Greentech Megawatt, a startup located in Coimbatore that focuses on wind turbine operations and maintenance, has secured Rs 30 crore in its initial institutional funding round from Transition Venture Capital via a combination of debt and equity.

Established in 2018, Greentech remained self-funded until now and chose to seek external funding after integrating artificial intelligence into its services. The firm specializes in overseeing multi-brand wind assets and functions independently of original equipment manufacturers, establishing itself as a versatile option in the wind O&M sector.

Greentech offers comprehensive operations and maintenance services, featuring AI- and machine learning-based predictive maintenance, data analytics, upgrades for supervisory control and data acquisition, component repairs, and major component replacements without cranes. Its technology-driven strategy focuses on enhancing turbine availability while reducing maintenance expenses for asset owners.

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The firm runs an international control center in Coimbatore that oversees wind assets and aids field operations. Its supply chain encompasses over 100 suppliers, nearly 20 repair cycles, various component partners, and an inventory of about 6,000 components, enabling it to react swiftly to equipment malfunctions and maintenance needs.

The new funding will be allocated for expanding infrastructure, enhancing predictive maintenance platforms, and creating sophisticated SCADA analytics systems. Greentech aims to transform its current repair centers into comprehensive hubs that include mechanical, electrical, generator, gearbox, and electronics services.

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Furthermore, the startup intends to broaden its reach outside India as global demand for effective wind O&M services increases with the growth of worldwide wind capacity. The firm anticipates that the investments will facilitate a significant rise in revenue during the next two years.

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The investment underscores increasing investor enthusiasm for renewable energy services, especially in wind operations and maintenance, as India's existing wind capacity ages and asset holders seek affordable, technology-focused solutions to enhance performance and returns.