Recur Club has launched "Regreen Fund," a sustainable finance program dedicated to investing in start-ups actively working towards a greener and more sustainable future. With an initial commitment of $10 million, the company aims to support and empower environmentally conscious startups in India, driving positive change through their innovative products and services.
Through the launch of this new programme, Recur Club wants to contribute significantly to the country’s sustainable growth. It wants to foster a thriving ecosystem of green businesses by investing in start-ups that try to solve environmental challenges.
Since its inception, Recur Club has backed companies like Battery Smart, Prespl, WeVois, and Clairco. It operates in a wide range of sectors within sustainable development that includes clean energy, waste management, water conservation, sustainable agriculture, the circular economy, and green transportation.
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"We are excited to introduce the 'Regreen Fund' as a reflection of our strong commitment to sustainable development and environmental preservation," said Eklavya Gupta, Co-founder, and CEO of Recur Club.
"We believe in the power of startups and entrepreneurs to tackle the urgent environmental challenges we face globally. Through the 'Regreen Fund,' we aim to provide essential financial support and valuable resources to drive meaningful change in India's sustainability landscape," he added.
“It's encouraging to see the advancements in the green financing sector and we are truly excited about its potential impact on India's sustainable growth. The availability of quick access to working capital is vital for the smooth functioning of any industry. Regreen Fund by Recur Club is a positive step towards empowering businesses in this field with non-dilutive capital that aligns with their revenue growth,” added Pulkit Khurana, the Co-Founder of Battery Smart.
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