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Promethean Energy has raised USD 2 million in a Pre-Series A funding round led by Transition VC to advance industrial decarbonisation by expanding its product portfolio and scaling operations.

PRIVATEMay 22, 2025

Amount Raised

$2 Million

Round Type

Pre-Series A

ThaneEnergyRenewable Energy

Investors

Sangam VentureSagana CapitalFondation BotnarTransition VC

Description

Promethean Energy, a CleanTech startup based in Mumbai, has raised USD 2 million to enhance its industrial decarbonisation efforts. The funding will support the expansion of its product portfolio and operations across India and Southeast Asia. The round was led by Transition VC with additional contributions from Sangam Venture, Sagana Capital, and Fondation Botnar. Founded in 2014, Promethean develops advanced industrial heat pumps and waste heat recovery systems.

Quick answer

Promethean Energy raised $2 Million in a Pre-Series A round, dated May 22, 2025. Investors: Sangam Venture, Sagana Capital, Fondation Botnar and Transition VC. Promethean Energy is based in Thane, Maharashtra, India.

How much did Promethean Energy raise?
Promethean Energy raised $2 Million in a Pre-Series A round on May 22, 2025.
Who invested in Promethean Energy?
Sangam Venture, Sagana Capital, Fondation Botnar and Transition VC are named as investors in this round.
What does Promethean Energy do?
Promethean Energy is a CleanTech startup founded in 2014 that specializes in industrial decarbonisation.
Where is Promethean Energy based and how big is it?
Promethean Energy is based in Thane, Maharashtra, India.
Who are the decision-makers at Promethean Energy?
Fundz holds 1 contact at Promethean Energy. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Promethean Energy that raised within 45 days of this round, from Fundz verified event records.

  • RheEnergise raised $2.9M (Grant) on July 4, 2025.
  • BM2Solar raised $2.4M (Series A) on July 4, 2025.
  • Sparc Hydrogen raised $2M (Seed) on July 4, 2025.
  • Solarock raised $8.2M (Funding Round) on July 3, 2025.
  • Dexter Energy raised $27M (Series C) on July 3, 2025.
  • avoltra raised $2.7M (Pre-Seed) on July 2, 2025.

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Company Information

Company

Promethean Energy

Location

Thane, Maharashtra, India

About

Promethean Energy is a CleanTech startup founded in 2014 that specializes in industrial decarbonisation. The company develops high-efficiency industrial heat pumps and waste heat recovery systems aimed at replacing fossil fuel usage in factories. With a focus on providing locally optimized solutions for India's industrial conditions, they offer smart, efficient, and reliable technologies designed to deliver energy savings and rapid returns on investment. Their mission includes decarbonising 1,000 factories by 2027 while already achieving significant CO₂ emissions reductions.

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