This Is Where Climate Tech Meets Global Venture Capital
One of the world's biggest greenhouse gas emitters is trying to clean up. Global venture capitalists looking to put their money to work should keep an eye on it. Drive through the streets of New Delhi and its surrounds and the Indian capital is abuzz with activity. Rusty metal signs that tout “Electric Charging” stand out, along with stations that power electric two-and-three wheelers. Startups building technology to drive greening and sustainability are hustling for funding. Corporate activity is chugging along, while capital expenditure has risen sharply in recent months and rail freight volumes have reached record highs. India's biggest companies — including the likes of Wipro Ltd., UltraTech Cement Ltd. and Reliance Industries — are increasingly talking to their shareholders about sustainability. Private capital is looking to back climate change-related technology, too: Of the almost $27 billion of such investments globally in the first half of this year, close to $2 b...