V&S Propel - Capital Call
STRATOS VC
(Registered as a SEBI Category I AIF – Venture Capital Fund)
Investing in the Next Era of Clean Energy
Disclaimer
This research study contains the work-product of the authors listed, and the information in this report is on the basis of publicly available
information; internal data and other sources believed to be true and are for general guidance only but which may not have been verified
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and assumes no liability for any error/omission or accuracy of the information. Recipients of this material should rely on their own judgments
and conclusions from relevant sources before making any decision. In case there are some due citations missing, corrections will be made upon
bringing this to the authors’ notice.
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None can use the report as a base for any claim, demand or cause of action and, also none is responsible for any loss incurred based upon. Views
are not binding on any authority, regulatory or court and hence no assurance is given that any contrary provision to the views expressed herein
will not be asserted by any regulatory authority or sustained by any court of law.
This study does not purport to provide comprehensive information on any topic therein. This is a strategy document intended to serve as a
discussion guide, and not a legal document.
This document does not intend to attract or invite investments in any securities, equities, or species thereof. Opinion, projections and estimates
are subject to change without notice.
All rights reserved. Vasavi Rani
All disputes to be resolved in courts in the jurisdiction of Bengaluru, India.
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Meet Our Internal Team!
Managing Partner Partner
Nishi Rishi
Co-founder of GreenTech Innovations, a leading Founder of SolarGrid Solutions, a decentralized
cleantech startup specializing in energy storage solar energy platform empowering rural
solutions electrification
Successfully scaled operations across 3 Recognized in Forbes 30 Under 30 – Energy for
countries, securing major partnerships with EV innovation in sustainable infrastructure
and renewable energy firms Achieved 5x revenue growth in 3 years, leading to
Vasavi Rani
Led the company to a $150M acquisition by a a $200M valuation at exit
global energy conglomerate in 2022
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Meet Our Internal Team!
Vice President Associate Analyst
Vasavi Rani Sameer
Investment Leadership Market Insights Data-Driven Decision Making
Driving strategic Specializing in research Leveraging analytics to
investments in clean and due diligence, assess investment
energy startups, with identifying high- opportunities, focusing
expertise in financial potential clean tech on climate tech
Rakshitha
structuring and solutions and emerging
Rakshitha innovations and energy
sustainable growth trends in renewable transition strategies.
strategies. energy.
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Meet Our External Advisors! 13
Ali Akber Ronak Golecha
President, IESA Director, Energy Finance
Energy Storage and Renewable Integration Expertise – Brings Policy and Regulatory Guidance – Helps startups navigate
deep knowledge of India’s energy storage ecosystem, helping government regulations on clean energy, carbon markets,
portfolio companies navigate opportunities in battery tech and and digital sustainability, ensuring compliance and long-
grid storage term viability
Market Expansion and Scaling Support – Assists startups in Funding and Investment Strategy – Brings insights on
integrating with large-scale industrial supply chains, capital deployment trends in green finance, helping startups
particularly in EV infrastructure, renewable power, and clean position themselves for VC, PE, and institutional funding
energy solutions
Mentorship for Founders – Guides entrepreneurs on scaling
Deal Flow and Partnerships – Helps identify high-potential technology solutions, product-market fit, and innovation in
cleantech startups and facilitates connections with leading the energy and sustainability sectors
industry players in the storage and hydrogen sectors
www.stratosvc.com STRATOS VC
Renewable Energy Target Investment Needs
500 GW by 2030 $300 Billion by 2032
Economic Impact Net-Zero Goal Market Valuation
$13T Low-Carbon Economy Target: 2070
(By 2050) (Pledged at COP26) $37B by 2030
Source: Economic Times and INC 42 STRATOS VC
Key levers that can get us to Net Zero
Source: IEA, Net Zero Emissions by 2050; BCG CEI Analysis
The Energy Deficit : Market Opportunity
Future Growth Potential
World Average: 3,686 kWh (~2.6x India)
China: 6,635 kWh (~5x India)
USA: 12,497 kWh (~9x India)
India's power consumption is expected
to double by 2040, but still lags behind
developed nations
Growth driven by industrialization,
electrification of transport, and
increasing energy demand.
Source: Statista STRATOS VC
The Energy Transition : Shift Towards Renewables
FY 2030 Projections
(462 GW to 849 GW):
Renewable Energy and
Hydro: 60% (507 GW)
Thermal: 38% (327 GW)
Nuclear: 2% (15 GW)
Source: Endeavor Insight Report on Clean Energy STRATOS VC
Unlocking the Battery Boom: A $27.70 Billion
Opportunity
Battery Demand projections over the decade
The cumulative demand over 2027-2032 is expected to reach 1,710 GWh
4x Increase
Source: IESA Report STRATOS VC
Powering the Future: India's EV Market Set for
Explosive Growth
Massive Market Expansion: India's EV sector is expected to witness rapid growth, with 2W EV sales
reaching ~12M by 2030 and 3W and 4W passenger EVs crossing 160K and 400K units respectively
Investment Hotspot: Favorable government policies, advancing battery tech, and increasing EV
adoption present a multi-billion-dollar investment opportunity
Source: IESA Report STRATOS VC
Watch Sector - HYDROGEN
Market Outlook Investment and Roadblocks to Growth
Infrastructure Needs
India’s green hydrogen market $20B required for just 1 Policy-Driven Ecosystem
projected at $8B by 2030 → million tons of hydrogen. Storage and Logistics
$340B by 2050. Electrolysers are the Hurdles
Major industrial players fastest-growing tech but Very High Capital Needs
(Reliance, Adani, Tata) expected demand huge upfront
to own 60–70% of the value capital.
chain. India’s goal: 50 GW
$80–100B in investment electrolyser capacity for a
commitments already planned 5M ton production target
for the next decade. by 2030.
Source: Indus Valley Report STRATOS VC
Perfect Time to Invest! - Why?
India is at a turning point in energy
transformation, backed by policy, capital inflow,
and technological advancements.
The renewable sector is expected to attract
$500 billion+ investment by 2030.
Early investors can capitalize on high-growth
startups solving the energy crisis.
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Economics (Terms)
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Fund Allocation
Target Investor Classes
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Missed Opportunities
We missed some great investment opportunities because we never had a fund
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Scalable Innovations
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Liquidity (Exit Scenarios)
Projected Returns*
Disclaimer: These figures are estimates and subject to change based on company performance and market
conditions. Past performance does not guarantee future results
*Returns are net of management and operating fees STRATOS VC
Conclusion
The next decade will be pivotal for India’s energy landscape. With power demand set
to skyrocket and renewable energy at the forefront, investing in startups that enable
this transition presents a generational opportunity.
Investment Thesis:
Near-Term Focus: EVs, solar, wind, and battery storage (more favorable cost
structures & market momentum).
Hydrogen is a long-term bet, expected to scale post-2030, making it a watch sector for
later investments.
If momentum builds, a follow-on fund or dedicated hydrogen investment could be
launched in the future.
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THANK
YOU!
+91-95765-98756 investments@stratos.in
https://www.stratosvc.com
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