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Resurfaced: EV rounds at River, Yulu, Ultraviolette lifted India cleantech funding to $433 Mn in Q3 2026
India's cleantech startups raised $433 Mn across 23 deals in Q3 2026, against $118 Mn across 16 deals a year earlier. Electric two-wheeler rounds at River, Yulu and Ultraviolette drove the surge, with EVs accounting for 57% of deals.
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Reported figures
From the report. Source details below
| River Series C round: | $120 Mn |
|---|---|
| Yulu round: | $93 Mn |
| Ultraviolette round: | $85 Mn |
Why it matters to operators and investors
With 3.15 lakh EV registrations on Vahan in September and fresh capital at River, Yulu and Ultraviolette, retail and dealership operators should expect more electric two-wheeler supply and plan showroom, service and charging readiness now.
What to watch next
- October and November Vahan EV registrations compared with September's 3.15 lakh units
- Q4 2026 cleantech funding total compared with Q3's $433 Mn across 23 deals
- New or follow-on rounds announced by other electric two-wheeler startups
- EV share of cleantech deals staying at or above 57%
- Regulatory filings or announcements showing River, Yulu or Ultraviolette deploying capital into capacity or new cities
The source
First seen