Tata Capital Secures USD 16 Million GCF Fund to Boost India’s Green Start-up Ecosystem

Mumbai : Tata Capital Limited (TCL), the flagship financial services arm of the Tata Group, has partnered with the Green Climate Fund (GCF) under its BEACON INDIA Programme to support early-stage climate-tech start-ups across India. Implemented in collaboration with SIDBI and TREC-STEP, the initiative will provide a USD 15.85 million revolving facility and an additional USD 3 million grant from GCF to make financing more accessible for green ventures.

Tata Capital will also invest USD 47.6 million of its own funds, reinforcing its commitment to India’s climate innovation ecosystem. The revolving fund will enable continuous reinvestment as start-ups repay their loans, ensuring long-term sustainability. The initiative is projected to cut 1.1 million tonnes of CO₂ emissions and benefit 2.9 million people through climate adaptation and mitigation measures.

Rajiv Sabharwal, Managing Director & CEO of Tata Capital, said, “Tata Capital remains deeply committed to building a sustainable future. Our collaboration with GCF will empower climate-focused entrepreneurs to scale their innovations and create meaningful impact for both people and the planet.”

This partnership marks another milestone in Tata Capital’s journey as a leader in climate and green financing. After becoming the first private sector company in India to collaborate with GCF in 2019 for rooftop solar financing, Tata Capital now becomes the first Indian entity to collaborate with the GCF on two distinct climate programmes.