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Avaada Energy

Mumbai based Avaada Energy is an independent power producer (IPP) of renewable energy projects.
Energy,  Technology  
Basic Information
Avaada Energy is an independent power producer (IPP) of renewable energy projects. Mumbai based Avaada is a green energy firm that develops sustainable energy through its utility and open access solutions in the solar, wind, rooftop, and hybrid energy markets. Avaada works with various businesses, supporting them in interweaving business goals with initiatives of environmental sustainability and social responsibility, producing mutually beneficial results. Avaada aims to uplift the livelihood of the communities it works with through its engagement initiatives. The company claims to have commissioned over 1.8 GW of renewable energy plants and has a portfolio of over 500 MW of open-access solar plants in the commercial category. Bengaluru based Avaada is a green energy firm that develops sustainable energy through its utility and open access solutions in the solar, wind, rooftop, and hybrid energy markets.
Legal Name
:
Avaada Energy Pvt Ltd
Headquarters
:
Mumbai, Maharashtra , India
Business Model
:
B2B,  B2G  
Founding Date
:
27th Jun 2007
No. of Employees
:
101 to 150
Core Team
:
1.  
Vineet Mittal
Chairman
2.  
Rajat Gupta
CFO
3.  
Kishor Nair
CEO
4.  
Prashant Choubey
President - BD

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Funding
Investors
:
1.  
Asian Development Bank
2.  
Proparco
Detail Round Breakdown
Round 1
Round 2

$144M

Series Name
:
DEBT-FINANCING
Date
:
Apr 2019
Investors
:
1.  
FMO
2.  
Deutsche Investitions
3.  
Asian Development Bank
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