Eversource Capital

What is Eversource Capital?

Eversource Capital is a private equity fund headquartered in Mumbai, India, that specializes in equity investments across various sectors with a strong focus on Other, Energy, and CleanTech industries. They position themselves as a firm driving the change towards a more sustainable future, with a keen investment thesis centered around combating climate change and accelerating towards Net Zero goals by 2050.

With the claim of being one of the largest climate impact investing teams, they have an extensive background in climate mitigation and adaptation, backed by a successful track record in building, scaling, and operating platforms in alignment with top-tier ESG standards. Their investment strategy aims to deliver both impact and returns through a process termed 'Climate Investing Redefined'. Eversource Capital focuses on control investments in green sectors—including Energy Transition, Industrial Decarbonisation, and Urban Sustainability—and seeks to grow sustainably.

Their impact, as reported, includes significant achievements in CO2 emission avoidance, renewable energy generation, water treatment, and employment generation among others, ensuring adherence to various Sustainable Development Goals. The fund actively invests in renewable energy infrastructure, resource and environment management including waste and wastewater treatment, e-mobility in the form of Mobility as a Service (MaaS), and green finance solutions to support the green transition. They also announce a new $1-billion fund that received an equity commitment from the United States International Development Finance Corporation (US DFC) in 2024, which marks a departure from the DFC's usual focus on debt investments.

Eversource Capital's portfolio includes Ayana, Radiance, EverEnviro, Kathari Water, GreenCell Mobility, Ecofy, and Green Non-Banking Financial Company (NBFC), showcasing a diverse range of investments in sectors propelling towards sustainability and clean energy.

What they say:

We are an investment firm.

What we look for: We invest in companies across diverse industries.