CoolPact Capital India Fund launches Blended‑Equity Fund for Sustainable Cooling
CoolPact is India’s first blended-equity fund dedicated to sustainable cooling. Targeting a US $100 million raise (with a first close of US $50 million), it blends commercial senior equity with DFI-backed subordinated equity and a philanthropic first-loss tranche to de-risk early-stage investments in energy-efficient cooling technologies for buildings, agri-value chains, and cities. Over ten years, the fund expects to abate 7.5 million tCO₂-e while supporting SMEs that can scale affordable, climate-resilient cooling solutions—as heatwave intensity is projected to rise eightfold by 2038. Technical assistance delivered through NGO partners strengthens operations, illustrating how concessional capital, combined with TA, can crowd in private investors to a hard-to-finance climate adaptation segment.
Read the detailed concept note here.
CoolPact Capital India is India’s first blended-equity fund focused exclusively on sustainable cooling. Founded by climate and impact investing specialists from India and the US, the fund aims to accelerate early- and growth-stage companies delivering climate-smart cooling solutions. Backed by public, private, and philanthropic capital, CoolPact Capital invests to drive both climate adaptation and mitigation outcomes—supporting technologies that reduce emissions, enhance energy efficiency, and build resilience in underserved communities.