Mondelez India has announced an investment in Promethean Energy, a homegrown climate-tech company focused on decarbonizing industrial heat. This move highlights Mondelez India’s commitment to advancing scalable and innovative solutions aimed at reducing industrial emissions and supporting the transition to a low-carbon economy.
Promethean Energy uses proprietary, IoT-enabled technology to capture and reuse waste heat, which significantly reduces industrial greenhouse gas emissions. To date, the company’s platform has helped mitigate over 100,000 tons of COâ‚‚ emissions across a variety of industries.
Ophira Bhatia, Vice President, India & Lead, AMEA, Corporate & Government Affairs at Mondelez International, commented on the investment: “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 the planet.”
Ashwin Krishna K P, Head of Energy Efficiency at Promethean Energy, 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, proving that sustainability and competitiveness can go hand in hand.”
This investment is part of Sustainable Futures, Mondelez International’s global impact investment platform, which supports early-stage ventures driving social and environmental innovation. The partnership further strengthens Mondelez’s broader ambition to integrate sustainability across its global value chain, building on previous initiatives such as the Circulate Capital Ocean Fund.
Mondelez India Foods Private Limited (formerly known as Cadbury India Ltd.) has been present in India for over 75 years. Since introducing Cadbury Dairy Milk and Bournvita in 1948, the company has been a leader in the chocolate category in the country. A part of Mondelez International, its portfolio includes iconic brands such as Cadbury Dairy Milk, Cadbury Dairy Milk Silk, Cadbury Celebrations, Cadbury Bournville, Cadbury 5Star, Oreo, and Tang, among others. Headquartered in Mumbai, Mondelez India operates sales offices in New Delhi, Mumbai, Kolkata, and Chennai, and has manufacturing facilities in Maharashtra, Madhya Pradesh, Himachal Pradesh, and Andhra Pradesh. The company also houses a global Research & Development Technical Centre and Global Business Hub in Maharashtra, with an extensive distribution network across the country.
