GPS Renewables raises $6.67M in Series C Funding
In India, GPS Renewables has raised ₹635 crore in Series C Funding. The Series C round comprises ₹125 crore in equity funding led by PixelSky Capital, with participation from the Spectrum Impact Family office and other investors. This is further coupled with a tie-up for equity under the asset hold-co, Arya of ₹200 crore from a leading Korean conglomerate. Earlier, a similar round of tie-up for the asset platform business with IOC was done for ₹310 crore from Sojitz Corporation.
The freshly induced capital will support the company’s next phase of growth, strengthen its financial position, and accelerate the execution of a growing pipeline of large-scale compressed biogas (CBG) projects across India. A portion of the funds will also be invested in GPSR Arya, the company’s project development platform, to support ongoing and upcoming projects.
Category: Fuels
