VC fund (Cat II) · SEBI registry
Green Growth Equity Fund
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 (manager Eversource Capital, One World Center, Senapati Bapat Marg); SEBI-registered address in Defence Colony, New Delhi (Nishith Desai Associates, fund counsel)
- Fund registered
- 2018
- Investments on record
- 5
- Corpus (as reported)
- USD 741 million final close (2022)
- Website
- eversourcecapital.com/
- Profile ↗
About
Green Growth Equity Fund (GGEF) is India's largest climate-impact fund, managed by Eversource Capital — a JV between Everstone Capital and Lightsource bp — anchored by India's NIIF and the UK's FCDO. It invests in scalable green-infrastructure platforms.
Investment focus
Growth/control-stage climate-impact investing across renewable energy, e-mobility, resource efficiency and green financial services in India
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/18-19/0529
SIDBI Fund of Funds
Yes — anchored by Government capital: National Investment and Infrastructure Fund (NIIF, GoI-backed) and the UK Government (FCDO/DFID) each committed ~GBP 120m of anchor capital; further DFI LPs include Triodos, FMO and US DFC. (Not SIDBI specifically.)
Notable portfolio
Ayana Renewable Power; Radiance Renewables; GreenCell Mobility; EverEnviro; Ecofy
Team & organisation
SEBI Category II AIF managed by Eversource Capital (manager), a JV between Everstone Group and Lightsource bp; India's largest climate-impact PE fund, single-strategy (climate/sustainable infrastructure).
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Frequently asked
- What does Green Growth Equity Fund invest in?
- Growth/control-stage climate-impact investing across renewable energy, e-mobility, resource efficiency and green financial services in India
- How do I pitch Green Growth Equity Fund 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
- ⚑ PE / climate-infrastructure growth fund (control/owner-operator, not early-stage startup VC); SEBI registry email/address point to fund counsel Nishith Desai Associates, not the manager
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/; https://www.gov.uk/government/news/uk-commits-over-150-million-to-power-indias-energy-ambitions