Greenjoules raises $16.8 million to expand renewable fuel production
In India, the Business Standard newspaper reports Greenjoules has raised ₹150 crore ($16.8 million) in a Series B funding round co-led by Amazon’s Smbhav Venture Fund and Climate Pledge Fund, with participation from Rainmatter and Singularity. It also secured a ₹100 crore ($11.2 million) government loan, bringing total financing to ₹250 crore ($28 million). The funding will support a phased 2027 development of a Pune plant designed to produce 200,000 liters of biocrude daily from agricultural waste. The company plans to refine the biocrude into renewable diesel and expand into sustainable aviation fuel and green hydrogen.
Category: Fuels
