VC fund (Cat II) · SEBI registry
EverSource Climate Investment Partners
Growth (Series C+) · Climate & Clean energy · Mumbai
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- Climate & Clean energy
- City
- Mumbai
- HQ / office
- Mumbai, Maharashtra (One World Center, Senapati Bapat Marg, Elphinstone Road)
- Fund registered
- 2024
- Investments on record
- 6
- Corpus (as reported)
- First fund (Green Growth Equity Fund) closed at USD 741 million in Dec 2021 — then the largest single-country climate fund in emerging markets; second fund (Eversource Climate Investment Partners II) targeting ~USD 900 million (2023). Everstone Group overall ~USD 7 billion AUM.
- Website
- eversourcecapital.com/
- Profile ↗
About
India's largest dedicated climate-impact fund manager, managed by Eversource Capital — a joint venture between the Everstone Group and Lightsource bp, founded 2018 and headquartered in Mumbai. The registered SEBI email (nishithdesai.com) is the fund's external legal counsel, not the firm's own address.
Investment focus
Control / growth equity in climate and sustainable-infrastructure operating platforms: renewable energy, electric mobility, energy transition (grid efficiency/storage), resource efficiency (water and waste management), circular economy, green financial services and sustainable agri.
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/24-25/1553
SIDBI Fund of Funds
Yes — government/DFI-anchored. Flagship Green Growth Equity Fund (GGEF, USD 741M final close) is anchored by NIIF (Govt of India-backed National Investment and Infrastructure Fund) and the UK Govt's FCDO (committed >GBP 240M as anchor capital). Fund II backed by US DFC (PIS disclosure). Not SIDBI FFS. Sources: dealstreetasia.com/stories/eversource-green-growth-equity-278073; devtracker.fcdo.gov.uk programme GB-GOV-1-300418; dfc.gov PIS
Notable portfolio
Ayana Renewable Power; GreenCell Mobility; Radiance Renewables; EverEnviro Resource Management; Ecofy; Lithium Urban Technologies
Team & organisation
~11 senior investment professionals plus 6 governance/leadership members (~17 named team; 8 advisors)
Category II AIF; managed by Eversource Capital (Eversource Capital Pte. Ltd.), a JV between Everstone Group and Lightsource bp; multi-fund (GGEF / Eversource Climate Investment Partners II)
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Frequently asked
- What does EverSource Climate Investment Partners invest in?
- Control / growth equity in climate and sustainable-infrastructure operating platforms: renewable energy, electric mobility, energy transition (grid efficiency/storage), resource efficiency (water and waste management), circular economy, green financial services and sustainable agri.
- How do I pitch EverSource Climate Investment Partners through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ infra/climate growth-equity fund (not early-stage startup VC); managed by Eversource Capital JV (Everstone + Lightsource bp)
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://eversourcecapital.com/team/; https://www.dealstreetasia.com/stories/eversource-green-growth-equity-278073