Reliance Industries, Bill Gates, others invest $144 million in US energy storage company Ambri Inc
Reliance Industries, along with other strategic investors like Paulson & Co Inc and tech mogul Bill Gates, has invested $ 144 million in US-based energy storage company Ambri Inc, the former announced late Monday in a statement.
The Mukesh Ambani-led conglomerate, through its subsidiary Reliance New Energy Solar Ltd (RNESL), has invested $ 50 million to acquire 42.3 million shares of preferred stock in Ambri. The transaction is in line with RIL’s strategic plan to invest Rs 75,000 crore over the next three years to build a new clean energy business to fuel its commitment to be net carbon neutral by 2035.
