Decentralized Renewable Energy in India to go from 1 GW to 40 GW in the next 5 years
Energy Efficiency policies driving ‘mass-market’ adoption in smaller industrial, commercial and residential settings
Multiple growing segments with evolving business models. These businesses are seeking appropriately priced asset financing
cKers provides segment specific innovative debt instruments
Ability to partner as a co-developer
What We Finance
SME Energy Efficiency
*In addition, cKers may also look at investing in income notes, debentures and working capital.
Typical Borrower Profile
Developers or System Integrators operating in Energy efficiency or Decentralized Renewable Energy (DRE) realms in energy access, industrial SME and urban rooftop
Ideally requiring debt financing of Rs. 20 million to Rs. 150 million
Growth-focused organization with 2+ years track record and proven unit level economics
Commitment to impact reporting goals
cKers (pronounced ‘seekers’) Finance is a specialized Sustainable Energy (SE) finance company that operates in the rapidly growing segments around clean energy and energy efficiency. Launched in 2016, it is developing new instruments for project finance in decentralized renewable energy, creating standards for sustainable energy bonds and building data around risk metrics.
Banker with over 17 years of experience in Corporate Banking, Rural and Agri-lending with ICICI Bank; having led several new initiatives (in India and internationally) during his tenure.
20 years of experience working at the intersection of capital and new ventures – first as a venture capitalist in India and Silicon Valley and then an entrepreneur who has founded & built successful organizations
Board of Directors
Former CGM, Small Industries Development Bank of India (SIDBI) and former CEO of SIDBI Ventures; who has played a key role in developing newer market segments for 35+ years
Managing Director, cKinetics and a specialist in go-to-market strategies for firms in the decentralized renewable energy segment. Been engaged in design, financing and launch of some of the earliest renewable energy IPPs in the early 1990s
Dr. Rakesh Basant
Economist specializing in policy and technology linkage. Professor at India Institute of Management, Ahmedabad and Former Chairperson, Centre for Innovation Incubation and Entrepreneurship (CIIE)
cKinetics is a mission driven Sustainability Insight, Innovation & Capital Advisory firm with strong operational relationships with Energy Services Companies. It has experience both in project development and in channeling capital in the DRE sector in India
Infuse is a venture catalyst investing in creating, building and scaling new cleantech businesses. It’s a first-of-its-kind partnership between the government, academia and private sector
Centre for Innovation Incubation and Entrepreneurship (CIIE) is a leading clean-tech incubator in India housed at the Indian Institute of Management, Ahmedabad. It has strong operational relationships with Ministry of New and Renewable Energy (MNRE), international and domestic Financial Institutions
cKers Finance is a recepient of the PACEsetter Funds Award. cKers was selected for the award for its differentiated approach to providing competitive project finance and long-term venture debt financing to technology-backed interventions in the sustainability space.
Jointly capitalized by the Indian and US Governments, the PACEsetter Fund is a USD 7.9 million initiative to accelerate the commercialization of innovative off-grid clean energy access solutions. The initiative is administered by the Indo-US Science and Technology Forum (IUSSTF), New Delhi.