Renewable Energy Sector View: From Personal Investing to Deal Evaluation
Built an independent sector view on renewable energy through personal investing and market tracking, then applied it directly to a startup evaluation.
Mayank Srivastava
Assistant Manager -Investment Banking at BIORx Ventures
From their time as
Assistant Manager -Investment Banking
BIORx Ventures • 2025
Overview
Mayank developed a working view on the renewable energy sector independently, driven by personal interest rather than a work assignment. He tracked industry trends through regular reading of newspapers, newsletters, and sector reports, and invested personally in publicly listed renewable energy companies to develop a ground-level understanding of market dynamics, enterprise value drivers, and competitive positioning.
The Story
Mayank developed a working view on the renewable energy sector independently, driven by personal interest rather than a work assignment. He tracked industry trends through regular reading of newspapers, newsletters, and sector reports, and invested personally in publicly listed renewable energy companies to develop a ground-level understanding of market dynamics, enterprise value drivers, and competitive positioning.
This background became directly relevant when he evaluated an early-stage startup building AI-powered automated solar panel cleaning technology. Because he had been tracking the sector, he was able to quickly identify that major Indian public companies were actively seeking this type of technology, and that similar solutions were being developed internationally, signaling both market validation and a potential tech transfer opportunity.
His sector knowledge allowed him to contextualize the startup's technology within the broader market landscape in a way that went beyond what the pitch deck alone would have shown, adding a layer of market intelligence to the investment evaluation.