Hi,
I will be at renaissance hotel on Oct 8-9 in Mumbai to attend Cleantech forum event there. If anyone of you like to meet or network, we can do some small selected get together or do personal meetings on fringes of the forum.
Let me know if there is interest.
Email: manoj@nexusindiacap.com
Manoj
Tuesday, September 30, 2008
Wednesday, September 17, 2008
Don’t Miss Next Month’s Cleantech Forum in Mumbai
Cleantech Group LLC is holding an inaugural forum in Mumbai on October 7-9th at the Renaissance Mumbai to help drive India’s rapid business growth in clean technologies. Since 2002, the Cleantech Forums® have brought together active investors and companies to facilitate the financing of emerging clean technology companies and broader market-based solutions. Presenting companies have raised over $1.4 billion through previous Cleantech Forums.
For two full days, an international assembly of investors, technology leaders, scientists and deal-makers will explore ways to shape the future of clean technology in Asia and throughout the world. In the keynote address, Shri Vilas Muttemwar, Minister of State for the Ministry of New and Renewable Energy, will outline the governments' strategic approach to shaping the cleantech market.
You will hear from and be able to interact with Pankaj Sehgal of SUN Group, moderating a panel of experts from NEA, GEF and Nomura on India cleantech opportunities from the investor perspective. Ajit Nazre of Kleiner Perkins Caufield Byers and Saurabh Srivastava of the Indian Venture Capital Association are among business leaders speaking on developments in software that helps address energy and resource efficiency and pollution abatement. You will also hear from prominent corporate executives from Tata Power, Mahindra & Mahindra, Praj Industries, Greenko Group, Unilever, REVA and BP presenting in sessions on trends, predictions, funding sources, and entrepreneurial success stories.
Other leading organizations participating include Moser Baer Photovoltaic Ltd., Ernst & Young, MPPL Renewable Energy Pvt Ltd., Greenko Group, and Deeya Energy. Top-tier venture capital and investment firms participating include Sequoia Capital India, IDFC Private Equity, Global Environment Fund, Kenda Capital, Nexus Capital India, Draper Fisher Jurvetson, Khosla Ventures, and many others.
If you have not registered, or need additional information, please call Jawinder Kaur at +91 98103 59243, or contact india@cleantech.com. More information including the full program is available at www.cleantech.com/indiaforum
Manoj
For two full days, an international assembly of investors, technology leaders, scientists and deal-makers will explore ways to shape the future of clean technology in Asia and throughout the world. In the keynote address, Shri Vilas Muttemwar, Minister of State for the Ministry of New and Renewable Energy, will outline the governments' strategic approach to shaping the cleantech market.
You will hear from and be able to interact with Pankaj Sehgal of SUN Group, moderating a panel of experts from NEA, GEF and Nomura on India cleantech opportunities from the investor perspective. Ajit Nazre of Kleiner Perkins Caufield Byers and Saurabh Srivastava of the Indian Venture Capital Association are among business leaders speaking on developments in software that helps address energy and resource efficiency and pollution abatement. You will also hear from prominent corporate executives from Tata Power, Mahindra & Mahindra, Praj Industries, Greenko Group, Unilever, REVA and BP presenting in sessions on trends, predictions, funding sources, and entrepreneurial success stories.
Other leading organizations participating include Moser Baer Photovoltaic Ltd., Ernst & Young, MPPL Renewable Energy Pvt Ltd., Greenko Group, and Deeya Energy. Top-tier venture capital and investment firms participating include Sequoia Capital India, IDFC Private Equity, Global Environment Fund, Kenda Capital, Nexus Capital India, Draper Fisher Jurvetson, Khosla Ventures, and many others.
If you have not registered, or need additional information, please call Jawinder Kaur at +91 98103 59243, or contact india@cleantech.com. More information including the full program is available at www.cleantech.com/indiaforum
Manoj
Thursday, September 11, 2008
Nexus India Capital invests in engine efficiency company SEDEMAC
Nexus India Capital invests in engine efficiency company SEDEMAC
Mumbai, September 9th, 2008: Nexus India Capital announces an investment in SEDEMAC Mechatronics, a company providing energy efficiency solutions for the automotive and renewable energy markets.
SEDEMAC is founded by Prof. Shashikanth Suryanarayanan, a high-energy, entrepreneurial professor from IIT Bombay who obtained his PhD at University of California, Berkeley. The company was incubated at SINE – IIT Bombay’s on-campus incubator. SEDEMAC has developed electronic control modules which increase the fuel efficiency and reduce emissions of small engines. It is working with some of the leading two wheeler companies in India and with global renewable energy firms.
“We were very impressed by the passion of Shashi and the SEDEMAC team to build a global company from India providing state-of-the-art solutions to increase the efficiency of engines across various industries from automotive to alternate energy. The domestic and the global markets are huge and the company is in the process of introducing their solutions across both,” said Sandeep Singhal, Managing Director, Nexus India Capital Advisors. He added that “Nexus is seeing similar cutting edge technology initiatives at IITs and other leading institutes and is looking to build similar partnerships.”
Shashikanth Suryanarayanan, Founder and Director, SEDEMAC, said “We are delighted to partner with Nexus to build a world-class company. We believe Nexus’s pro-active approach in working with a technology-intensive company like ours and their leadership in the CleanTech sector in India will act as key enablers of our growth. The investment will help with market introduction of energy efficient, low-emission products for small engines. ”
About SEDEMAC
SEDEMAC Mechatronics Pvt Ltd develops energy efficiency solutions for automotive and alternate energy businesses. SEDEMAC leverages its core technical strength in control-intensive electronics for the development of these products. For more information, please visit www.sedemac.com
Mumbai, September 9th, 2008: Nexus India Capital announces an investment in SEDEMAC Mechatronics, a company providing energy efficiency solutions for the automotive and renewable energy markets.
SEDEMAC is founded by Prof. Shashikanth Suryanarayanan, a high-energy, entrepreneurial professor from IIT Bombay who obtained his PhD at University of California, Berkeley. The company was incubated at SINE – IIT Bombay’s on-campus incubator. SEDEMAC has developed electronic control modules which increase the fuel efficiency and reduce emissions of small engines. It is working with some of the leading two wheeler companies in India and with global renewable energy firms.
“We were very impressed by the passion of Shashi and the SEDEMAC team to build a global company from India providing state-of-the-art solutions to increase the efficiency of engines across various industries from automotive to alternate energy. The domestic and the global markets are huge and the company is in the process of introducing their solutions across both,” said Sandeep Singhal, Managing Director, Nexus India Capital Advisors. He added that “Nexus is seeing similar cutting edge technology initiatives at IITs and other leading institutes and is looking to build similar partnerships.”
Shashikanth Suryanarayanan, Founder and Director, SEDEMAC, said “We are delighted to partner with Nexus to build a world-class company. We believe Nexus’s pro-active approach in working with a technology-intensive company like ours and their leadership in the CleanTech sector in India will act as key enablers of our growth. The investment will help with market introduction of energy efficient, low-emission products for small engines. ”
About SEDEMAC
SEDEMAC Mechatronics Pvt Ltd develops energy efficiency solutions for automotive and alternate energy businesses. SEDEMAC leverages its core technical strength in control-intensive electronics for the development of these products. For more information, please visit www.sedemac.com
Wednesday, September 10, 2008
Coffee with Nexus - Mumbai
Our next coffee with Nexus event will be at:
Date/Time: September 26, Friday, 6-8PM
Location:
Hall of Quest,
Nehru Planetarium,
Worli, Mumbai
Please RSVP to manoj@nexusindiacap.com as soon as possible because of limited seats.
Manoj
Date/Time: September 26, Friday, 6-8PM
Location:
Hall of Quest,
Nehru Planetarium,
Worli, Mumbai
Please RSVP to manoj@nexusindiacap.com as soon as possible because of limited seats.
Manoj
Tuesday, September 9, 2008
My top ten points on CleanTech in India
Let me share some of my observations on CleanTech in India:
1. CleanTech is in nascent stages in India which gives opportunity to VC firms to nurture early stage companies in India and create long term value. In terms of hype and stage, we are still 5-6 years behind USA. In terms of market opportunity it runs into billions of dollars (DG replacement market itself is more than $10 billion).
2. India is a “CleanTech deployment, delivery and adoption” market rather than “CleanTech IP discovery and development” center. This means the cleantech companies in India will be manufacturing, projects, EPC or services companies rather than strong technology/IP companies.
3. CleanTech is still not that hot among young people leading to shortage of talent and lack of people who have experience in running cleantech companies before.
4. CleanTech in India will revolve more around energy efficiency rather than generation because of lower capital intensity.
5. CleanTech has capital intensity issues which can lead to slower growth initially in India on generation side.
6. CleanTech can solve India’s energy problems especially using distributed energy solutions. Entrepreneurs should look at this very seriously.
7. Massive opportunity for entrepreneurs in industrial captive power generation which are early adopters of CleanTech in India (DGs power most of industrial captive power which is ridiculously costly).
8. Cleantech solutions globally need to be localized to Indian conditions before their adoption here. Entrepreneurs have opportunity here.
9. Lot of global technology companies want to partner with Indian companies for deployment. Indian companies should reach out these companies for technology partnerships rather than re-inventing the wheels. There is a need to build that cross-border platform in India. Nexus is trying to become that bridge.
10. CleanTech has longer gestation period but has very highly non-linear scale opportunities which can potentially make a company big in short span of time.
Manoj
1. CleanTech is in nascent stages in India which gives opportunity to VC firms to nurture early stage companies in India and create long term value. In terms of hype and stage, we are still 5-6 years behind USA. In terms of market opportunity it runs into billions of dollars (DG replacement market itself is more than $10 billion).
2. India is a “CleanTech deployment, delivery and adoption” market rather than “CleanTech IP discovery and development” center. This means the cleantech companies in India will be manufacturing, projects, EPC or services companies rather than strong technology/IP companies.
3. CleanTech is still not that hot among young people leading to shortage of talent and lack of people who have experience in running cleantech companies before.
4. CleanTech in India will revolve more around energy efficiency rather than generation because of lower capital intensity.
5. CleanTech has capital intensity issues which can lead to slower growth initially in India on generation side.
6. CleanTech can solve India’s energy problems especially using distributed energy solutions. Entrepreneurs should look at this very seriously.
7. Massive opportunity for entrepreneurs in industrial captive power generation which are early adopters of CleanTech in India (DGs power most of industrial captive power which is ridiculously costly).
8. Cleantech solutions globally need to be localized to Indian conditions before their adoption here. Entrepreneurs have opportunity here.
9. Lot of global technology companies want to partner with Indian companies for deployment. Indian companies should reach out these companies for technology partnerships rather than re-inventing the wheels. There is a need to build that cross-border platform in India. Nexus is trying to become that bridge.
10. CleanTech has longer gestation period but has very highly non-linear scale opportunities which can potentially make a company big in short span of time.
Manoj
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