Equity Moves

RoadGrid has raised Rs 120 million in a pre-Series A funding from Inflection Point Ventures, with participation from several strategic and angel investors. The investor group included Venture Catalysts, FAAD Network, LetsVenture, Kamal Puri of […]

Inox Clean Energy Limited, along with its subsidiary Inox Solar Limited, has tied up Rs 31 billion in equity at a pre-money valuation of around Rs 500 billion. The equity round saw participation from marquee […]

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 […]