Mondelez India has announced a strategic investment in Promethean Energy, an Indian company developing technology to reduce carbon emissions from industrial heat processes. The investment highlights Mondelez’s ongoing efforts to support scalable climate solutions and contribute to the shift towards a low-carbon economy.
Promethean Energy, founded by IIT Bombay alumni, specializes in technologies that recover and reuse waste heat in industrial settings. Using IoT-enabled systems, the company has already helped reduce over 100,000 tonnes of CO₂ emissions across various sectors by increasing energy efficiency and reducing reliance on fossil fuels.
Ophira Bhatia, Vice President for India and AMEA Corporate & Government Affairs at Mondelez International, said “Sustainability is integrated into our core operations, not treated as a separate initiative. Our support for Promethean Energy reflects our belief that innovation is key to tackling climate challenges. We’re focused on solutions that deliver measurable progress and long-term benefits for both communities and the environment.”
Ashwin Krishna K P, Head of Energy Efficiency at Promethean Energy, welcomed the partnership:
“Our goal has always been to decarbonize industrial heat at scale. This collaboration with Mondelez affirms the value of our work and will help accelerate adoption of cleaner technologies. It’s a step forward in proving that sustainability and industrial competitiveness can work together.”
The investment comes through Sustainable Futures, Mondelez International’s global fund dedicated to early-stage companies driving environmental and social impact. It follows earlier partnerships such as the Circulate Capital Ocean Fund and is part of a broader plan to embed sustainability throughout the company’s global supply network.
Mondelez India, formerly known as Cadbury India, has been present in the country for over 75 years. It is known for leading brands such as Cadbury Dairy Milk, Bournvita, Oreo, and Tang. The company operates manufacturing facilities across multiple states, a major R&D center, and a wide distribution network serving markets across India.
Headquartered in the US, Mondelez International operates in more than 150 countries. In 2024, the company reported revenues of $36.4 billion and holds a portfolio that includes Cadbury, Oreo, Ritz, Milka, and Clif Bar. It is listed on the Nasdaq and is part of the S&P 500, Nasdaq 100, and Dow Jones Sustainability Index.
Promethean Energy develops clean heating systems for industrial use, focusing on high-efficiency heat pumps and waste heat recovery. The company’s solutions combine thermal storage, smart controls, and real-time monitoring to reduce emissions and energy costs in factories and large commercial facilities.
