Punjab Renewable Energy Systems plans to raise funds worth INR 69.55 crores

Punjab Renewable Energy Systems (PRESPL), an Indian biomass supplier, plans to raise around inr 69.55 crores in a Series B funding round, according to Bioenergy Insight. The company plans to obtain INR 34.77 crores from the NEEV Fund set up by SBICAP Ventures Limited and INR 20.86 to 34.77 crores from another investor. According to the source, PRESPL raised INR 15.59 crores in Series A funding.

Picture Credit: Kapilbutani, Biomass Pellets from India – White coal., CC BY-SA 3.0

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