JPIN hosts a CleanTech pitch day with total fundraising of $50 million
- ByStartupStory | March 26, 2022
An ever-increasing demand for renewable energy sources has spawned new technologies, paving the door for a surge in cleantech investments. Investments in ESG, Impact, Clean & Green-tech have increased as their adoption has shifted more towards popular and large-scale use. JPIN held a CleanTech for a Sustainable Tomorrow pitch day to assist the sector’s expansion and growth as well as the worldwide transition. The event provided a venue for Cleantech startups to gain access to venture capital networks and establish major connections, allowing them to develop their enterprises to global levels.
Nearly 40 investors from across the world attended the Pitch Day, which included 12 seed to Series A CleanTech deals, six from India and six from around the world, with a total valuation of more than $250 million. Over 200 applications were shortlisted through competition, due investigation, and assessment, alongside industry leaders and VCs such as Cambridge Cleantech and UK government programs such as Act4Green II. These companies came in with a $17 million pre-commitment prior to the pitch day, backed by venture investors and with a global clientele. JPIN hopes to raise a fund of USD 50 million through this pitch day, including co-investments from top oil and gas firms in the United Kingdom and the United States.
JPIN holds industry and geography agnostic Global Investor Meet on a monthly basis with the goal of connecting ambitious founders with pioneering investors and businesses in need of a fast infusion of money with investors seeking sustainable and consistent potential. Their evaluation method brings businesses on board that have the potential to become global giants and are backed by JPIN, giving investors access to high-quality investment opportunities. Since 2020, JPIN has successfully organized eight Global Investor Meets, and beginning in 2021, it will be identifying critical and growth potential areas that will impact the future, similar to CleanTech.
JPIN is based in London and works in India, Africa, Latin America, Israel, Singapore, the CIS, the United States, and Europe. Its investment base includes approximately 2000 ultra-high-net-worth individuals (UHNIs) and global family offices. Since 2020, the platform claimed to have hosted eight global investor meetings, and in 2021, it began identifying critical and growth-potential areas that will impact the future, comparable to cleantech.
In November of last year, Chakr Innovation, a manufacturer of emission-control devices, received an undisclosed sum in a Series B investment from Neev Fund II, a fund managed by SBICap Ventures. Energy efficiency business Smart Joules raised $4.9 million (Rs 36 crore) in a Series A fundraising round from Raintree Family Office and others in April last year.
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