Greenjoules Raises ₹150 Crore In Series B Co-Led By Amazon Funds To Turn Farm Waste Into Fuel
A Pune startup that turns farm waste into renewable fuel has just landed Amazon’s backing. Greenjoules has raised ₹150 crore in a Series B round co-led by Amazon’s Smbhav Venture Fund and Climate Pledge Fund, with Rainmatter and Singularity’s Strategic Autonomy Fund also taking part. It also secured a ₹100 crore loan from the Technology Development Board, taking total financing to ₹250 crore.
The money will fund a plant in Khed City, Pune, with planned capacity of 200,000 litres of biocrude a day from agricultural waste, to be built in phases from 2027. Founded in 2018 by S. Viraraghavan, Radhika Viraraghavan and Sethunath Ramaswamy, among others, Greenjoules says its renewable diesel can run in existing vehicles and fuel infrastructure without modification.
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