Renewable energy services startup GreenTech has raised ₹30 crore in its first institutional funding round, led by climate-focused investor Transition VC. The mixed equity-debt infusion will accelerate GreenTech’s expansion in India’s wind O&M market and support selective international forays into regions with ageing wind assets.
Company background and service offerings
Founded in 2018, GreenTech provides operations and maintenance (O&M) services for wind turbines, delivering end-to-end solutions to improve turbine performance and extend asset life. The company has developed capabilities in predictive and preventive maintenance, corrective repairs, large-component replacements, SCADA modernisation, blade inspections and in-house repairs covering mechanical, electrical and electronic systems.
Until this round, GreenTech’s growth was financed largely through internal accruals and project-based revenues. The new capital marks its transition to institutional backing and aims to fund a shift from reactive servicing to technology-led, scalable offerings.
Technology-led growth and capacity expansion
A significant portion of the ₹30 crore will be invested in the company’s technology platform. GreenTech is developing advanced data analytics, artificial intelligence and machine-learning tools for enhanced predictive maintenance and real-time performance monitoring of wind assets.
By identifying likely equipment failures early and optimising operational parameters, these tools are intended to reduce downtime and lower lifecycle maintenance costs for asset owners. The funding will also be used to expand service hubs, increase availability of critical spare parts and strengthen the field workforce to handle larger turbine fleets.
Market strategy and international plans
While India remains GreenTech’s primary market, the company plans selective expansion into Southeast Asia and North Africa, where a growing number of ageing wind projects are creating demand for independent O&M providers. GreenTech positions itself as a neutral service partner able to manage multi-brand turbine portfolios—an increasingly common requirement for developers and investors moving past OEM warranty periods.
Operational efficiency is becoming as important as fresh capacity additions in India’s renewable push. Improved maintenance and performance optimisation directly influence power generation and revenue realisation, creating opportunities for specialist service providers that combine engineering expertise with digital insights.
Founder perspective and strategic priorities
Founder Daniel Raj said the funding will enable faster scaling while sustaining investments in innovation. He highlighted intelligent monitoring and predictive analytics as key to changing how wind assets are managed across their lifecycle.
GreenTech plans to broaden its service portfolio, enhance its analytics engines, form strategic partnerships across the renewable value chain and invest in talent and training to maintain service quality as operations scale.
Implications for India’s renewable services ecosystem
The investment underscores rising investor interest in companies that address operational gaps beyond power generation. As India pursues ambitious clean energy targets, firms that improve asset reliability, efficiency and longevity will be critical to maximising returns from installed capacity.
With backing from Transition VC and fresh capital, GreenTech aims to scale operations, sharpen its technology advantage and contribute to the maturation of wind O&M services in India and other emerging markets.
