How to successfully fundraise for a ClimateTech startup in India!?
Get ready to uncover the answers to this key topic and explore many other insights in this episode of TheOnePoint podcast with Parithi Govindaraju from Okulo Aerospace.
ClimateTech startups are tackling challenges essential for humanity's survival. But for founders in this space, the road is anything but easy.
From the struggles of early-stage fundraising to the unique challenges of innovating in a field driven by physical solutions (Atoms) rather than just digital ones (Bits), ClimateTech founders often face a steep learning curve.
Okulo Aerospace raised their pre-seed round in 2023 with 1 million led by Ideaspring Capital with participation from Java Capital
Where to find Parithi Govindaraju:
• LinkedIn: https://www.linkedin.com/in/parithig/
• Website: https://www.okuloaerospace.com/
Where to find Rohit Yadav:
• Web: https://linktr.ee/rohityadav
• LinkedIn: https://www.linkedin.com/in/rohityadav23/
• Newsletter: All Things VC (https://www.linkedin.com/newsletters/7081921640367808512/)
In this episode, we dive into what it really takes to secure investment in this critical space and how founders can navigate the complexities of building a ClimateTech startup. Topics covered -
(00:00) Intro: Podcast
(00:59) Intro: Parithi Govindaraju
(01:29) Intro: Okulo Aerospace
(03:04) Ovule Aerospace: Vision and Innovations
(05:26) Market focus and expansion plans
(06:37) ClimateTech market in India
(09:15) Personal View: One hot ClimateTech area in India
(11:05) Fundraising Journey: From Idea to Pre-Seed Funding
(25:19) Treating the fundraising journey as a series of steps
(26:50) Mindset for fundraising success
(29:03) Strategies for effective fundraising
(31:44) Navigating Grant opportunities
(35:10) The role of mentors and advisors
(38:17) Maintaining motivation during challenges
(40:48) Hiring for fit-over talent
(42:39) The concept of adjacent possible innovations