Tata Capital Limited has partnered with the Green Climate Fund (GCF) under the newly approved BEACON INDIA Programme to support early-stage climate-tech start-ups in India.
The collaboration includes a USD15.85 million revolving facility and a USD3 million grant from GCF, with Tata Capital contributing an additional USD47.6 million. It was implemented in partnership with SIDBI and TREC-STEP, the initiative aims to enhance access to affordable finance for climate ventures. The revolving facility will enable reinvestment of repaid funds into new start-ups, promoting long-term sustainability. The programme is expected to help reduce over 1.1 million tonnes of CO2 emissions.