Transition VC’s Post

Transcript

So I think, I think if you look at three important pillars that come that have to come together to achieve net zero for any economy or the capital. Second is your technology and 3rd is your policy regulation. And so and so, so when I say technology as a whole, I think it comes like it's, it's industry, technology, startups, first of a kind projects and also and also like scale up projects. So all these phases like for example, you need a different kind of equity. Or a government or a grand money you need, you need to solve this. And at the same time, if you look at first African projects and then typically these technology projects move into first African projects, you are where you are trying to do implementation for the first time. Again, that needs a very different kind of hybrid structure where it's a combination of private equity, combination of late stage venture capital and combination of government money. And then comes the scaling part. So when, when when we started this fund, right, it was very clear that the money was available. Lot of money was available for the scale up and at the money, the death of money was was where technology money was not available for technology especially like countries in India. And at the same time first of a current projects. So now I mean Fast forward 4-5 years, the scenario has changed. The major challenge now as a venture capital fund, what we see is there's huge amount of money. Especially for technology, especially for first of a kind projects coming from a lot of philanthropic institutions, a lot of global institutes. But the missing part though you say capital is very important. The missing part unfortunately now we as a country have to solve is technology. So out of this, like if you look at a scale of zero to 100, right, let's say there are 100 technologies that need to decarbonize and be net 0 country by 2070. We only have 2025% of the technologies ready which can be commercially deployed. So we still have. 25% of technologies that needs to be developed or that needs to be worked on to achieve over 2070 goals. So I think money is following, but unfortunately especially we need more and more engineers to focus on build those right technologies so that we can take those technologies as fast as possible for commercialization.