Avaada Group is a visionary energy conglomerate with a presence across the entire spectrum of the energy transition value chain, including the production of Solar Modules, Renewable Power Generation, and the development of large scale projects for Green Hydrogen, Green Methanol, Green Ammonia, and Sustainable Aviation Fuel. Under the astute leadership of Mr. Vineet Mittal, the group has established itself as a significant player on the global energy stage. Avaada Energy, the group's flagship arm for renewable power generation, is on track to reach an impressive 11 GW of installed capacity by 2026. With its robust execution capabilities and a solid track record, Avaada has earned the trust of international investors, as evidenced by the equity raise of US $1.3 Billion in early 2023, including a US $1 Billion investment commitment from Brookfield’s Energy Transition Fund and $300 million from GPSC, PTT Group of Thailand.
Avaada Group, founded in 2009, operates in the Energy, Renewable Energy, and Clean Energy industries, with its headquarters in India. The company's last investment was an INR44.71B debt financing investment on 19 April 2024, backed by the National Bank for Financing Infrastructure and Development (NaBFID).Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Debt Financing | INR3.15B | 1 | 28 May 2024 | |
Debt Financing | INR11.90B | 1 | 02 May 2024 | |
Debt Financing | INR44.71B | 1 | National Bank for Financing Infrastructure and Development (NaBFID) | 18 Apr 2024 |
Corporate Round | INR107.00B | 2 | Global Power Synergy Company, Brookfield Renewable Partners | 30 Jun 2023 |
Corporate Round | INR78.80M | 1 | Airtel | 10 Mar 2022 |
No recent news or press coverage available for Avaada Group.