Atria University held its ‘Beyonder Energy and Green Future Summit’ in the presence of Nirmala Sitharaman, union minister of finance and corporate affairs, Basavaraj Bommai, chief minister of Karnataka and 25 other industrialists. 

The event was hosted by Atria University's founder Sunder Raju along with its founder and managing trustee, Nagaraju. Members of the institute's leadership team, including Kaushik Raju, Karthik Raju and Shaheem Rahiman attended the event. 

Talking about the importance of green energy, chief minister Bommai said that the Karnataka government will spend Rs two lakh crore in the renewable energy sector in the coming future and the investment will be more on the hydrogen sector. 

In an interactive session with the industrialists after the inaugural session, he added that renewable energy would be used as an alternative to petrol and diesel. He also indicated that the number of electric vehicles would increase in the state which would reduce the costs. 

“The role of private institutions is very important in implementing the National Education Policy (NEP) and they can carry on with their activities with the government’s cooperation. India has a big population and creating jobs is a big responsibility,” Bommnai said while addressing the summit. 

India is amongst the largest markets for renewable energy, with its solar energy generation alone set to quadruple by 2030. Prime Minister Narendra Modi has set a goal to generate 450 gigawatts of renewable energy by 2030. 

Green climate and clean energy start-ups are becoming increasingly attractive to venture capital (VC) investors. Some Indian VC firms like Blue Ashva and Speciale Invest have made big investments in early-stage deep tech climate start-ups. 

In November 2022, Solar Square raised Rs 100 crore as part of its Series-A funding on the back of a Rs 30-crore seed round three months earlier. Two other start-ups, Buyofuel and Biofuel Circle, raised their seed rounds in 2021 at Rs 1.6 crore and $0.75 million respectively.