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

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Ability to partner as a co-developer

cKers Finance is uniquely positioned to tap opportunities in the rapidly growing Sustainable Energy market in India. Our cross-functional team has extensive experience in financing DRE (Decentralized Renewable Energy) and Energy Efficiency projects. We have customized frameworks to underwrite loans in these segments and innovative asset-backed financing approaches. In select projects, we also operate as a co-developer.

What We Finance

mini grids
MINI GRIDS
SOLAR ROOFTOP
ENERGY EFFICIENCY AS-A-SERVICE
ENERGY STORAGE
E-MOBILITY
SOLAR PUMPS
SOLAR THERMAL
WASTE-TO-ENERGY

Debt Products

Micro Infrastructure Loan

Tenure – Upto 8 years
Moratorium – 1 year
Suitability – To create micro-utilities/ mini grids

Energy Access
Electrification Loan

Tenure – Upto 5 years
Moratorium – 6 months
Suitability – Pico Grid, Solar pumping and solar home systems

SME Energy Efficiency Loan

Tenure – Upto 5 years
Moratorium – Upto 6 months
Suitability – Industrial Energy Efficiency projects

Rooftop Solar
Loan

Tenure – Upto 9 years
Moratorium – Upto 6 months
Suitability – Industrial Rooftop solar projects

Mezzanine
Financing

Tenure – Custom
Moratorium – Custom
Suitability – Rooftop solar and mini-grids

Venture
Debt

Tenure – Custom
Moratorium – Custom
Suitability – Early stage Energy and resource sustainability companies

*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

LEARN MORE

About cKers

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.

Management Team

Jayant Prasad

Executive Director

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.

Pawan Mehra

Director

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


Harsh Kaul

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

Upendra Bhatt

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.

cKers Finance adheres to the Fair Practice guidelines set by Reserve Bank of India (RBI). Click here to read the guidelines.