. Our association with Green Climate Fund to strengthen India’s climate innovation network is another step in that direction. Through this programme, we aim to help emerging entrepreneurs scale their green technologies and make a measurable difference to people and the planet.”

This partnership marks a significant milestone in Tata Capital’s leadership in green and climate financing. After becoming the first private sector company in India to collaborate with the GCF in 2019 for rooftop solar financing, Tata Capital now stands as the first Indian entity to partner with GCF on two distinct climate programmes. The achievement underscores its commitment to driving sustainable growth and supporting India’s transition to a low-carbon economy.