# ReNew

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/renew

- Industry: Insurance
- Headquarters: Santa Monica, US
- Website: www.renew.com/
- Total disclosed funding: $3M
- Latest round: Series A (Nov 17, 2016)
- Investors on record: 2

## About

ReNew, based in the US, specializes in clean energy solutions, focusing on renewable energy projects such as solar and wind energy, hydropower, and green hydrogen technologies to promote sustainability and reduce carbon emissions.ReNew is a clean energy company founded in 2016 by Trent Carter and is headquartered in Santa Monica, US. The company has engaged in 2 deals to date, with its most recent deal occurring on May 6, 2025, when it raised INR 8.7 billion from British International Investment and other individual investors. The company has consistently focused on renewable energy sources and has maintained its operational strategy without significant pivots since its inception.ReNew specializes in comprehensive decarbonization solutions, providing utility-scale solar and wind energy projects, hydropower solutions, and advanced green hydrogen technologies. These offerings cater to government agencies, large corporations, and energy-intensive industries, primarily across India, Europe, and select North American markets, aligning with global sustainability goals to aid the clean energy transition.ReNew generates revenue through long-term Power Purchase Agreements (PPAs) with corporate clients and public entities, ensuring stable cash flow. These agreements provide predictable budgeting for energy expenditures while allowing for partnerships with local and international businesses. The company’s portfolio includes flagship offerings in green hydrogen and energy storage, highlighting its commitment to sustainability in the energy market.In May 2025, ReNew raised INR 8.7 billion in venture funding from British International Investment and an individual investor to accelerate its solar power energy manufacturing. The company plans to focus on expanding its product offerings and explore new geographic markets. Specifically, ReNew aims to enhance its presence in emerging markets to meet growing energy demands and sustainability initiatives.

## Funding rounds

- Series A, Nov 17, 2016, $3M — Venrock, Expa

## Investors

- Venrock (https://capitalatlas.ai/funds/venrock) — Series A
- Expa (https://capitalatlas.ai/funds/expa) — Series A