Navalt raises private equity investment from BanyanTree

FinLead proudly served as the Exclusive Investment Banker to Navalt Green Mobility Private Limited in its growth investment from BanyanTree.

BanyanTree, a leading mid-market private equity firm, has announced its investment in Navalt, India’s foremost electric boat design and manufacturing company. The investment aligns with India’s broader clean energy transition, focusing on sustainable and cost-effective maritime transport solutions.

Navalt has built a profitable, capital-efficient business model, leveraging government-supported R&D initiatives and early-stage catalytic support from the Shell Foundation. With India’s globally competitive manufacturing ecosystem, Navalt is poised to become a global leader in electric maritime mobility, offering clean alternatives for both domestic and international water transport markets.

Headquartered in Kochi and led by naval architect Sandith Thandasherry, Navalt is a pioneer in solar-electric and hybrid vessels, addressing the urgent need for environmentally friendly maritime transport.

Navalt’s flagship vessel, Aditya—India’s first solar-electric ferry—won the Gustave Trouvé Award for Best Electric Ferry in the World (2020).

Navalt’s solutions deliver over $1.2 million in lifecycle savings per vessel, with annual operating costs of just $662, compared to $42,000 for traditional diesel boats. This makes Navalt’s products both financially and environmentally superior.

Navalt’s engineering focus on propulsion efficiency, energy optimization, and system-level safety has set new benchmarks in maritime electrification.

BanyanTree’s investment will support Navalt’s expansion, boost its export presence, and enhance its R&D and vessel design capabilities, reinforcing its position as a global leader in sustainable maritime transport.