Companies

Climate funding: Why PSUs are stepping in where VCs fear to tread

January 18, 2026

Long Story Climate funding: Why PSUs are stepping in where VCs fear to tread Sakshi Sadashiv 10 min read 18 Jan 2026, 05:08 pm IST For shipyards, utilities and global asset managers alike, climate technology is no longer an abstract ESG theme but a hedge against operational, regulatory and market risk. Summary Shipyards, gas utilities, global asset managers are reshaping India’s climate-tech funding. While venture capital steers clear, these legacy institutions and overseas investors are backing long-gestation technologies—from marine coatings to EV infrastructure to carbon removal—with patient capital.

Credit: Livemint

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Subscribe now New Delhi: Neiox Eco Cycle isn’t the sort of startup you read about every day.
It isn’t solving for fashion, food or grocery delivery.
Rather, it is in the business of ship hulls—specifically, it is developing carbon-negative, non-toxic marine coatings for the undersides of marine vessels.

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Climate funding: Why PSUs are stepping in where VCs fear to tread

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Climate funding: Why PSUs are stepping in where VCs fear to tread

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