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Coimbatore-based wind turbine operations and maintenance (O&M) company, GreenTech, has raised INR 30 crore in its first funding round, led entirely by Transition VC through a mix of equity and debt. The company plans to deploy the funds to expand its global infrastructure, upgrade AI/ML-based predictive maintenance platforms, enhance SCADA (Supervisory Control And Data Acquisition) analytics, and accelerate business development across India and key international wind markets.
Founded in 2018, GreenTech specializes in multi-brand wind asset management, offering integrated solutions ranging from full-scope O&M and predictive maintenance to SCADA modernization, component repairs, and crane-less major component replacement. Leveraging AI and advanced SCADA systems, the company enables wind farm owners to improve uptime, reduce downtime, and optimize energy generation.
Traditionally, wind O&M in India has been dominated by OEMs using reactive maintenance models, often leading to delayed fault detection, higher operational costs, and underperformance. GreenTech’s technology-driven platform addresses these inefficiencies through real-time anomaly detection, failure forecasting, advanced blade inspection, and remote turbine monitoring, allowing a shift from time-based to condition-based predictive maintenance strategies.
GreenTech manages assets across India and Asia, including Vietnam and Sri Lanka, and is expanding into other Southeast Asian (SEA) and Middle East & North Africa (MENA) markets. Its supply chain ecosystem comprises over 100 suppliers, 20 repair loops, 7 major component partners, and more than 6,000 components in inventory, making it a leading Independent Service Provider (ISP) in the wind sector.
Commenting on the funding, Daniel Raj, Founder of GreenTech, said, “GreenTech is committed to elevating wind asset management through data-driven maintenance, predictive analytics, technology-driven operations, and comprehensive multi-brand expertise that enhance turbine performance and reduce downtime. Our focus is to maximize generation, protect asset integrity, and deliver sustained value for asset owners.”
The funding round comes as India’s wind energy sector undergoes rapid growth, with over 50 GW already installed and a government target of 150 GW by 2030. Market assessments indicate that less than 5 GW of assets are currently managed by ISPs like GreenTech, leaving a significant unaddressed market opportunity.
“Over 30 GW of wind assets will be free from OEM warranties by 2030, creating strong demand for independent O&M providers,” said Raiyaan Shingati, Co-Founder & Managing Partner, Transition VC.
Shoeb Ali, Co-Founder & Managing Partner, Transition VC, added, “With global OEMs exiting India, approximately 30 GW of wind assets require independent service providers who can deliver technical expertise at lower costs. GreenTech’s technology-led approach positions it to capture a significant share of this INR 3,000 crore market opportunity.”
GreenTech plans to use the capital to enhance its analytics engine, expand its repair and refurbishment facilities, and scale its predictive maintenance algorithms using AI/ML. The company aims for a multifold revenue increase over the next 24 months, supported by strategic expansion in India’s under-served wind assets and international markets.
