Alternative Investment Fund (AIF) are open for investment to anyone globally. You can invest as a body corporate, fund or individual.
However, we encourage that only those entities or individuals that have a valid Indian PAN (Permanent Account Number) invest via Climate Angels

· have early-stage investment experience, or
· have experience as a serial entrepreneur, or
· are a senior management professional with at least 10 years of experience.

A corporate entity can qualify as an angel investor, provided its net worth exceeds INR 10 crore. This is applicable for corporates based anywhere in the world; providing the Memorandum / Articles or Incorporation documents mention “investing” as an objective of the corporate entity.
Other AIF (Alternative Investment Fund) registered under SEBI AIF Regulations, 2012, or a Venture Capital Fund (VCF) registered under the SEBI (Venture Capital Funds) Regulations, 1996 are also eligible to invest via Climate Angels.

At the time of exit of an investment, there is a 10% withholding tax at the time of making payments to investors; provided the investors have a valid Indian PAN (whether based in India or anywhere in the world).

Investors can claim this withholding tax as a tax credit while filing their income tax returns in India. However, non-resident investors need to ensure that double tax avoidance treaties are in place between India & their resident countries to claim this tax credit.

Non-Indian investors will be investing in a US-based special-purpose vehicle. At the time of exit, the purchaser may withhold taxes on the number of gains and the SPV will file taxes on its returns of income in India. Climate Angels is not qualified to provide tax advice and the above should not be read as tax advice. There are many important exceptions to the generalization stated above, so please be sure to consult your tax advisor and relevant international tax treaties before making an investment.

Climate Angels syndicates can only invest in companies which: have been incorporated during the preceding 7 years. have a turnover of less than INR 25 crores is not promoted by an industrial group whose turnover exceeds INR 300 crores does not have connections / related party association with the Lead Investor of the syndicate

All investors, including leads, are required to meet the minimum threshold of investing INR 25 Lakhs over a period of 5 years from the time of making their first investment with Climate Angels. This can be in a single investment or over multiple investments.

Yes, but we recommend that the off-shore investing entity or individual have an Indian PAN.

Climate Angels will provide all investors quarterly updates to all unit holders & investors.

A single investment in a startup will have a maximum of 199 investors.