GreenTech, an operations and maintenance (O&M) company specializing in wind turbine asset management, has raised ₹300 million (~$3.3 million) in its first funding round, comprising a mix of equity and debt, led by Transition VC.

The company plans to deploy the funding to expand its global infrastructure, upgrade its artificial intelligence and machine learning-based predictive maintenance platforms, strengthen its supervisory control and data acquisition (SCADA) analytics systems, and accelerate business development across India and key international wind markets.

The company also plans to expand its repair and refurbishment facility into a multi-disciplinary hub covering mechanical, electrical, generator, gearbox, and electronic card repairs, deepen its analytics engine, and scale AI-driven predictive maintenance algorithms. The company is targeting a multifold increase in revenues over the next 24 months.

GreenTech operates a global control center from Coimbatore and leverages advanced SCADA systems and artificial intelligence (AI)/machine learning (ML)-enabled models to improve turbine uptime, reduce downtime, and optimize energy generation across wind farms.

Its services are designed to manage multi-brand turbine fleets, addressing a market traditionally dominated by original equipment manufacturers that rely on manual, reactive maintenance practices.

According to the company, conventional O&M models in India often lead to delayed fault detection, higher operational costs, and underperformance of assets. GreenTech claims its technology-led architecture enables real-time anomaly detection, failure forecasting using AI and machine learning, remote performance monitoring, and advanced blade inspection technologies.

The company operates more than 400 MW of wind projects across India and Asia, including Vietnam and Sri Lanka, and is expanding into additional Southeast Asia and Middle East, and North Africa markets. Its supply-chain ecosystem includes more than 100 suppliers, over 20 repair loops, seven major component partners, and an inventory of over 6,000 components.

India reclaimed the third position behind China and the U.S. in the global wind market in 2025 after record additions, according to BloombergNEF.

India added 1.4 GW of wind energy capacity in the third quarter (Q3) of 2025, a 105% year-over-year increase from 706.5 MW, according to Mercom India Research. Capacity additions, however, fell 11% compared to Q2 2025.