Praveen Sahay

Praveen Sahay is a co-founder and Managing Director of WAVE Equity Partners, a private equity firm in Boston that provides expansion capital to clean energy, food, clean air and water companies at their inflection points of growth. The firm invests $15-25M in rapidly growing companies making products that are both environmentally superior and cheaper, and possess strong manufacturing IP, sustainable margins and competitive differentiation.


Originally a Nuclear Physicist, he prospected for offshore oil and gas deposits; managed retail operations for India's largest mutual fund; and led armed battalions as a Deputy Commandant in India. He also served at the United Nations Operation in Mozambique during the country’s democratic transition in 1994. Before founding WAVE, he was an investment professional for 12 years at venture funds VIMAC and Updata Venture Partners. He currently serves on the Boards of Directors of several companies involved in solar, wind, advanced materials, storage, and industrial equipment companies.


Praveen has an MBA from the University of Chicago, a degree in Geophysics from IIT, Roorkee, an MS in Nuclear Physics, and BS in Physics Honors from St. Stephen’s College in New Delhi. He is a Kauffman Fellow and was awarded a UN Peace Medal for his services in Mozambique.