Equity Moves

GreenTech has raised Rs 300 million in its maiden funding round. The funding round comprised a mix of equity and debt and was led by Transition VC. The company plans to use the funds to […]

Waaree Energies Limited’s subsidiary, Waaree Energy Storage Solutions Private Limited (WESSPL), has secured Rs 10.03 billion in funding from a group of strategic investors. The funding forms part of the company’s planned capital expenditure of […]

Smart Joules, an energy-efficiency player, has raised $10 million in a Series B funding round. The investors include the SVL SME New II Fund, Waaree Renewable Technologies and Spectrum Impact. The proceeds from the fundraiser […]

Aditya Birla Renewables Limited (ABREN), a Grasim subsidiary, has finalised an investment of up to Rs 30 billion from Global Infrastructure Partners. The arrangement includes a commitment of Rs 20 billion, along with a greenshoe […]

JK Cement Limited has purchased an additional 12.21 per cent equity stake in O2 Renewable Energy V Private Limited, a special purpose vehicle of O2 Power, for approximately Rs 0.05 billion. This has increased JK […]

3ev Industries has raised Rs 1.2 billion in Series A funding round. The funding round was led by Mahanagar Gas making an investment of Rs 0.96 billion. The investors also included Equentis Angel Fund and […]

ACS Energy, a Maharashtra-based EV charging platform, has raised Rs 11 million in a pre-seed funding round led by Infection Point Ventures. The funding will be utilised to deploy over 5,000 UPI-enabled electric vehicle (EV) […]

Waaree Energy Storage Systems, the battery storage arm of solar module manufacturer Waaree Energies, has raised Rs 10 billion ($113 million) from several investors. The round was led by Niveshaay, which invested around Rs 1.28 […]

Beyond Renewables & Recycling has secured Rs 0.05 billion pre-seed funding led by Momentum Capital. The funding will support the company’s efforts to establish a large-scale solar waste recycling ecosystem using its proprietary 95 per […]

Reportedly, Goldi Solar has secured Rs 14.22 billion in growth capital to expand its solar manufacturing operations in a funding round led by Havells India Limited and supported by a consortium of institutional and strategic […]

EKA Mobility, an electric vehicle (EV) manufacturer, has raised Rs 57.5 billion ($56.8 million) in a Series A funding round from India-Japan Fund (IJF) managed by the National Investment and Infrastructure Fund (NIIF). The proceeds […]

SAR Televentures has signed an agreement to acquire an additional 19.93 per cent stake in Tikona Infinet Private Limited from L&T Finance for Rs 1.5 billion. Under the deal, Rs 300 million will be paid […]

SnapE Cabs has raised funding of $2.5 million in a bridge deck round led by Inflection Point Ventures. The capital will be utilised for operational expenses and leasing EVs. It will also be used for […]

GREW Solar has raised Rs 3 billion to fund product development and expansion after securing capital from a diverse set of investors. The investors also included high net-worth individuals. The company plans to use the […]

Alpex Solar Limited has secured approximately Rs 2.6 billion through a preferential issue of 21,46,600 equity shares and warrants. The funds will be used to scale up the company’s module manufacturing capacity. The preferential issue […]

Pace Digitek has raised Rs 2.45 billion from anchor investors ahead of its IPO. The anchor book comprised 11.2 million equity shares at Rs 219 per share. Key investors include: Compact Structure (15.09 per cent), […]

Vertelo, Macquarie Asset Management’s fleet electrification platform, has raised Rs 35.42 billion ($405 million). The investors include Green Climate Fund (GCF), Macquarie Green Energy Transition Solutions Fund (GCF), Macquarie Green Energy Transition Solutions Fund, Allianz […]

Bharti Space Limited is set to invest an additional €120 million (approximately Rs 12.04 billion) in the French satellite operator, Eutelsat Communications S.A., through a rights issue, as part of Eutelsat’s €1.5 billion (over Rs […]

Kazam has raised $6.2 million in a Series B funding round from the International Finance Corporation and existing investors, Vertex Ventures SEA and India, and Avaana Capital Advisors. These funds will be used to support […]

Adani Green Energy Limited (AGEL) has received an equity infusion of Rs 93.50 billion from its promoter group through the conversion of 11.5 million share warrants into equity by Ardour Investment Holding Limited. The warrants […]