Mumbai, October 07, 2025: Mondelez India has announced an investment in Promethean Energy, a homegrown climate-tech company focused on decarbonizing industrial heat. The investment underscores Mondelez India’s commitment to advancing scalable and innovative solutions that address industrial emissions and support the transition to a low-carbon economy.
Promethean Energy develops IoT-enabled technology to capture and reuse waste heat, significantly reducing industrial greenhouse gas emissions. To date, the company’s solutions have helped abate over 100,000 tons of CO₂ across multiple sectors.
Speaking about the investment, Ophira Bhatia, Vice President, India & Lead, AMEA, Corporate & Government Affairs, Mondelez International, said, “At Mondelez, sustainability is embedded into every aspect of our business strategy—it’s not an isolated priority. Our investment in Promethean Energy reflects our belief in the power of innovation to accelerate climate action. As we expand our sustainability footprint, we remain focused on measurable progress and long-term impact for both people and planet.”
Mr. Ashwin Krishna K. P., Head – Energy Efficiency, Promethean Energy Pvt. Ltd., added, “At Promethean, our mission has always been to decarbonize industrial heat at scale. This partnership with Mondelez is a strong validation of our technology and vision. Together, we will accelerate the transition to low-carbon facilities, showing that sustainability and competitiveness can go hand in hand.”
The investment is being made through Sustainable Futures, Mondelez International’s global impact investment platform that backs early-stage ventures driving social and environmental innovation. This builds on earlier partnerships, such as the Circulate Capital Ocean Fund, and reflects Mondelez’s broader goal of embedding sustainability across its global value chain.
Founded by IIT Bombay alumni, Promethean Energy designs industrial-grade heat pump systems and waste heat recovery solutions to replace fossil fuel-based heating in large factories and commercial establishments.
