Deal Overview
Bengaluru-based renewable energy firm GPS Renewables (GPSR) has successfully closed a Rs 635 crore Series C funding round. The investment combines equity financing for the parent company with significant capital injection into its asset-holding platform, Arya, aimed at accelerating India’s transition to sustainable energy.
Breakdown of Capital
- Equity Round: Rs 125 crore led by PixelSky Capital, with participation from Spectrum Impact Family Office.
- Asset-Holding Platform (Arya): Rs 200 crore secured from a leading Korean conglomerate, supplementing a previous Rs 310 crore investment from Sojitz Corporation.
Operational Impact and Traction
With over a decade of operational experience, GPS Renewables has established itself as a leader in technology, engineering, and EPC services for the bioenergy sector. The company currently employs over 800 staff and reports annual revenues of approximately Rs 1,000 crore. Its project portfolio includes notable solid waste-based compressed biogas (CBG) plants in Indore and Barabanki, with a pipeline of over 200 projects in collaboration with oil marketing companies.
Strategic Focus
The fresh capital will be directed toward expanding bioenergy infrastructure and executing high-impact projects. A key highlight is the recent EPC contract secured from NTPC to develop India’s first Ethanol-to-Jet Sustainable Aviation Fuel (SAF) plant, positioning the company at the forefront of the sustainable aviation sector.