Green energy company Greenjoules raises $4.5 million from Blue Ashva Capital
- 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
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.
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