The company said it hopes to increase its focus on connecting more entrepreneurs in EVs, climate-tech and more. green technology Solutions with equity-free funding options. Founded in 2019 by Bhavik Vasa and Amit Srivastava, GetVantage has a portfolio of over 400 new-age businesses, while diversifying into more sectors including B2B SaaS and cleantech this year.
“We are seeing a paradigm shift as consumers make better choices and reduce their carbon footprint. We firmly believe that 2023 will be the year of success for cleantech businesses. Hundreds of entrepreneurs are working towards a more sustainable future for all,” said Vasa. In our quest to create the future, we are designing the future of sustainable urban mobility.
According to the International Energy Agency, the global market size for cleantech will grow from $122 billion in 2022 to $870 billion by 2030, as more consumers transition to sustainable solutions.
India’s first all-electric shared smart mobility platform BlueSmart raises $25 million in Series A round BP Ventures In the past.
ChargeZone is a tech-driven EV charging infrastructure that enables unmanned EV charging experiences, while eMotorrad is an electric vehicle company that facilitates the e-bikes of the future. Biofuel is an online marketplace that facilitates the buying and selling of green fuel, and Verve Renewables collects and converts farm stubble into electricity.
All of these companies have raised money from GetVantage through revenue-based financing because it allows them to access the growth capital they need without diluting equity. “With all the talk about the funding winter, it was incredibly refreshing to secure funding through a GetVantage platform that was quick, frictionless and hassle-free,” said Puneet Goyal, Co-Founder, BlueSmart.
GetVantage said it is on track to grow its capital gateway and marketplace 20x in 2023.