To date, Lightsmith has made investments in SOURCE Global, a water harvesting technology company with an off grid solution to produce affordable drinking water from sunlight and air, and Wa圜ool Foods, an India-based agriculture and food supply chain services company applying physical automation and digital technology to reduce food wastage and improve farm output. The fund will focus on six initial technology areas: water efficiency and smart water management, resilient food systems, agricultural analytics, geospatial intelligence, supply chain analytics, and catastrophe risk modelling and risk transfer.Īs you might expect, it will help companies scale up by applying their technologies to help businesses and communities adapt to climate change, by expanding internationally, particularly in emerging markets, and by partnering with Lightsmith’s global network of companies and governments. That’s quite a list and Lightsmith says growth stage companies whose technologies can address the growing physical impacts of climate change represent an estimated total addressable market of over $170 billion today. In the fund, Lightsmith has brought together leading investors from around the world, including PNC Insurance Group, The Rockefeller Foundation, Kinneret Group, and Caprock Impact Partners, as well as the Green Climate Fund (“GCF”), European Investment Bank, Asian Infrastructure Investment Bank, KfW on behalf of the German Ministry for Economic Cooperation and Development (BMZ), Nordic Development Fund, the Government of Luxembourg and other investors. It claims to be the first private equity fund to have focused on climate resilience and adaptation, investing in growth-stage technology companies that address the effects of climate change. It has at the end of January 2022 closed its Lightsmith Climate Resilience Fund with $186 million of commitments. Lightsmith Group is a global sustainable private equity firm. It appears that ‘first loss’ is gaining traction. What’s there to learn about recent developments in this important space? First Loss Vision And further, it must manage financial stability risks posed by climate change aligning social and private returns with green investment mobilising resources for investment, including a major boost to international climate finance and making monetary and supervisory policies consistentįirst loss capital appears to hit all these buttons squarely on the head. The International Monetary Fund reminds us that the global business community has to align finance with climate objectives. Any ways that can help them come on board to support the green transition and manage the risk of doing so should be very welcome. It’s a young market, and it’s only late in the day we’ve realised a transition to more sustainable business forms has to happen. Much nascency exists within the products and services which corporates are bringing to bear to solve the world’s environmental problems. When it comes to sustainability and business, this is a pretty vital concept. But what is First Loss Capital, what’s its potential and can it help power net zero?įor the uninitiated, Mission Investors explains that “catalytic first loss capital” refers to socially and environmentally driven credit enhancement, provided by an investor or grant-maker who agrees to bear first losses in an investment in order to catalyse the participation of co-investors that would not have otherwise entered the deal. SHELLA GAM,AHMEDABAD, AHMEDABAD, Ahmedabad, Gujarat.COP President Alok Sharma is getting behind First Loss Capital. The registered office of Light Smith Lighting Projects Private Limited is at H-602, MAHER HOMES, OPP.CLUB O7, The Corporate Identification Number (CIN) of Light Smith Lighting Projects Private Limited is U31908GJ2013PTC076100. Light Smith Lighting Projects Private Limited has two directors - Jatin Panchal Arvinkumar and Rutin Jatin Panchal. Also, as per our records, its last balance sheet was prepared for the period ending on 31 March, 2021. The last reported AGM (Annual General Meeting) of Light Smith Lighting Projects Private Limited, per our records, was held on 30 November, 2021. The current status of Light Smith Lighting Projects Private Limited is - Active. It's authorized share capital is INR 5.00 lac and the total paid-up capital is INR 1.00 lac. It is classified as a private limited company and is located in Ahmedabad, Gujarat. Light Smith Lighting Projects Private Limited is an unlisted private company incorporated on 19 July, 2013.
OVERVIEW - LIGHT SMITH LIGHTING PROJECTS PRIVATE LIMITED
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