MUMBAI: Greenjoules Pvt. Ltd., a Pune-based green energy technology company, has raised $4.5 million (about Rs33 crore) in its Series A funding round from Blue Ashva Capital through its Blue Ashva Sampada Fund. The funds raised are a combination of equity and debt and will be utilised to set up commercial scale waste-to-energy plants and invest in new R&D initiatives.
The company was founded in 2018 and is led by V Radhika, VS Shridhar, S Viraraghavan and R Sethunath.
Greenjoules specialises in manufacturing renewable biofuels, commonly recognised as “Drop-in Fuels” or second generation biofuels. These are curated entirely from agricultural residue and renewable wastes from agro-processing industries.
