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Avaada Energy

Avaada Energy

Mumbai based Avaada Energy is an independent power producer (IPP) of renewable energy projects.

Energy, Technology

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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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