GreenTech, a tech-driven and innovative operations and maintenance company specialising in wind turbine asset management, has raised ₹30 crore in its first funding round led by Transition VC.
With this fundraiser, GreenTech aims to deepen its analytics engine, expand its repair and refurbishment facility into a multi-disciplinary hub (including mechanical, electrical, generator, gearbox, and electronic card repair), and scale its predictive maintenance algorithms through AI and machine learning.
“As a one-stop solution for wind asset management, our focus is to maximise generation, protect asset integrity, improve reliability and deliver sustained value for asset owners. As the renewable energy sector continues to expand, we are further strengthening our capabilities and broadening our operational footprint to support the clean energy transition,” Daniel Raj, Founder of GreenTech said.
“India’s wind O&M (Operations and Maintenance) industry is entering a new era: over 30 GW of assets will be free from OEM warranties by 2030, accelerating demand for independent O&M built on performance rather than legacy contracts. This unmet need is GreenTech’s opportunity to become the industry leader,” said Raiyaan Shingati, Co-Founder and Managing Partner, Transition VC.
Shoeb Ali, Co-Founder and Managing Partner, Transition VC, said, “Operations and maintenance of wind turbines are critical to extending turbine life and increasing wind energy output. With global OEMs leaving India, approximately 30 GW of wind assets need independent service providers (ISPs) who can bring the technical expertise and quality service that OEMs provide, but at much lower prices.”
“We see at least ₹3,000 crore of white space in the Indian wind O&M market, and Greentech is set to capture a significant share of the market. Greentech is blending proprietary tech, such as craneless robots, high-resolution imaging, and AI for blade health monitoring and predictive maintenance, with strong on-field operations,” he added.
Founded in 2018 and headquartered in Coimbatore, GreenTech offers an integrated suite of solutions, ranging from full-scope Operations and Maintenance (O&M) and predictive maintenance to data analytics, SCADA modernisation, component repairs, and crane-less major component replacement. GreenTech enables wind farm owners to improve uptime, reduce machine downtime, and optimise energy generation. GreenTech manages multi-brand wind assets and supports customers across India and Asia, including Vietnam, Sri Lanka, and venturing into other markets in SEA and MENA regions.
India’s wind market is undergoing rapid expansion. With above 50GW already installed, and a central government target of 150 GW by 2030, the sector is poised for exponential growth. As per market assessments, less than 5 GW of existing assets are currently managed by ISPs like GreenTech, while asset owners directly manage about 8 GW. The remaining 35 GW represent a massive unaddressed market opportunity that GreenTech wants to capitalise on.
Published – January 13, 2026 02:48 pm IST
