Green Energy Company Greenjoules Raises $4.5 Mn From Blue Ashva Capital
Green Energy Company Greenjoules Raises $4.5 Mn From Blue Ashva Capital The funds will be utilized to set up commercial-scale waste-to-energy plants and invest in new R&D initiatives Pune-based green energy technology company Greenjoules Pvt. Ltd on Wednesday announced to have raised its Series A round of $4.5 million from Blue Ashva Capital through its Blue Ashva Sampada Fund. The funds raised are a combination of equity and debt and will be utilized 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. "Just imagine bio-wastes being converted into diesel for our cars, commercial vehicles, and industrial applications and that too without any retrofit or modification required. This usher in a new era of green diesel with a positive impact on the environment and economy. We are excited to work with Greenjoules to bring this novel green dies...